Property News

PropertyGuru's report indicates more positive outlook for property landscap

PropertyGuru's report indicates more positive outlook for property landscap

PropertyGuru's Malaysia Property Market Report Q3 2022 revealed that the property sale market index, demand index and supply index across the landed and high-rise sectors showed an upward trend as consumer confidence improved. In a statement today, the online property marketplace said the overall demand index moved upwards by 7.93 per cent quarter-on-quarter (q-o-q) despite being in negative ...

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Malaysia's inflation rises to 4.4% in July

Malaysia's inflation rises to 4.4% in July

Malaysian's inflation jumped 4.4% to 127.9 in July 2022, its highest in more than a year, as the cost of food continued to accelerate. The increase in the consumer price index (CPI), the highest since April 2021, was in line with the median forecast of a Reuters poll of analysts. Announcing the July inflation data in a statement, the National Statistics Department said the increase in ...

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i-City: The first real estate development in Selangor's capital city to receive royal support

i-City: The first real estate development in Selangor's capital city to receive royal support

Thirteen years have passed since the Sultan of Selangor Sultan Sharafuddin Idris Shah designated i-City, Malaysia No.1 Technology City an international zone. i-City was also the first property project in the capital city to get Royal support to become an integrated development Being an international zone allows i-City to build Grade-A office towers, international hotels, a regional shopping ...

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A price floor for homes given the declining supply?

A price floor for homes given the declining supply?

Juwai IQI warned that the 9 per cent loss in newly planned residential supply and the 47 per cent drop in completed housing may soon lead to a price floor for residential properties in Malaysia. The firm's head of Bumiputera segment Muhazrol Muhamad said that the new home supply will be sufficiently reduced to prevent further price decreases. "As agents, we still see sufficient ...

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Property sector to revive to pre-pandemic levels, says Public Investment Bank Research

Property sector to revive to pre-pandemic levels, says Public Investment Bank Research

The local property sector is expected to revive to pre-pandemic levels in tandem with the economic recovery, says Public Investment Bank Research. Its analyst Tan Siang Hing said in a note today that the property sector will recover, with herd immunity expected by end-2021. Tan expects the property sales momentum to continue in the second half of 2021 (2H2021) as the vaccination programme gains ...

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Online

Online "shopping" for houses a hot trend given the ongoing pandemic

Online "shopping" remains a hot trend for those who are looking to purchase a residential unit, either landed or high-rise, amid the ongoing Covid-19 pandemic Further, the ongoing initiative by the government and incentives given by property developers is encouraging potential home seekers to buy a property now instead of spending their money elsewhere. There are several government ...

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Growing demand for landed residential properties, says Sime Darby Property chief

Growing demand for landed residential properties, says Sime Darby Property chief

Sime Darby Property Bhd says there is a growing demand for the company's residential landed type of products and this is based on buying trends among its existing customers. Its group managing director, Datuk Azmir Merican said looking at this trend the company will strive to meet its client's needs with new and existing products in that segment of the property market. Azmir said the ...

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OPR maintained at 1.75%

OPR maintained at 1.75%

 Bank Negara Malaysia has maintained the Overnight Policy Rate (OPR) at 1.75 per cent at its second Monetary Policy Committee (MPC) meeting today. The central bank's MPC considers the stance of monetary policy to be appropriate and accommodative. "Given the uncertainties surrounding the pandemic, the stance of monetary policy going forward will continue to be determined by new ...

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Industrial sector gathering momentum

Industrial sector gathering momentum

WHILE the Malaysian property market has been generally quite soft over the past few years, the industrial sub-sector seems to be bucking the trend and gaining a fair bit of attention of late. Earlier this week, Savills in its Asia-Pacific Investment Quarterly report for the first quarter of 2021 (Q1) revealed that major investment transactions in Malaysia grew 53% year-on-year to RM1.46bil in ...

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Axis-REIT buys factory in Klang

Axis-REIT buys factory in Klang

Axis Real Estate Investment Trust (Axis-REIT) has completed the acquisition of a leasehold property within the Bukit Raja industrial zone in Klang, Selangor for RM37 million. The property comprises 5.6-acre land with two blocks of detached factory and a double-storey office building. It was acquired from Lion Steelworks Sdn Bhd, a unit of Lion Corp Bhd. The net lettable area is 149,605 sq ft. ...

