PETALING JAYA: Demand for landed residential units is still promising despite the current property glut, said an official from a local real estate services provider. CBRE|WTW managing director Foo Gee Jen said that in spite of confidence issues among property buyers, there was still good demand for “the right products,” especially for landed units. “Despite … Read more
PARIT BUNTAR, May 18 (Bernama) — The state government will amend its housing policy to set the price of affordable houses at not more than RM200,000, says Perak Women Development, Family, Community Welfare, Housing and Local Government Committee chairman Datuk Rusnah Kassim. She said at the same time, the amendment if passed, would also compel … Read more
Ideal Property Development plans to unveil RM2.72 billion worth of condominium developments in Penang Island this year. These include the RM378 million Summerskye Residences in Bayan Lepas that was launched January, said Datuk Alex Ooi, Executive Chairman of Ideal Property. For the upcoming projects, they consist 3,648 units that will be released from May to … Read more
According to the Petaling Jaya Mayor Mohd Azizi Mohd Zain, a partial stop-work order will be issued for the on-going building at Persiaran Barat, which collapsed on Sunday. The fourth-floor of the building collapsed suddenly, causing six foreign workers to trap under the wreckage. “The stop-work order will be issued by the council will only be … Read more
KUCHING: Bintulu Port Holdings Bhd (BPHB) has re-scheduled several of its major development projects for Bintulu Port as the economic slowdown has affected its total cargo throughput. Chief executive officer Datuk Mior Ahmad Baiti Mior Lub Ahmad said as there was no urgency to implement the proposed projects mooted two years ago, these have been … Read more
PETALING JAYA: RAM Ratings projects the banking sector’s loan growth to ease to 6% this year as the economic environment remains challenging and macro-prudential measures to curb household debt continue to exert an impact. However, its co-head of financial institution ratings Sophia Lee expects the overall asset quality indicators of the sector to remain healthy … Read more
Developers are offering creative financing packages to attract potential home buyers, given the sluggish property market and the stringent criteria of banks in granting housing loans. “The market was still flat in the first quarter, with some developers delaying their launches. They are trying to move whatever stock that is still available, and we have … Read more
PETALING JAYA: KLK Land has unveiled its Rumah Selangorku, Hibiscus 2 Homes in Bandar Seri Coalfields, Sungai Buloh. Interested applicants can now apply online at ehartanah.lphs.gov.my, and to select Daerah Kuala Selangor, Mukim Ijok and Property Type D, 1,000 square feet in the application. Receiving overwhelming interests from the public, KLK Land offered assistance to … Read more
PETALING JAYA: SP Setia’s Setia Eco Templer development, which is expected to launch its first phase in two weeks, will be building approximately 900 affordable housing units starting at the later part of this year. The units will be priced from RM42,000 to RM250,000. The master plan of Setia Eco Templer has a gross development … Read more
SHAH ALAM: Developers of serviced apartments in Selangor may need to allocate a certain percentage of units as affordable homes, according to the Selangor Housing and Property Board (LPHS). In an interview with SunBiz recently, executive director Norzaton Aini Mohd Kassim said LPHS is studying new guidelines for serviced apartments, which explains the notice of … Read more