Latest News

Paralysed Scholar Gifted a Free Home by PropertyGuru With the Help of Over 130,000 Malaysians

Market NewsshawnAug 2, 2021

The PropertyGuru Home Giveaway initiative is PropertyGuru’s way of giving back to Malaysians at an unprecedented time when the country and its people are faced with a weak economy due to COVID-19.

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Prasarana Instructs Contractor To Conduct Thorough Investigation On LRT3 Incident

Market NewsshawnJul 30, 2021

A Bangladeshi construction worker was killed after metal scaffolding collapsed at the construction site of LRT3 in Bandar Bukit Tinggi, while four workers in their 30s suffered minor injuries.

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Glomac Delivers Commendable FY2021 Performance, Earnings Soar 125% To RM28.3 Million

Market NewsshawnJul 29, 2021

Driven by strong take-up rates from new phases launched in FY2021, Glomac has achieved new sales of RM231 million despite being hampered by the COVID-19 pandemic.

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Industry Players Expect Malaysia Property Market To Rebound In 2022

Market NewsshawnJul 29, 2021

With the vaccination programme in full force, the pandemic is forecasted to be under control by end-2021 before a robust recovery starts in 2022.

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Housing Developers Allowed To Operate Under National Recovery Plan Phase 1 And 2

Market NewsshawnJul 28, 2021

KPKT said the permission to operate applies to developers that are still active and have valid APDL under the Housing Development (Control and Licensing) Act 1996.

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E-Tanah System To Be Expanded To Other States

Market NewsshawnJul 28, 2021

The e-Tanah system is set to be fully developed by 2024 and will be expanded in Putrajaya, Labuan, Selangor, Pahang, Terengganu, Kedah, Johor, Kelantan and Perlis.

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Tropicana Celebrates 25 Years Of Successful Partnerships

Market NewsshawnJul 27, 2021

To date, Tropicana has joined forces with 11 corporations, completed over 45 successful joint venture projects with a total GDV of over RM13 billion over the course of 25 years.

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Malaysia’s Property Overhang Situation To Remain Stable

Market NewsshawnJul 27, 2021

An industry player said that the property overhang is not expected to increase substantially as most developers have responded well to the change in the market trend since 2015.

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Malls Look Forward To Becoming ‘Green Bubble’ Environment

Market NewsshawnJul 26, 2021

With malls becoming a “Green Bubble” environment, members of the public can visit them to seek relief after being cooped up for so long and for some mental health therapy and physical exercise, said six trade associations.

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Penang State Government To Build 20,912 Housing Units In Five Districts

Market NewsshawnJul 23, 2021

With these new housing units, the total house supply in Penang is expected to reach 220,000 units, including low-cost, low-medium and affordable ones by 2030.

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Second Phase Of Construction Worker Vaccination To Start On 5 August

Market NewsshawnJul 23, 2021

As of 20 July, 60.26% (24,106) of workers registered under the CIVac programme had been given their first dose of COVID-19 vaccine.

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Marriott International To Open New Hotels In KL and Johor This Year

Market NewsshawnJul 22, 2021

The American multinational hotel chain operator is set to open two new hotels – Fairfield Kuala Lumpur Jalan Pahang as well as Four Points by Sheraton Desaru in Johor – in the fourth quarter of 2021.

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UEM Sunrise's Popular Senadi Hills Double-Storey Terraced Homes Almost Fully Taken Up

Market NewsshawnJul 21, 2021

Since its launch last July, Phase 1A of Senadi Hills has recorded more than 85% in finalised sales while the later Phase 1B showed equal star power with a take-up rate of 75% after just several months.

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Fitch Affirms Malaysia’s “BBB+” Sovereign Rating With Stable Outlook

Market NewsshawnJul 21, 2021

The international credit rating agency said Malaysia’s economy is recovering gradually from last year’s 5.6% contraction caused by the COVID-19 pandemic.

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Bandar Malaysia Deal Fell Through The Second Time

Market NewsshawnJul 16, 2021

MoF and IWH-CREC Sdn Bhd have mutually agreed to terminate the deal for the latter to buy a 60% stake in the Bandar Malaysia project that is located in the former Air Force base in Sungai Besi for RM7.4 billion.

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AmInvestment Bank: Malaysia’s Property Market Shows Signs Of Improvement

Market NewsshawnJul 16, 2021

The investment bank noted that developers also showed willingness to sacrifice margin by focusing on the affordable housing segments in line with market demand.

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