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Jax Lee

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Report Claims No Signs of Housing Bubble

By Jax Lee / last year

PETALING JAYA: THE ramifications of a bubble burst are disastrous as seen with The Great Recession in the United States, in which its effects were felt globally. A recent study by a research team from University Tunku Abdul Rahman (UTAR) zeroed in on the current state of Malaysia’s housing market, and stated that there are […]

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MCKIPSB Eyes RM10bil Investments

By Jax Lee / last year

Industrial park developer targets big jump in capital injections KUALA LUMPUR: The master developer of a huge industrial area in Kuantan, Pahang that is being jointly developed by Malaysian and Chinese companies, is targeting a big jump in new investments into the area this year. The Malaysia-China Kuantan Industrial Park Sdn Bhd (MCKIPSB) had secured […]

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People Unhappy Over Budget Hotel Close To Mosque

By Jax Lee / last year

Some people are protesting the Penang Island City Council’s decision to permit a five-storey building next to Qaryah Masjid Jamek Benggali in Leith Street to be transformed into a low-cost hotel. According to mosque Chairman Mohd Omar Ab Kadir, they hope the city council would change their mind, as the area is not suitable for […]

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Malaysia Listed as One of the Best Places to Retire

By Jax Lee / last year

Home to Asia’s friendliest people and offering unrivalled public transport, Malaysia has been ranked as the world’s sixth best destination to retire in by International Living, an authority on global retirement and relocation opportunities. Mexico, which was listed third in 2016, topped its Annual Global Retirement Index this year, unseating Panama which now occupies the […]

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Secondary Market to Continue to Drive Property Market

By Jax Lee / last year

The secondary housing market moved the real estate business last year, accounting for around 80 percent of the country’s real estate transactions, reported New Straits Times. “New projects account for between 20 and 25 percent. It is the secondary market that drove the market last year,” said Malaysian Institute of Estate Agents (MIEA) past president […]

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Property Industry To Remain Lacklustre This Year – AllianceDBS Research

By Jax Lee / last year

KUALA LUMPUR (Bernama) — The property industry is expected to remain lacklustre this year after the sluggish sales in 2016, driven by prolonged weak sentiment, low affordability and accelerating incoming supply. In a research note today, AllianceDBS Research Sdn Bhd said, buyers were likely to adopt a wait-and-see attitude in anticipation of lower selling prices […]

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Dwellers of Low-Cost Flats Finally Get Strata Titles

By Jax Lee / last year

STRATA titles for three public housing projects – Taman Tun Sardon Peralihan, Taman Tun Sardon Phase Three flats and Batu Lanchang flats – have finally been issued. It is understood that some owners have been waiting more than 30 years for the titles. Penang Housing Committee chairman Jagdeep Singh Deo said that a special sub-committee […]

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Read This First Before Investing In Singapore Property

By Jax Lee / last year

While Singapore has long been South East Asia’s biggest success story (with property prices to match), the current climate poses another, less rosy picture. With a declining economy and fears of a recession in the air, real estate values have hit new lows, and record numbers of agents are turning their backs on the business […]

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Selangor Properties Earning Down 88% In Q4

By Jax Lee / last year

PETALING JAYA: Selangor Properties Bhd posted an 88% decline in net profit to RM57.4mil for the fourth quarter ended Oct 31 compared to the same quarter a year ago after an extraordinary gain last year from the disposal of land. The property developer said in filing with Bursa Malaysia that revenue increased 30% in the […]

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House Buyers’ Burden Reduced With EPF’s Down Payment Facility

By Jax Lee / last year

SHAH ALAM — The Employees Provident Fund (EPF), which allows members to use their contributions to pay the down payment for a house can help realise the desire of low-income workers to own their own homes. A contributor, Muhammad Sufian Daud, 31, said the convenience of using the EPF withdrawal from account two to pay the […]

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