Due to the Covid-19 pandemic and the ensuing Movement Control Order (MCO), LBS Bina Group Bhd (LBS) has revised its 2020 sales target to RM1 billion from the previously set figure of RM1.6 billion.According to its managing director Tan Sri Lim Hock San (pictured), the company remains bullish nevertheless. “We revised the target back in…
Read MoreHomebuyers are being persuaded by developers to take on heavy debt to purchase multiple properties. (Rawpixel pic) Loan compression, or multiple financing, can put an individual in a negative cycle of debt as it impacts one’s ability to repay the loans. Loan compression is when an individual applies for several home loans simultaneously from various…
Read MoreKL Eco City has been coming up almost unnoticed next to Mid Valley Megamall. (Property Advisor pic) In recent years, many residential areas have been redeveloped into commercial, corporate and mixed-use locations, especially in Kuala Lumpur, where the central business location continues to swell. One such locality is KL Eco City (KLEC), which was formerly…
Read MorePETALING JAYA (July 21): Sime Darby Property Bhd’s Elmina Green Three homes have seen a total of 283 units worth RM250 million snapped up by interested buyers since the project previewed in early June. In a press statement today, the company said all 218 units of phase one in Elmina Green Three homes and 65…
Read MoreAmInvestment Bank Bhd (Ambank) maintained its “neutral” view on the property sector as its outlook for the next 12 months remains challenging due to the onset of the Covid-19 pandemic and the resulting Movement Control Order (MCO) to control its spread that has halted economic activities for almost two months. According to its analyst Thong…
Read MoreMatrix Concepts Holdings Bhd is unfazed by the prevailing market conditions and is “confident” about surpassing its sales target of RM1.1 billion for the financial year ending March 2021 (FY2021), reported The Edge Malaysia. “We are confident that we can surpass or at least meet the target,” Matrix Concepts founder and deputy executive chairman Datuk…
Read MoreBangsar South’s winning formula is its infrastructure, security and community well-being. (Property Advisor pic) The Covid-19 pandemic wreaked havoc for businesses across the world, and the property market in Malaysia was not spared. However, despite the property slowdown, Bangsar South has been able to continue chalking up impressive occupancy rates, proving itself to be somewhat…
Read MoreKUALA LUMPUR, July 13 — The outlook for Malaysia’s industrial property market is looking favourable as it is expected to see more enquiries, especially from manufacturers, said independent property consultancy firm, Knight Frank Malaysia. Its Capital Markets executive director Allan Sim said manufacturers would be looking to take advantage of the tax incentives, adding that the industrial real estate market…
Read MoreKUALA LUMPUR, July 14 — The number of home seekers post-Movement Control Order (MCO) announcement increased to 45 per cent, according to a survey by iProperty.com.my. The property portal said its survey revealed that 24 per cent of the respondents, who were not looking to buy a property before the MCO, are now looking to…
Read MoreWith easy connectivity to the centre of Kuala Lumpur and other suburbs and townships, Mont’ Kiara has become a hot spot for expatriates. (Pic courtesy of Property Advisor) Located in the constituency of Segambut, Mont Kiara, often styled as Mont’ Kiara, is a hot spot for expatriates from around the world. According to Knight Frank…
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