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Effects of Covid-19 on local property market

Effects of Covid-19 on local property market

THE outbreak of the Covid-19 has significantly reduced the average sales of businesses across multiple industries and will play negatively on the local property market, says a senior real estate marketing consultant. “Many developers are already struggling to keep their heads above water. With daily updates, new information, and more confirmed cases, the long term...

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IJM Land continues to make headway in Seremban 2

IJM Land continues to make headway in Seremban 2

SEREMBAN 2, a 1,520-hectare freehold self-contained township by IJM Land Bhd was established in 1995 and is one of the most progressive and successful developments in Negri Sembilan. The multi-billion ringgit satellite township comprises a good mix of residential, commercial and light industrial properties. Being part of the Greater Klang Valley, the township has been...

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Rental rates hold on as bearish pressures build

Rental rates hold on as bearish pressures build

RENTAL rates on residential properties remains steady in the first three months of this year despite a weaker economic environment and bearish capital markets. Malaysian Institute of Estate Agents (MIEA) president-elect Chan Ai Cheng said the ability to maintain rental rates is generally the preferred option among homeowners during unpredictable economic situations. “A couple of...

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A Right Time For REITs To Shine

A Right Time For REITs To Shine

 Given the expected slow recovery of the real estate industry, many investors are relooking at their options to maximise their property portfolios but strangely enough many are still unaware or uncertain about investing in real estate investment trusts (REITs). In fact, many are still of that mentality where investing in real estate means flipping for...

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MIEA applauds PDRM, BOVAEP over raid on illegal real estate firms

MIEA applauds PDRM, BOVAEP over raid on illegal real estate firms

KUALA LUMPUR (March 14): The Malaysian Institute of Estate Agents (MIEA) has extended its thanks and support to the Royal Malaysia Police (PDRM) and the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) for a recent raid on the premises of a cooperative for allegedly conducting the business of real estate agency illegally. MIEA president Lim Boon Ping said...

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Riverbank Cove set for growth this year

Riverbank Cove set for growth this year

Perak-based developer RH Consortium Sdn Bhd, which aims to go public in the next three to five years is in talks with healthcare and hotel operators for its project, Riverbank Cove, in Manjung, Perak. Riverbank Cove, which is situated at the river mouth of Sungai Tiong overseeing Pangkor Island has a gross development value of...

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Tropicana Lays Foundation For Next Growth Phase

Tropicana Lays Foundation For Next Growth Phase

PETALING JAYA: Property developer Tropicana Corporation Bhd is focusing on laying the groundwork to strengthen its foundation to see it through the next growth phase. The group plans to introduce new developments and phases across its signature Tropicana townships this year amounting to a gross development value (GDV) surpassing RM2.0bil. A key highlight will be...

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Mah Sing Sets Sales Target Of RM1.6bil This Year

Mah Sing Sets Sales Target Of RM1.6bil This Year

KUALA LUMPUR: Mah Sing Group Bhd (Mah Sing) achieved its target sales of RM1.5bil for the financial year ended 2019, driven by strong take-up of its affordable homes. Mah Sing recorded cash and bank balance of approximately RM1bil for the year ended 2019, and the group is in a position to continue its pursuit for...

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COVID-19: BNM’s RM3.3 Bln fund, banks’ preparedness will help alleviate SMEs’ financial burden

COVID-19: BNM’s RM3.3 Bln fund, banks’ preparedness will help alleviate SMEs’ financial burden

KUALA LUMPUR, March 8  — As the COVID-19 outbreak widens with Malaysia entering the second wave of spread, the banks’ preparedness along with measures undertaken by Bank Negara Malaysia (BNM) are a shot in the arm for the Small and Medium Enterprises (SMEs) during this difficult time. “As the backbone of the nation’s economy, the SME sector deserves all...

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