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Reputation More Important Than RM20million Loss for KK's DeveloperNew President, Deputy President and List of Office Bearers for SHAREDA
Jesselton Waterfront Holdings Sdn Bhd, Group Executive Chairman and first-time property developer, Tan Sri Datuk David Chu said his company is proud to see customers for his Jesselton Residences happy with the completion and delivery of their quality condominiums. "We had to pay more than RM20...
The Sabah Housing and Real Estates Association (SHAREDA) held their 24th Annual General Meeting cum Election of Office Bearers for the term 2017-2019 at their SHAREDA mini auditorium in Bundusan this morning, March 25th. During that time, we saw immediate past President Datuk Francis Goh stepp...
Push for Faster, Cheaper Internet Access in Sabah

A future Internet Exchange Point (IXP) infrastructure in Sabah will be the key to faster and cheaper Internet connection for the people. “I am informed, ICT Infrastructure such as an Internet Exchange Point (IXP) is essential to improve Sabah’s ICT capabilities. “An IXP is a key part ...
Draft Local Plan Can Solve Development Plan

The unnecessary delay in the approval of development plan (DP) can be easily solved by gazetting the draft local plan, said Sabah Real Estate and Housing Developers Association (Shareda) president Datuk Francis Goh. Goh said the delay in the DP approval can be reduced by at least 24 months by ...
Regus Shared Workplace to Provide Sustainable Business Growth

Regus is providing answers to business outfits which are thinking of using shared workplace. The world’s largest provider of outsourced workplaces for businesses of any size, Regus believes shared workplace provides businesses with a sustainable route to growth. Its Country Manager, Vijayaku...
China Express Airlines to Open Malaysia BaseRise in Residential Loan Indicators a Good Sign
China Express Airlines (G5, Chongqing) will establish a base in Kuching, Malaysia, as part of an agreement between the government of Sarawak state and Chinese tourism development firm, Beijing Glory International Culture Development Co Ltd. According to Malaysia's Star newspaper, the agreement...
Improvements are seen in residential loan indicators for January 2017, whereby residential loans applied and approved data came in at 3.4 and 12.5 per cent year on year (y-o-y) respectively despite loans-to-deposit ratios (LDR) remaining at a record high at 89.8 per cent. For residential loans...
Sarawak Reconsiders Policy for Middle-Income Group to Buy Houses

Sarawak will fine-tune its own financial model to enable the middle-income group to buy their own house in the state. Chief Minister Datuk Amar Abang Johari Abang Openg said under the new financial model, those under the middle-income bracket will purchase housing projects financed by the stat...
Naim Records Improvement in Property Segment for FY16

Naim Holdings Bhd (Naim) achieved an improvement in profit from RM12.1 million for 2015 to RM15.8 million for 2016 for its property segment. The segment also recorded new property sales of about RM112 million for 2016, a welcomed result against the backdrop of the current slowdown in the prope...
Good Time to Buy to Buy Properties as Prices Still Kept Current

The Sarawak Housing and Real Estate Developers’ Association (SHEDA) urges interested buyers to consider purchasing property soon as they believe the time is right. “It’s the best time to buy now because prices are not yet reflective of our falling currency,” explained Dr Christopher Ng...
Alibaba Logistics Hub SoonMM2H Contributed RM2.9 Billion to Economy in 2016
China's Alibaba Group is set to transform up to 45 hectares at KLIA Aeropolis into an eFulfillment hub, an e-commerce and logistics hub to facilitate faster clearance of imports and exports. Prime Minister Datuk Seri Najib Tun Razak said the establishment of the hub, which was in line with Mal...
The Malaysia My Second Home (MM2H) programme contributed RM2.9 billion to the Malaysian economy in 2016, according to tourism and culture minister Datuk Seri Nazri Aziz. Nazri said in Parliament on Wednesday (March 22) that the RM2.9 billion figure includes a contribution from visa fees of RM6...
Construction, Property Stocks to Benefit From Foreign Buyers

