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KPKT Approves RM6.3 Million Fund For Kuala Langat Development

Market News • shawn • Apr 19, 2021

The old system needs to be streamlined and upgraded so that it can match with the development that will take place with the coming of new investors to the area, said KPKT Minister Zuraida.

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Interest In Local Residential Investment Remains Resilient

Market News • shawn • Apr 16, 2021

The trend is backed by wealth growth within Malaysia, with the country registering an increase of 8% from 2015 to 2020, according to a property consultancy firm in Malaysia.

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Tropicana Builds Flood Mitigation System In Johor

Market News • shawn • Apr 16, 2021

After thorough checking, the system is ready to be handed over to the local authority, Majlis Bandaraya Johor Bahru.

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BNM, Banks Urged To Set Up A Department That Look Into Housing Loan Defaults

Market News • shawn • Apr 15, 2021

Industry expert has urged banks to explore all possibilities to help borrowers – who had not defaulted before – overcome their financial troubles.

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Setia Eco Templer Interchange To Benefit Up To 20,000 Residents

Market News • shawn • Apr 15, 2021

Setia Eco Templer Interchange with its starting point from Persiaran Eco Templer measures at 450m, providing road users a shorter route to Jalan Rawang.

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Tender For MRT3 To Open In August 2021 â MRT Corp

Tender For MRT3 To Open In August 2021 – MRT Corp

Market News • shawn • Apr 14, 2021

On the project cost, MRT Corp described the latest media reports as “not far off”. Analysts believes the cost of the project range from RM20 billion to about RM30 billion.

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NAPIC Expects Property Market To Rebound In H2 2021

Market News • shawn • Apr 13, 2021

Kenanga Research, however, noted that while property sales may rebound this year, it does not expect the recovery to reach pre-pandemic levels.

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KPKT: Housing Development Act To Be Amended To Help Buyers Of Abandoned Projects

Market News • shawn • Apr 12, 2021

According to KPKT Minister Zuraida, the ministry will establish a fund, in which developers are mandated to allocate a certain amount before they would be allowed to develop a housing project.

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Tropicana Partners With Raffles American School and University

Tropicana Partners With Raffles American School & University

Market News • shawn • Apr 12, 2021

This collaboration offers local and international property purchasers in Johor an exclusive rebate, up to 20% of one-year school fees, when they enrol their child in the Raffles University and 5% for Raffles American School.

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Despite the weak sentiments on the property market, Bursa Malaysia’s Property Index climbed to a one-year high of 788.15 points on Wednesday (7 April). The property index has been registering steady gains since end-March, inching up 4.5% or 33.88 points from 754.27 points on 31 March as majority of its constituents posted share price gains, reported The Malaysian Reserve (TMR). Year-to-date, the index has increased 8% or 61.5 points. Loui Low, Head of Research at Malacca Securities Sdn Bhd, attributed the gains on expectations of a pent-up demand for homes and to increased buying from households having extra cash to spend. “There are still a lot of home-buyers and if developers can give extra rebates to bring home prices down further, we will see more properties being purchased,” Low told TMR. “Another catalyst could be that some households may have managed to save some cash as they stayed at home for a significant portion of last year. The savings could be enough to pay for a down payment for those looking to buy a home,” he said. “That could be the narrative over the next few quarters with travel restrictions likely to remain in place.” Names such as Eco World Development Group Bhd, Bina Darulaman Bhd, SP Setia Bhd, Sentoria Group Bhd, LBS Bina Group Bhd, Sime Darby Property Bhd and Guocoland (M) Bhd have attracted investors interest. EcoWorld, for instance, saw its shares climb 50% year-to-date to close at 72 sen on Wednesday (7 April) from 24 sen on 4 January. SP Setia’s shares rose 23.7% year-to-date to a one-year high of RM1.20, while LBS Bina gained 34% year-to-date to as high as 55 sen before ending at 54 sen. GuocoLand and Lagenda Properties Bhd climbed 32% and 28% year-to-date to 82 sen and RM1.65, respectively. Dr Carmelo Ferlito, CEO of Centre for Market Education, attributed the share price gain to optimism on Malaysia’s vaccination rollout programme. According to him, the property stocks benefit from the positive momentum generated by vaccine rollout and growing expectations of economic recovery. “We do not have the first quarter’s property data yet, but if we look at 2020, it was obviously a weak year for the market, with a decline in transaction volume and value,” he told TMR. “I believe that these stocks are purely benefitting from the general market mood and positive expectations about the future.” Ferlito noted that it could be misleading to view property stocks outside of a more general context considering that negative sentiment continue to linger. Data from the Valuation and Property Services Department showed that the property market’s performance significantly declined in 2020, dropping 9.9% year-on-year in volume and 15.8% in value. Based on its 2020 report, Malaysia registered 295,958 property transactions last year, with a total value of RM119.8 billion. The residential property sector saw transaction volume and value decline 8.6% and 9% to 191,350 transactions and RM65.86 billion. The commercial property sector also saw transaction volume drop 21% to 20,255, while transaction value fell 32.6% to RM19.53 billion.

Bursa Malaysia’s Property Index Hit One-Year High Despite Weak Market Sentiment

Market News • shawn • Apr 9, 2021

EcoWorld, for instance, saw its shares climb 50% year-to-date to close at 72 sen on Wednesday (7 April) from 24 sen on 4 January.

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UEM Sunrise Adds To The Dutamas Skyline With A Successful Topping Out Ceremony Of The Residensi Solaris Parq

Market News • shawn • Apr 9, 2021

With a starting price of RM948,800, Residensi Solaris Parq is just a few units away from being fully taken and is targeted for completion in Q2 2022.

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PropertyGuru Asia Property Awards Appoints Global Advisory And Accounting Network HLB As Official Supervisor

Market News • shawn • Apr 9, 2021

Through this partnership, HLB will help strengthen the 16-year-old awards programme’s reputation as the ‘Gold Standard’ in real estate in the Asia Pacific region.

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Sime Darby Property’s Elmina Green Four Homes Swept Up In Two Minutes

Market News • shawn • Apr 8, 2021

During the early bird online booking on 26 March, 98 units of Phase 1, with starting prices of RM778,888 before rebates, were fully taken up within just two minutes.

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Shopping Malls’ Occupancy Rate Drops To 17-Year Low In 2020

Market News • shawn • Apr 8, 2021

As at end-2020, there were 1,050 shopping complexes in Malaysia, with total retail space of 16.85 million sq m. Of these, 556 were shopping centres with a total retail area of 12.61 million sq m.

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Tropicana Freedom Campaign Offers Completed Units At Big Savings

Tropicana’s Freedom Campaign Offers Completed Units At Big Savings

Market News • shawn • Apr 7, 2021

The campaign features zero down payment, up to 50% rebates, 100% financing with HouzKEY by Maybank Islamic, and up to 10 years of free maintenance, amongst others.

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