LBS On Track To Meet Full Year RM1.5 Billion Sales Target

LBS continues to focus on quality townships and affordable housing developments.

Continue ReadingSep 11, 2019

Sunsuria Achieves Q3 Revenue Of RM97.49 Million

In the corresponding quarter a year earlier, Sunsuria posted a revenue of RM321.63 million and pre-tax profit of RM148.76 million.

Continue ReadingSep 10, 2019

MCA Seeks To Abolish RPGT For Properties Sold After Five Years

Party president Datuk Seri Dr Wee Ka Siong said those who inherited properties should not also be made liable for the RPGT if they want to dispose of them now.

Continue ReadingSep 10, 2019

Condominium Project Upsets Taman Wahyu Residents

Residents are afraid that the project would negatively affect the capacity of the pond to draw away water.

Continue ReadingSep 5, 2019

Influx Of Hong Kong Buyers Not To Affect Property Prices

There is a huge glut of homes in the country, and Hong Kongers are purchasing only a small fraction of this glut. It will not affect the overall oversupply situation in the residential market.

Continue ReadingSep 4, 2019

Meet Affordable Housing Quota Or Face Punitive Action

The state government explained that any development projects approved by its local councils, such as the Petaling Jaya City Council or the Shah Alam City Council, are mandated to prioritise the construction of affordable housing units.

Continue ReadingSep 4, 2019

Government To Acquire Highland Towers Site For Redevelopment

The Highland Towers’ site, along with the adjoining two blocks, will be redeveloped into a recreational park having 50 bungalows, reported Free Malaysia today.

Continue ReadingSep 3, 2019

Affordable Housing A Shared Responsibility, Bank Negara Governor Says

“There are three components which make up the biggest proportion of the cost, namely land, construction and infrastructure,” she said in an interview with Bernama.

Continue ReadingAug 30, 2019

Controversial Penang Tunnel Project To Start By End-October

The project will consist of a tolled tunnel and three toll-free roads. Its first phase is the 5.7-km Ayer Itam-Lebuhraya Tun Dr Lim Chong Eu bypass, costing around RM1.07 billion.

Continue ReadingAug 29, 2019

New Home Loan Schemes Could Be Detrimental To Masses

Dr Carmelo Ferlito, senior fellow at Institute for Democracy and Economic Affairs, believes the schemes would keep house prices on the higher spectrum and that the added credit is “dangerous at two levels”.

Continue ReadingAug 28, 2019

Nilai To Have An ECRL Station?

This comes after proposal to include a station there was flouted during a meeting between Malaysia Rail Link Sdn Bhd (MRL) and the State Government, said Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun.

Continue ReadingAug 27, 2019

K Residence Developer Brought To Court For Failure To Establish JMB

Widely known as Duta Yap, Yap is a director at Olympia Industries Bhd which fully owns KL Landmark.

Continue ReadingAug 27, 2019

Construction Sector To Boost Investment In H2 2019

With the construction sector expected to be busier in H2 2019, it would lead to spillover effects on the transportation and storage subsector which are under the services sector.

Continue ReadingAug 26, 2019

Housing Loan Approvals To Increase 20% With BNM’s Expanded Loan Criteria

“But it also depends on the individual or household financial position.”

Continue ReadingAug 23, 2019

Hong Kong Protests Open Investment Opportunities For Penang

“In light of the problems in Hong Kong, we may see more businesses moving into Penang,” he said.

Continue ReadingAug 22, 2019

BNM Expands Eligibility Criteria For Affordable Home Fund

The maximum price for the property was also increased from RM150,000 to RM300,000, in line with the National Affordable Housing Policy’s definition of affordable homes.

Continue ReadingAug 22, 2019

Experts Advise Against Renting Houses Online

In fact, an industry player has warned that renting houses online may lead to would-be tenants paying extra fees.

Continue ReadingAug 21, 2019

Extend Home Ownership Incentives To Secondary Market Also, MIEA

This comes as some first-time buyers prefer to purchase property from the secondary market due to its immediate availability and location.

Continue ReadingAug 21, 2019

Mah Sing Group Sees Big Opportunity In Hong Kong

Mah Sing CEO Datuk Ho Hon Sang said Hong Kong investors showed “renewed interest” for Malaysian properties for retirement or as second home.

Continue ReadingAug 20, 2019

Redevelopment Plan For MCA Headquarters Revised Again

Nestled on a freehold land measuring 4,955 sq m or 53,335 sq ft, Wisma MCA was registered in 1983 under the name of MCA.

Continue ReadingAug 20, 2019