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IJM Land continues to make headway in Seremban 2

IJM Land continues to make headway in Seremban 2

SEREMBAN 2, a 1,520-hectare freehold self-contained township by IJM Land Bhd was established in 1995 and is one of the most progressive and successful developments in Negri Sembilan. The multi-billion ringgit satellite township comprises a good mix of residential, commercial and light industrial properties. Being part of the Greater Klang Valley, the township has been realising its great growth ...

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Rehda calls for a Covid-19 (Temporary Measures) Bill to protect all industries

Rehda calls for a Covid-19 (Temporary Measures) Bill to protect all industries

The Real Estate and Housing Developers' Association Malaysia or Rehda urge the government to introduce an all-encompassing force majeure exemption bill or a Covid-19 (Temporary Measures) Bill to lawfully protect players of all industries, including the property sector. Rehda president Datuk Soam Heng Choon said the Bill is much needed, to ensure that every party is safeguarded against any ...

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Gamuda Land partners Shopee to sell house

Gamuda Land partners Shopee to sell house

Gamuda Land has partnered with Shopee, an e-commerce shopping platform, to sell houses online, amid the current Covid-19 pandemic. Its chief operating officer Aw Sei Cheh said through this exclusive promotion, customers will be able to browse and purchase selected Gamuda Land properties through Shopee, anytime and anywhere and discover attractive packages that the developer is currently ...

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i-City shaping up with better investor confidence in Selangor's golden triangle

i-City shaping up with better investor confidence in Selangor's golden triangle

I-Berhad is shaping up its i-City project in the heart of Selangor's golden triangle with a new wave of development and investment in Artificial Intelligence (AI) technology. Executive chairman Tan Sri Lim Kim Hong told NST Property that in spite of a challenging market environment, I-Berhad will continue to invest in i-City because of strong investor confidence in the development. The ...

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GDP between -2.0% and 0.5% in 2020

GDP between -2.0% and 0.5% in 2020

 The Malaysian economy is expected to see a contraction -2.0% at its worst and growth of 0.5% at its best in 2020, compared to 4.3% in 2019, against a highly challenging global economic outlook. Bank Negara Malaysia (BNM) in its 2019 Economic Monetary Review on Friday said the domestic economy will be impacted by the necessary global and domestic actions taken to contain the ...

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Mah Sing registers RM1.13 bln sales in Jan-Sept 2019

Mah Sing registers RM1.13 bln sales in Jan-Sept 2019

 Mah Sing Group Bhd  is on track to achieve its RM1.5 billion sales target for this year, having achieved RM1.13 billion in sales in the nine-month period ended Sept 30, 2019. In a statement today, the property developer said its balance sheet remains healthy, with cash and bank balances of approximately RM1 billion which allows the group ...

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Tropicana eyes new launches worth RM3 bln GDV in FY20

Tropicana eyes new launches worth RM3 bln GDV in FY20

Tropicana Corporation Bhd will continue to focus on delivering long-term value to its stakeholders by targeting new launches with a gross development value (GDV) of RM3 billion in the financial year ending Dec 31, 2020 (FY20).  These new launches, which are expected to contribute positively to the group’s earnings in the coming year, include the strategically-located ...

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UEM Sunrise eyes RM4 Bln in unbilled sales

UEM Sunrise eyes RM4 Bln in unbilled sales

UEM Sunrise Bhd expects to garner up to RM4 billion in potential unbilled sales in the next two years from the groups ongoing and new projects, said managing director and chief executive officer, Anwar Syahrin Abdul Ajib. The leading property developer aims to launch new projects with a gross development value (GDV) of RM2 billion this year, in addition to RM1.23 billion worth of ongoing as well ...

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Mah Sing completes Islamic bonds issuance

Mah Sing completes Islamic bonds issuance

MAH SING GROUP BHD has completed an issuance of secured and unrated sukuk murabahah of RM600mil in nominal value under the sukuk murabahah programme. The secured and unrated Islamic medium term notes has a tenure of five years and carries a fixed profit rate of 4.35% per annum payable semi annually. The sukuk murabahah issuance has been oversubscribed, the company said in a filing with the ...

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Avillion’s land attracts interest

Avillion’s land attracts interest

LOSS-MAKING AVILLION BHD has received an offer for its land in Port Dickson from a China-based investment group. Sources say that a group called Guangxi East Hangyang Investment Group has made an offer of about RM380mil to purchase six parcels of land that Avillion owns in Port Dickson, Negri Sembilan. The offer includes the piece of land that houses one of Avillion’s main ...

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