Jax Lee 
In response to the Penang’s Heritage Site being put at risk by foreign investors, Penang’s Chief Minister Lim Guan Eng is considering reinstating the rent control law. Previously reported in PropertyGuru, the elderly in Penang are being evicted and are being forced to be homeless due to callous property investors and increasing rental. Property experts … Read more
Having travelled the world in search of real estate opportunities for our clients, we can state that Australia is one of the most manageable and stable markets when it comes to property. While it presents excellent upside opportunities, the downside risks remain relatively minimal with prices well supported by strong market fundamentals. Take Melbourne for an … Read more
One year after its launch, response to the government’s Youth Housing Scheme (YHS) was lukewarm, attracting only around 12% of the 20,000 total application quota for a two-year period. Of the 2,500 applications received, over RM300 million worth of loans have already been approved as at May 2016. Bank Simpanan Nasional (BSN) senior vice-president and … Read more
The first duplex project in the affluent township of Taman Tun Dr Ismail namely TTDI Segaris is launched recently. This project is a joint-venture development between Naza TTDI Sdn Bhd and Prasarana Integrated Development Sdn Bhd (Pride). Developed on a 1.01-acre parcel in Persiaran Zaaba, this project offers a single storey tower with a leasehold … Read more
Property players with developments in Britain were unfazed by Britain’s exit from the European Union. Regardless of the outcome, CIMB Research noted that the uncertainty created during the negotiation may deter foreign investment into the London property market. “Foreign interest may recover afterwards, but the extent of the recovery will depend on the terms agreed,” … Read more
KUALA LUMPUR, June 26 (Bernama) — Deputy Finance Minister Datuk Johari Abdul Ghani Sunday suggested that housing developers focus on redeveloping old flats to meet the high demand for low-cost housing in the federal capital. He said the demand for low-cost homes such as the People’s Housing Project (PPR) and Public Housing (PA) units was … Read more
Previously Scomi Transit Projects Sdn Bhd (STP) was awarded a RM404 million contract to replace the monorail trains under the Kuala Lumpur Monorail Fleet Expansion Project (KLMFEP) by Prasarana Malaysia Bhd, the asset and project owner of KLMFEP. According to Prasarana Malaysia, STP has failed to adhere to the timeline as the project was scheduled … Read more
Property owners are not expected to supervise the work of contractors whom they hire, revealed the High Court in rejecting a move by a neighbour to make a homeowner liable for the damages caused by the contractor. “It would be intolerable if the law were to hold that all landowners who seek to construct homes … Read more
Weakening demand and record levels of new housing supply have contributed to a softening private residential leasing market over the past two-and-a-half years, with the Urban Redevelopment Authority’s (URA) rental index for private homes falling by 9.1 percent from Q3 2013 to Q1 2016, revealed a JLL report. To meet pent-up demand following the 2008 … Read more
The property outlook in Iskandar Malaysia remains attractive with good demand for landed residential properties, as the foreign and domestic property buyers prefer landed over high-rise living. According to Stanley Saw, divisional general manager at SP Setia Bhd (Property South), the development and progress taking place in Malaysia’s first economic growth corridor served as the … Read more
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