Key players like Gamuda, WCT Holdings Bhd, Malton Bhd were among the main earners of the previous week, showing great strength from the property industry. With foreign funds increasing their exposure in Malaysian equities, companies that are deemed to be beneficiaries of big construction proje...
Construction Sector Enters Upcycle as Index Reaches New High

The construction sector is entering an upcycle, the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) observes, with the KL Construction Index (KLCon Index) having climbed to a new high of 25.43-fold. According to MIDF Research, this is KLCon Index’s highest since its lowest pr...
citizenM Hotel to Open in Kuala Lumpur in 2018

Affordable luxury for the traveller of today and tomorrow – Artyzen Hospitality Group (AHG), together with Pinnacle Supreme Sdn Bhd, a member of Cornerstone Partners Group, are delighted to announce the signing of the citizenM hotel in Bukit Bintang, Kuala Lumpur. It was confirmed today that...
Hong Kong’s Affordable Housing Policies AdoptableReal Estate Investment Intensity Yet to Reach Critical Mass
Hong Kong’s housing policies that support affordable housing for its citizens can be adopted by Sarawak, said Chief Minister Datuk Amar Abang Johari Tun Openg. The chief minister expressed this view following briefings and site visits conducted by Hong Kong’s Urban Renewal Authority (URA) ...
Asia Pacific cities are some of the fastest-growing real estate markets in the world, but they have yet to catch up with their European and North American counterparts when it comes to intensity of investment. JLL’s latest Investment Intensity Index – which compares the volume of direct co...
More Abandoned Projects Due to China’s Capital Control

China’s aggressive crackdown on the capital flight could lead to a surge in abandoned projects in Penang, Johor and Kuala Lumpur, reported Free Malaysia Today citing veteran economist Hoo Ke Ping. “Chinese nationals who have purchased homes but haven’t finished paying for them may not be...
Smart Condo Dilemma: Talk to Appliances, or Text Them

In today’s so-called smart home, you can dim the lights, order more toothpaste or tell the kids to go to bed simply by talking to a small Wifi-connected speaker, such as Amazon’s Echo or Google’s Home. This voice-first market – combining voice with artificial intelligence (AI) – bare...
Hong Kong Flat Buyers Put Off by New Development Price Rise

A 57 per cent price rise in the second launch of flats at a project of former Sun Hung Kai Properties chairman Walter Kwok Ping-sheung deterred buyers on Saturday (March 11), with just four out of 42 selling by 6pm. The first apartments released at Alto Residences in October averaged HK$13,237...
Invest in Property Now or Wait?When to Buy a House Part 2
Kenanga Investment Bank Bhd believes the property sector is bottoming out but still lacks strong catalysts. The bank is advising investors to be selective in their investments, says the head of equity research Sarah Lim. “We reckon rebound or laggard plays with decent sales trajectory are wo...
For many people, buying a house means tying one’s self to a monthly mortgage repayment for the next 10, 15 or perhaps 20 years. Houses are expensive items, and in a volatile market, a slight up or down swing could mean a difference in price of tens of thousands of Ringgits. The research team fo...
EPF to Bank on Private Market Investments

Malaysia’s Employees’ Provident Fund (EPF) will continue to spend wisely the money entrusted to it by the people, according to its CEO Datuk Shahril Ridza Ridzuan, reported the New Straits Times. “We will remain prudent in our expenses as indicated by the consistency in our key financial...
Malaysia to Register Better Economic Growth This Year

Economists believed the country’s economic growth this year will fare better than last year following the release of the gross domestic product (GDP) growth figure on Thursday (Feb 16). With an improved economic growth of 4.5 percent registered in the fourth quarter of 2016 (4Q16) as compare...
Ringgit Opens Unchanged Against USD

The ringgit opened unchanged against the US dollar on the lack of market sentiment ahead of the US Federal Reserve’s (Fed) announcement of its interest rate. At 9 am, the local unit was traded at 4.4470/4520 against the US dollar from Monday’s (February 13) close of 4.4470/4500. A deale...

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