All posts in "Local"
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Affordable Housing In Penang To Be Key Sales Driver

By Jax Lee / 3 years ago

PETALING JAYA: AllianceDBS Research said the Penang property market has been facing challenging conditions since 2014 as property prices continue to rise, albeit at a slower pace. “We notice that transaction numbers have continued to extend its decline in 2016 and there is no sign of a recovery in the near term as prices remain […]

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Hua Yang Unveils RM368 Million Project In Seri Kembangan

By Jax Lee / 3 years ago

SERI KEMBANGAN: Property developer Hua Yang Bhd, which is targeting sales worth RM500mil within its current financial year ending March 31, 2017, will be launching its newest offering, Astetica Residences, by this quarter. Hua Yang financial controller Joe Tan said the launch of the mixed development at Seri Kembangan will help the company achieve its […]

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Authority Eyes RM25 Billion New Investments For Iskandar

By Jax Lee / 3 years ago

KUALA LUMPUR, 6 September: The Iskandar Regional Development Authority (IRDA) aims to achieve RM25 billion in new investments for Iskandar Malaysia this year. Corporate management and finance director Nor Hisham Mohd Yusof said IRDA was confident of achieving the target as the authority had secured RM17.7 billion in new investments in the first half of 2016. […]

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Selangor: Up To 30% Of Serviced Apartment And Boutique Office Projects Must Be Affordable Units

By Jax Lee / 3 years ago

SHAH ALAM: Property developers will have to allocate up to 30% of affordable units for their serviced apartment and boutique office projects, depending on type and location, according to the Selangor Housing and Property Board (LPHS). Its executive director Norzaton Aini Mohd Kassim said developers who build serviced apartments and small office home offices (SOHO), small office […]

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Lower Income Households Financially Fragile: Khazanah Research Institute (KRI)

By Jax Lee / 3 years ago

PETALING JAYA, 1 September: Lower income households in Malaysia borrow seven times more than their annual income, on average, and are not financially resilient, said Khazanah Research Institute (KRI) in its publication, The State of Households II. “While household balance sheets look healthy at the aggregate level, households in different income classes face different financial risks. […]

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Malaysians Are Borrowing Too Much, Beware Of The Global Economy Downturn

By Jax Lee / 3 years ago

KUALA LUMPUR: There is a concern that Malaysians are borrowing too much and not saving enough, according to a report by Khazanah Research Institute. While household debt growth has been moderating since 2010 (2015: 7.3% year-on-year), the ratio of household debt to gross domestic product remains high, at 89.1% in 2015 against 87.4% in 2014, […]

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KL-S’pore High Speed Rail (HSR) Boost The Valuations Of Planters’Land Bank

By Kim Wong / 3 years ago

PETALING JAYA: The Kuala Lumpur-Singapore High Speed Rail (HSR) may boost the valuations of planters’ land bank due to property development potential, according to CIMB Research. Sime Darby Bhd, Genting Plantations Bhd (GENP) and Kuala Lumpur Kepong Bhd (KLK) have their own property arm to develop the land but may selectively sell some of the […]

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RM 1mil For Taman Putra Damai Flats

By Jax Lee / 3 years ago

PEOPLE’s housing project (PPR) Taman Putra Damai, Lembah Subang 1 will get RM1mil from the Federal Government by the end of the year to upgrade its facilities. Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar announced the allocation, among others, to improve the handrails and football field during a Gotong-Royong Merdeka Raya […]

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PM Officially Launch Light Rail Transit Line 3

By Jax Lee / 3 years ago

SHAH ALAM, 25 August: Prime Minister, Datuk Seri Najib Abdul Razak today officially launched the Light Rail Transit Line 3 (LRT3) project. Najib said the project will be able to transport more passengers compared to other modes of transportation available in Western Klang Valley at the rate of 36,720 passengers per direction per hour. “I […]

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Pokemon Go Craze To Benefit REITs

By Jax Lee / 3 years ago

MIDF Research expects the Pokemon Go craze to benefit Malaysian real estate investment trusts (REITs) as shopping malls see higher footfalls. “Since the release of Pokemon Go in Malaysia on Aug 6, retailers in the local shopping malls have been taking advantage of the Pokemon Go craze. One of the most common ways used by […]

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