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

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

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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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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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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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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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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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