Latest News

Property Sector On Track For Recovery, Despite Expected Drop In Sales In Q2

Market NewsCaitlynJun 18, 2021

Malaysia's property sales are expected to pick up, once the full movement control order (FMCO) is eased.

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Slower Recovery Seen For Malaysia’s Real Estate Industry

Market NewsCaitlynJun 18, 2021

While Malaysia had lockdowns much like some countries within the APAC region, the real estate industry is expected to still have improvements (albeit slower).

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PropertyGuru Asia Property Awards Sets Key Dates For 2021 Asia Pacific Gala Series

Market NewsshawnJun 18, 2021

PropertyGuru’s 2021 Awards season will commence with a virtual ceremony in Indonesia on 14 October, followed by Cambodia, Vietnam, Philippines, Singapore, Malaysia, Thailand, and Chinese territories (Mainland China, Hong Kong, Macau).

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SkyWorld Unfazed By Pandemic, Achieves Over RM1bil Sales

Market NewsshawnJun 17, 2021

The developer is planning to rise onto a greater phase whereby prospective purchasers will notice more and more launches in popular locations across the Klang Valley.

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AmInvest Sees REITs Rebound Strongly Post-Lockdown

Market NewsshawnJun 16, 2021

The view is based on the assumption that consumers tend to “revenge spend and gather” much like they did during the past MCOs, according to the research house.

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Tropicana Handover Homes At Tropicana Aman And Tropicana Metropark

Market NewsshawnJun 16, 2021

Over 650 happy homeowners of Paisley Serviced Residences at Tropicana Metropark and Dalia Residences at Tropicana Aman received keys to their brand-new homes.

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Penang To Build 1,267 Affordable Homes In Bayan Baru

Market NewsshawnJun 15, 2021

The Penang state housing board’s first affordable housing project will be built in Bayan Baru, offering 1,267 units with built-ups from 700 sq ft to 850 sq ft.

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Sime Darby Property Sees Growing Demand For Landed Homes

Market NewsshawnJun 14, 2021

The developer secured total outstanding sales of RM572 million through bookings for 662 housing units across its 14 townships via its recently concluded 'Siap, Sedia, Raya' campaign, which ran from 15 April to 31 May this year.

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KPKT Urged To Open Strata Management Offices

Market NewsshawnJun 11, 2021

A lawmaker said that more than six million Malaysians live in apartments and condominiums, and under the strata scheme, management offices are responsible for providing management and maintenance services to residential properties.

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Malaysia Property Prices May Have Hit Rock-Bottom, Says Economist

Market NewsshawnJun 10, 2021

Centre for Market Education fellow and Bait Al Amanah economist Fariq Sazuki said property prices can no longer be lowered by developers during MCO 3.0 since the prices also reflect the rising costs of building materials and labour.

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Merdeka 118 Tower Tops Out Despite Delays

Market NewsshawnJun 9, 2021

Ahmad Zulqarnain Onn, President and Group Chief Executive of PNB, said that the tower is currently 81% completed.

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Office Building Owners To Contend With Rising Vacancy, Falling Rents

Market NewsshawnJun 8, 2021

According to an industry player, the Klang Valley office market is now faced with two situations – tenants asking for a 5% cut in rent once rent reviews arrive, and owners of new buildings trying to lure tenants with below-market rent.

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UEM Sunrise Acquires Prime Freehold Land Adjacent To The Taman Connaught MRT Station, Cheras

Market NewsshawnJun 7, 2021

The purchase of the Taman Connaught land marks UEM Sunrise’s second major acquisition of the year, a testament to the Company’s commitment to rebalancing its landbanking portfolio in the Central Region.

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Penang Group Questions Need For Reclamation Amid Work-From-Home Trend

Market NewsshawnJun 4, 2021

With employees ditching offices and working from home due to the COVID-19 pandemic, a residents’ association in Penang questioned whether major land expansion projects remain a good idea.

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ECRL Dungun Achieves Tunnel Breakthrough 6 Months Ahead Of Schedule

Market NewsshawnJun 3, 2021

The achievement is a culmination of about 641,520 man-hours as well as the adoption of the drill-and-blast method of tunnelling.

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Sunsuria Records Higher Q2 FY2021 Revenue Of RM62.95 Million

Market NewsshawnJun 3, 2021

For the three months ended 31st March 2021 (Q2 FY2021), Sunsuria achieved a 31% quarter-on-quarter increase in revenue to RM62.95 million compared to the RM47.94 million recorded in the previous quarter.

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