China and Canada remained top foreign buyers in 2022, Florida still top target market According to a new report from the National Association of Realtors, foreign buyers purchased $59 billion worth of U.S. existing homes from April 2021 through March 2022, an 8.5% increase from the previous 12-month period and stopping a three-year skid in...
Read moreThe Selangor International Aero Park (SAP), an aerospace industrial park in Sepang, is capable of bringing a positive impact to local residents, according to a senior real estate consultant. He is confident that the industrial park development will be welcomed by local residents because it will help to increase property value and rents.The SAP development...
Read moreOCBC Bank (M) Bhd has provided an RM299.5 million bridging loan to Setia Awan Holdings Sdn Bhd’s unit, Astrum Ampang Sdn Bhd, for the development of sustainable urban housing for millennials. The project includes 5,228 units of SoHo transit homes, Rumah Mampu Milik (RMM) SoHos, serviced apartments, and 27 retail units. It has a total...
Read moreProspective home buyers may postpone big-ticket purchases for the next six months due to rising interest rates, as well as ongoing market headwinds such as rising inflationary pressure and ringgit weakness, according to analysts. RHB Investment Bank Bhd (RHB IB) says the stamp duty exemption for first-time home buyers will have little impact on the...
Read moreGood times or not, Malaysian real estate value will continue to climb over the long term, albeit some at a stronger rate than others. There are, however, exceptions where property values have plunged but never recovered, even after decades. Fortunately, such sad incidents are few. Real estate investment is close to the heart of Malaysians,...
Read moreParagon Globe Bhd (PGB) will purchase 10.86 hectares of freehold agricultural land in Plentong, Johor, for about RM38.1 million, to turn it into a “well-conceptualised” commercial area. The property development and development company stated in a stock exchange filing last week that it believes the proposed development will improve its future profitability and sales.According to...
Read morePETALING JAYA: Dynaciate Group Bhd’s wholly-owned subsidiary Magnitude Resources Sdn Bhd has entered into a conditional sale and purchase agreement with Sime Darby Property (Nilai) Sdn Bhd (SDPN) to acquire a freehold industrial land with buildings erected in Nilai, Seremban for RM15mil cash. The land is a freehold industrial land measuring 7,690 square metres, with a single-storey detached...
Read moreThe increase in the Overnight Policy Rate (OPR) is unlikely to dampen public interest in purchasing affordable homes during the Jom Beli Rumah Carnival 2022, which takes place this weekend. The Monetary Policy Committee of Bank Negara Malaysia (BNM) decided on July 6 to raise the OPR, which is the benchmark for loans and savings,...
Read moreKUALA LUMPUR: Korean construction and project management company Samsung Engineering Co Ltd has bagged a US$680 million engineering, procurement, construction and commissioning (EPCC) contract for a gas plant in Malaysia. Samsung Engineering received a contract from Sarawak Shell Bhd (SSB) for its Onshore Gas Plant (OGP) for the Rosmari Marjoram project in Bintulu, Sarawak. The...
Read moreKLANG (July 8): Sime Darby Property Bhd and LOGOS SE Asia Pte Ltd’s (LOGOS Property) joint venture — SDPLOG — has unveiled plans with the commencement of groundwork for its maiden asset E-Metro Logistics Park in Bandar Bukit Raja, Klang, Selangor. Sime Darby Property’s group managing director Datuk Azmir Merican said at the groundbreaking ceremony...
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