Share Property Market In 2017 To Remain Subdued, Office & Mall Space Glut A Concern, Says Rahim & Co By Kim Wong / last year KUALA LUMPUR, 17 February: The Malaysian property market will remain subdued this year, with oversupply concerns in the retail and commercial sectors, said property consultants Rahim & Co. “On the commercial side, there is a problem of oversupply. Within the next two to five years, 15 million sq ft are coming into the market. That is […]
Share MK Land to Build 500 Affordable Homes in Ipoh By Kim Wong / last year Property developer MK Land Holdings Bhd (MK Land) will build 500 affordable housing units in Klebang and Meru here this year, its Group Chief Executive Officer, K. Mohanachandran said. He said the single-storey affordable houses would fetch below RM300,000 per unit. “However, this will depend on how fast we can get the approval for the […]
Share Limit PR1MA’s Special End-Financing Scheme to First-Time Buyers, Says HBA By Kim Wong / last year The Special PR1MA End Financing Scheme (SPEF) and subsequent sale of 1Malaysia People’s Housing Programme (PR1MA) homes should be limited to only first-time house buyers, said the National House Buyers Association (HBA). HBA secretary-general Chang Kim Loong applauded the SPEF, which will assist the lower income group to obtain financing to buy their PR1MA homes […]
Share New Transportation Projects Lead to Increase of Office Relocation By Jax Lee / last year More firms are expected to move into Kuala Lumpur’s central business district (CBD), as connectivity is set to be significantly upgraded, while rental prices in the city’s outskirts become more similar to that in downtown, reported The Edge Property. “Companies considering relocation or setting up a new office may view the CBD as a good […]
Share Mohd. Adib Aziz: I Almost Sold a Murder House! By Jax Lee / last year Selling a Crime Scene Nothing can beat the feeling of selling your first property. Ask any agents and they will tell you that the feeling is priceless. As for Mohd. Adib Abd. Aziz, that wasn’t the case. He was relieved that his first transaction as an agent failed. “I almost sold a crime scene!” he […]
Share RM300mil Project to Create 1,000 Jobs in Perlis By Jax Lee / last year The RM 311.4 million mixed development project by TH Properties Sdn Bhd (TH Prop) and Perlis State Economic Development Corp (PKENPS) is expected to generate up to 1,000 jobs, reported Bernama. To contribute up to RM1.3 billion to Perlis’ economy, the project – which is one of the few mega projects of TH Prop and […]
Share Bringing Affordability Back to Penang By Kim Wong / last year Penang, an idyllic island that freezes in time? Perhaps such description can be seen as stale and an understatement to what Penang truly is now. The evanescent island city and even its mainland territory prove to be a winner among those seeking for residential properties. If you are a fan of House Hunters International, which […]
Share Rosy Outlook for Construction Sector By Kim Wong / last year The construction sector’s outlook remains promising this year thanks to the anticipated implementation of many large-scale developments, especially the railway projects, according to Master Builders Association Malaysia President Foo Chek. “Infrastructure projects such as the MRT Line 2 and 3, LRT2, KL-Singapore High Speed Rail, Pan Borneo Highway, East Coast Rail Line are among the […]
Share Rents Fall In Singapore: Now 7th Most Expensive City In Asia By Kim Wong / last year Singapore is the seventh most expensive location in Asia for high-end rental accommodation this year, falling from last year’s fourth position in regional rankings. Hong Kong and Tokyo maintained the first and second place while Seoul was up two notches at the third place from fifth in 2016. This was the findings of the latest […]
Share Real Estate Investment Opportunities In ASEAN Look Strong For 2017 By Kim Wong / last year SINGAPORE: Southeast Asia remains a bright spot amid a subdued global economic outlook, as ASEAN economies continue to grow at 5% per year compared to a global growth rate of 3.5% per year. According to a statement by real estate consultant JLL, Vietnam is a rising star in terms of real estate investment with strong […]
