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PROPERTY NEWS
Taste of Healthy, Sustainable Living at Sunsuria City Fest

Sunsuria Berhad (“Sunsuria”) marked the grand opening of its Sunsuria City Celebration Centre in spectacular fashion, feting 4,500 visitors at its inaugural Sunsuria City Fest on Saturday, April 22. Sunsuria City’s new Celebration Centre includes its brand-new sales gallery and Celebrati...
HBA Urges Government to Fine Tune Rent-and-Save Scheme

The National House Buyers Association (HBA) has called on the government to fine-tune the Rent-and-Save scheme into a Rent-to-Buy scheme to help Malaysians get on the property ladder. This is because the Rent-and-Save scheme merely prolongs the housing affordability problem by another five ye...
Another Knock-Out Investment From Symphony Life

Symphony Life, developers of an exceptional real estate, is about to launch yet another concept lifestyle development. Union Suites is a 42-storey SOHO in the heart of education land – Bandar Sunway, Selangor, where top universities are located. Occupying a 2.62-acre plot, Union Suites is slate...
Property Market Records 11.5 Pct Drop in Transactions in 2016

The property market recorded 320,000 transactions, worth RM145.41 billion, in 2016, a decline of 11.5 percent, against the previous year. In a statement on Tuesday, April 18, the Valuation and Property Services Department said the residential sub-sector continued to drive the overall market wi...
Housing Ministry to Build 4,800 Rental Apartments for Youths

The Federal Government’s Housing Ministry plans to construct 4,800 studio apartments for young adults on its land at Batu district in Kuala Lumpur, reported Bernama. Construction work for Phase 1 of the Youth Transit Studio Apartments will start in July and this will consist of two-bedroom u...
Seal It With S P Setia

With many prospective homeowners facing difficulty in securing sufficient margin of financing to buy homes, S P Setia today launched its Setia Express Advance Loan (“SEAL”) – a differential sum loan scheme that offers interest rates as low as 5.5% per annum and up to 30% of the intended pro...
Approval of PPA1M to Be Localised According to Each State

On Tuesday, April 18, Negeri Sembilan's Menteri Besar Datuk Seri Mohamad Hasan suggested that the vetting and approval of civil servants’ eligibility for the 1Malaysia Civil Servants Housing Programme (PPA1M) be localised according to each state and handled by the respective state government. ...
Malaysia Capped 2016 With a Slower Home Price Inflation

As home prices worldwide posted their highest increase since Q1 2014, Malaysian residential property values still managed to increase over the past year but at a slower rate. The results of the newest Knight Frank Global House Price Index saw home prices in the ASEAN nation inching upwards 5.3...
Malaysia Gets More Property Investments From Chinese Than Singaporeans Now

With investment inflows coming apace to Malaysia from mainland China, Singapore is no longer the biggest source of real estate capital for its immediate neighbour. In terms of transactions valued at least USD10 million, the Chinese funnelled USD2.1 billion to Malaysia’s property sector betwe...
S P Setia to Acquire I&P Group From PNB and ASB to Tap Inter Group Synergy

S P Setia Berhad (S P Setia), Permodalan National Berhad (PNB) and Amanahraya Trustees Berhad (as trustee for Amanah Saham Bumiputera) (ASB) had entered into a non-binding Memorandum of Intent (MOI) to commence negotiations on the proposed acquisition by S P Setia of the entire equity interest in...
S P Setia Acquires 342.5 Acres of Prime Land in Bangi

S P Setia Berhad (S P Setia), via its wholly owned subsidiary, KL East Sdn Bhd, entered into a conditional sale and purchase agreement to acquire a parcel of land measuring approximately 342.5 acres located in Bangi, Selangor, known as Bangi Estate (“Bangi Land”), from a subsidiary of PNB Dev...
Buyers Want to Cancel Purchases in Forest City

China-based Country Garden, the developer of the US$100 billion (RM443.95 billion) Forest City project in Johor, revealed that fewer than 60 buyers want to pull out their home purchases in the mega development. Although they have already made significant down payments, the buyers had requested...
Triterra and Naza TTDI Formalise Partnership With Football Match

The two property developers, Triterra Metropolis Sdn. Bhd. (Triterra) and Naza TTDI held a friendly football match at the Royal Selangor Club field in Bukit Kiara to commemorate their partnership and signal the latest commercial asset within the KL Metropolis constructed by the Triterra team - Th...
Set Quota to Prevent Oversupply in Properties

The growth property developments in Greater Kuala Lumpur and Negeri Sembilan have now indicated a trend that people are willing to travel in order purchase properties here. To prevent overbuilding that in turn leads to a supply glut, an expert is urging the government to limit a number of prop...
Experts Upbeat on Property Market

Despite its apparent sluggish state, Malaysia’s property market is healthier today than it was in the past few years, according to experts who shared their views in a report by The Star. “Today, the property market is very healthy. Some may not think so, but it is very healthy,” said Par...
Compulsory for Low-Cost Flats to Have Nurseries

The Ministry of Urban Wellbeing, Housing and Local Government will make it compulsory for low-cost flats to have nurseries, said its Minister Tan Sri Noh Omar. He said the policy proposal would be submitted to the Cabinet immediately after the ministry has discussed it in detail. "I will re...
Gamuda Land to Launch Phase 1 of twentyfive.7 in 3Q2017

Gamuda Land, the property development arm of Gamuda Bhd, is looking to launch phase 1 of the twentyfive.7 township located next to Kota Kemuning in 3Q2017. The first phase of the township will consist of superlink homes and semidees with built-ups ranging from 2,120 sq ft to 3,653 sq ft. Price...
Be Practical in Buying First Home, Says Expert

Property-seekers are now seeking affordable and cheaper properties to be called homes. Property consultancy Rahim and Co International is advising people to be more practical in their home ownership expectations, especially young first-time buyers. “Today, the barrier of entry for people ...
Transforming Your Real Estate Business in a Changing Era

The Internet has changed the way people approach real estate investing. Selling a home has become more convoluted than in the past. it better to list a property by yourself, or enlist the help of a professional agent? To this day, real estate agents have yet to become obsolete. In fact, it is ...
The Many Types of Loans in Malaysia

If you walk into a bank today there are many loan products available. Borrowers are spoilt for choice. Which is the one suitable for them. To me, the lowest interest rate package is not necessary the best. It depends on the borrower’s objective. There are many types of property loans but I sum ...
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