Sime Darby Property anticipates that property demand will moderate in the first quarter of next year, assuming that the Home Ownership Campaign (HOC) concludes on December 31, 2021, with no further extension. However, its group managing director Datuk Azmir Merican believes that the market will gradually improve in the coming quarters. “The HOC has been...
Read moreMulpha International Bhd hopes to stay profitable after turning a profit of RM419.38 million in the third quarter (Q3) ended September 30, 2021, compared to a loss of RM25.39 million in the same quarter last year. The profit level in the period under review was due to an RM420.9 million one-time gain on the sale...
Read moreJOHOR BAHRU (Nov 25): The implementation of the land and air Vaccinated Travel Lanes (VTL) will act as a catalyst to spur the post Covid-19 economic recovery in both countries, Johor Menteri Besar Datuk Hasni Mohammad said. He said that it was especially true for Johor, as the state was Singapore’s nearest neighbour and the...
Read moreEastern & Oriental Berhad (E&O) intends to begin new projects in the second half of its current fiscal year, which concludes March 31, 2022, as it sees early signs of recovery with the gradual lifting of the Movement Control Order. According to E&O’s managing director Kok Tuck Cheong, the company’s project will be launched in...
Read moreDeputy Housing and Local Government Minister Datuk Seri Ismail Abdul Mutalib told the Dewan Rakyat on Tuesday (23 November) that there were 30,290 unsold completed residential units worth RM19.75 billion nationwide in Q3 2021, reported Bernama. Comparatively, there were 31,112 unsold housing units worth RM20.1 billion in Q2 2021, according to National Property Information Centre...
Read moreWill the future of housing and construction involve 3D printing? In a city in the US state of Texas, a new kind of real estate project will break ground in 2022. An entire neighbourhood of 100 single-storey, 3D-printed homes will be built in an Austin neighbourhood. This method of construction is faster, cheaper and less...
Read moreIN 2019, Malaysia’s median income was RM5,873. It grew by 3.9 per cent per year in 2019 compared with 6.6 per cent in 2016. Based on these, the prices of affordable homes are RM211,000 and below. This indicates that the country’s housing prices are under the “seriously unaffordable” category (based on Demographia International Housing Affordability...
Read more19 NOVEMBER – Sunway Berhad, through its joint venture vehicle with Singapore developer Hoi Hup Realty, today won a competitive bid for 22 parcels of freehold residential land in Tanjong Katong, Singapore with a bid of SGD815 million (approximately RM2.5 billion). The 22 parcels of land with a total area of 6 acres are located on...
Read morePrime Minister Datuk Seri Ismail Sabri Yaakob will chair the council, which will comprise 15 implementing agencies as well as state governments. “The proposal (to reactivate MPMMN) has been agreed upon by the Cabinet,” said Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican following a visit to the incinerator plant within Belanga...
Read moreSome Chinese cities have relaxed rules for land sales after cash-strapped developers became reluctant to bid, threatening the biggest revenue earner for local governments. Several large cities including Shanghai and Nanjing have announced details of land sales plans in December, offering more plots than those in the last round, the official Securities Times reported. Some...
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