Kinght Frank says ‘home prices across the world will face the challenges brought by [higher] interest rates and inflation’In Hong Kong, home prices are expected to drop by up to 5 per cent over 2023, according to report Global house prices rose at their slowest pace in the first quarter of 2023 year-on-year since the...
Read moreKUALA LUMPUR (July 27): The government has announced that it will provide up to RM5 billion in loan schemes under the Housing Credit Guarantee Company (SJKP) to facilitate first-home purchases. Subsequently, the government said that it had improved the SJKP loan scheme, now providing a financing guarantee of up to 120% of the house price...
Read moreKLANG (July 26): The federal government has approved a proposal to upgrade the Klang Municipal Council (MPK) to a city council, said Local Government Development Minister Nga Kor Ming (pictured). Nga said the decision, reached at Tuesday’s (July 25) Cabinet meeting, would make Klang the fourth city in Selangor, after Subang Jaya, Shah Alam and Petaling Jaya. “MPK was established in 1890 and has...
Read moreKUALA LUMPUR (July 25): Sentral REIT has signed a conditional sale and purchase agreement (SPA) with a unit of its major unitholder Malaysian Resources Corp Bhd (MRCB) to acquire the 27-storey office building known as Menara CelcomDigi in Petaling Jaya, Selangor for RM450 million. In a filing to Bursa Malaysia on Tuesday (July 25), Sentral REIT said the...
Read moreGamuda Berhad has announced that its property arm, Gamuda Land is to acquire 100% equity interest in Tam Luc Real Estate Corporation for RM1.47 billion which solely owns a Vietnam project that is a shovel-ready mixed-use high-rise project site with all requisite planning approvals obtained that is ready for immediate development. The Project Land is...
Read moreMACHANG (July 24): The Ministry of Local Government Development (KPKT) has allocated RM3.4 million to revive six abandoned housing projects in Kelantan this year. KPKT National Housing Department (JPN) deputy director-general (Private Housing) Norsazila Nordin (pictured) said the allocation will be channeled to the state government, with rehabilitation works to be carried out by the...
Read morePETALING JAYA: AmBank Group (AmBank) has provided a green financing facility worth RM130 million to Persada Mentari Sdn Bhd (PMSB) to support the development of Arica @ Andaman Island and upcoming ventures in Penang. PMSB – a subsidiary of Eastern & Oriental Bhd (E&O) and KWEST Sdn Bhd, a wholly-owned subsidiary of Kumpulan Wang Persaraan...
Read moreKUALA LUMPUR: SkyWorld Development Bhd, whose shares have been trading below its initial offering price (IPO) of 80 sen since it debuted on the Main Market of Bursa Malaysia on July 10 (Monday), is committed to achieving a return on equity (ROE) of over 20% for its shareholders going forward. In an interview with The Edge,...
Read morePETALING JAYA: MRT Group Bhd, via its subsidiary TST Land Sdn Bhd, has acquired 12.82 acres of industrial land in Rawang for a cash consideration of RM24mil. Located at Rawang Perdana, the freehold parcel is only 1km away from the Rawang town centre and is accessible via the LEKAS highway and the ECRL. The group, represented...
Read moreSeremban 2 (S2) township, developed by IJM Land, has grown remarkably since 1995 garnering numerous prestigious awards. This growth has led to a surge in demand, not only for residential properties but also for commercial offerings within the self-contained township. With a current residential occupancy rate of 62,000, the population at S2 is witnessing remarkable...
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