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PROPERTY NEWS
‘Good Time to Buy Properties as Prices Have Stabilised’

JOHOR BARU: Now is the best time to buy residential properties in the secondary market as prices have stabilised, said the Malaysian Institute of Estate Agents (MIEA). Its president Eric Lim said the last increase in prices of secondary property took place in 2013 and 2014, between 4% and 5%. ...
11 Shopping Malls That Are Opening in Klang Valley Over the Next Two Years

It's no secret that Malaysians love to shop; rain or shine, you'll find us in shopping malls. But some economic experts are forecasting the buying habits of Malaysians to change soon, given the current economic climate. A retail expert told The Malaysian Insight that some malls are facing har...
New MRT Line in Sungai Buloh Spurring Growth

The commencement of the Sungai Buloh-Kajang mass rapid transit (MRT) line has resulted in a spurt of development in Sungai Buloh. Property development is especially vigorous near the four stations that serve the area – Sungai Buloh, Kampung Selamat, Kwasa Damansara and Kwasa Sentral. Among t...
WCT’s MRT Station Job Award a Positive Development

WCT Holdings Bhd’s (WCT) MRT station job award has been viewed positively by analysts who note that the group, now as the actual contractor for the stations, will earn construction margins they believe in the high single digit. In a filing on Bursa Malaysia, WCT had previously announced that...
Property Investment: Perth Beckons for Malaysian Developers

The Perth property market in Western Australia has bottomed out and is attracting Malaysian property developers. According to a report from Momentum Wealth, a Perth-based property investment adviser, the market is now in a recovery phase. Entitled “Residential Property Spotlight: Perth”...
More Incentives Needed to Encourage Affordable Housing Projects

Government incentives are important in encouraging developers to work together in providing more affordable homes to property buyers, said the Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Seri FD Iskandar Mohamed Mansor. “We want to build more affordable...
Owners and Tenants Urged Not to Take Strata by-Laws Lightly

Burgess Rawson Malaysia managing director Wong Kok Soo has urged owners and tenants of stratified development not to take the strata by-laws lightly as they may be breaking the law by doing so. “Under the Strata Management Act 2013 (SMA), those caught breaking strata by-laws will be fined an...
Rising House Prices: Don't Blame Developers

Developers should not be blamed for rising house prices as in actual fact it represents the appreciating land value with residential planning approval. However, house prices also rise because of the higher cost of construction, as indicated at the recent PropertyGuru Malaysia Real Estate Summi...
Datuk Seri Nabbed Over Allegedly Fraudulent Investment Scheme

Police have nabbed a 39-year-old Datuk Seri from Melaka over an allegedly fraudulent investment scheme that caused losses of at least RM3.75mil. Federal Commercial Crime Investigation Department director Comm Datuk Seri Acryl Sani Abdullah Sani said his department had received a total of 113 r...
Building Owners Refuse to Pay for Safety Features

Many buildings in the country do not have Fire and Rescue Department (Bomba) certification mainly because the owners refuse to fork out extra money to meet the necessary requirements to improve the safety features of their premises. Bomba director-general Wan Mohd Nor Ibrahim said this attitud...
High-Rise Dwellers Urged to Go Green

More than 3,000 residents in 529 units of the People’s Housing Programme flats in Jalan Sungai, Penang, have been urged to recycle, starting with separating their waste at source. Penang Island City Council (MBPP) mayor Datuk Maimunah Mohd Sharif said their effort could help raise Penang isl...
Get Approval From Property Management Body for Airbnb Tenants, Says MC Chairman

KUALA LUMPUR (Sept 16): While there is no regulation on short-term tenants such as Airbnb, Endah Promenade management corporation (MC) chairman Siew Yee Hoong advised operators to get approval from their property’s management body. “Whether you agree or not, you can raise your views at the...
LBS Bina Group Send Winners to China for Malaysia Day

Aligned to this year’s Malaysia Day celebration theme, ‘Negaraku Sehati Sejiwa’, LBS Bina Group Berhad (LBS) commemorated the celebration during its recent LBS Perks and Plusses winners’ trip to Zhuhai, China. LBS Group Managing Director, Tan Sri Lim Hock San, representatives of the F...
RM200bil in Construction Jobs to Be Given Out This Year

The value of construction jobs to be given out in the country in 2017 is projected to be around RM200bil, compared to RM229bil in 2016. Penang Master Builders and Building Materials Dealers’ Association (PMBBMDA) immediate past president Datuk Lim Kai Seng said this was because the bulk of t...
REITs Investment Slowing Down Amidst Slowing Property Sector

Investments into Malaysian real estate investment trusts (M-REITs) are being limited by lacklustre retail sales and worries over the current supply glut of commercial properties. According to UOB Kay Hian Research, “we still believe that the oversupply of office malls and retail space is far...
New Taxes to Help Fund Tourism Investments in Malaysia

Infrastructure and tourism-related programmes will be among the beneficiaries of a new levy on hotel stay that Malaysia’s government is imposing to help fund expansion of the country’s tourism offering. Approved by Parliament in early April, the bill came into effect on August 1, having be...
Non Chinese Investor Eyes Stake in Titijaya Land

Titijaya Land Sdn Bhd is in an advanced stage of negotiation with a few parties, the frontrunner being a large foreign property company, that are looking to buy a stake in the developer, according to sources. The foreign party, which is not a China company, is interested in Titijaya because of...
Be Careful When Investing in Foreign Properties

A property expert has urged investors to be wary of companies selling land in foreign countries and promising high returns in simple terms. One such company, for instance, would invite individuals to a talk at a five-star hotel, where they would give free lunch or shopping vouchers. At the tal...
Drones to Improve Quality of Property Developments in Malaysia

The use of drones in the construction industry is significantly growing as its aerial videos and photographs not only expedites land surveys but also improves safety and provides more accurate data to builders. For instance, Shenzhen-based drone company JTT revealed that China-based developer ...
Watch Chinese Investments Closely, but Don’t Stop Them

Malaysia needs to be wary of the increasing Chinese investments and projects in the country but that is no reason to shut them out, says a Malaysian banker. Munir Majid, who is the Chairman of Bank Muamalat and president of the Asean Business Club and chairman of the Asean Business Advisory counc...
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