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Property Market Expected To Remain Stable This Year

By Kim Wong / 3 years ago

GEORGE TOWN: The Malaysian property market is generally expected to remain stable in 2016 but could see a dip of 5-6% compared with 2015 based on the market trend that has been seeing gradual decreases since the second quarter of 2014. According to Raine & Horne International senior partner Michael Geh, the first half of 2016 […]

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Thailand Property To See Growth In 2016

By Kim Wong / 3 years ago

Several property firms are predicting that Thailand’s real estate market will see growth of around five to ten percent in 2016, with Greater Bangkok expected to lead the charge, reported The Nation. The government’s investment in infrastructure projects across the country is just one reason for the positive outlook this year. “When the government starts […]

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PDC To Build More Affordable Homes

By Kim Wong / 3 years ago

CONSTRUCTION of affordable housing are among the focus of a five-year strategic plan which the Penang Development Corporation (PDC) has drawn up for 2016-2020. Chief Minister and PDC chairman Lim Guan Eng said the building of such homes would increase house ownership among the people. He said there would also be redevelopment of certain commercial, […]

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Rehda ‘Cautiously Optimistic’ on Johor property market

By Kim Wong / 3 years ago

JOHOR BAHRU: There are pockets of opportunities in the Johor property market, especially in Iskandar Malaysia, despite the challenging year ahead for property developers. Johor Real Estate and Housing Developers Association (Rehda) branch chairman Hoe Mee Ling said the association was cautiously optimistic on the market outlook for 2016 “but business remains as usual for […]

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AmInvestment Bank Maintains ‘Overweight’ Call On Property Sector

By Kim Wong / 3 years ago

KUALA LUMPUR, Jan 7 — AmInvestment Bank has maintained its “overweight” call on the property sector following 1Malaysia Development Bhd’s (1MDB) proposed sale of a 60% equity stake in the Bandar Malaysia project. The research house noted that based on this recent development, it estimates the implied land value for the project to be RM583 […]

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Johor To Get Japanese Investment Worth RM500 Million This Year

By Kim Wong / 3 years ago

BATU PAHAT, Jan 7– Johor will receive new investment inflow worth RM500 million from a Japanese multinational company that is interested to undertake operations based in Tanjung Langsat, near here. Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said the company was interested to operate at the industrial area which focuses on petrochemical and oleochemical […]

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AmanahRaya-REIT Appoints New Chief Operating Officer

By Kim Wong / 3 years ago

KUALA LUMPUR: AmanahRaya-REIT Managers Sdn Bhd, which manages AmanahRaya Real Estate Investment Trust, has appointed Noorbaizura Hermeyney as chief operating officer (COO) effective Jan 7. The company told Bursa Malaysia that Noorbaizura, 36, had been its acting principal officer following the resignation of the previous COO Adenan Md Yusof on June 6, 2015. (The company […]

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Najib: 2016 Budget To Be Adjusted In Line With Global Economic Developments

By Kim Wong / 3 years ago

PUTRAJAYA: The 2016 Budget will be adjusted soon, taking into account the current global economic developments. Announcing this today, Prime Minister Datuk Seri Najib Razak said the strengthening of the US dollar, plummeting oil prices and major commodities, as well as the shrinking of major economies such as China, were among the factors taken into […]

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