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

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.

Continue ReadingJul 23, 2021

Second Phase Of Construction Worker Vaccination To Start On 5 August

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.

Continue ReadingJul 23, 2021

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

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.

Continue ReadingJul 22, 2021

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

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.

Continue ReadingJul 21, 2021

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

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.

Continue ReadingJul 21, 2021

Bandar Malaysia Deal Fell Through The Second Time

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.

Continue ReadingJul 16, 2021

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

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

Continue ReadingJul 16, 2021

Over 160,000 Malaysians Have Rallied And Helped One Deserving Malaysian To Win A Free Home!

With over 160,000 votes and over 4.5 million video views, Malaysians gathered together and voted for the most deserving home seeker under PropertyGuru's Home Giveaway initiative.

Continue ReadingJul 16, 2021

MAHB: Subang Airport Terminal 2 To Become State-Of-The-Art Hangarage

The Terminal 2 will be redeveloped into hangarages to accommodate the expansion and relocation of the airport’s existing business aviation operator-tenants, according to MAHB.

Continue ReadingJul 15, 2021

Outlook For Malaysia’s Housing Market Remain Subdued

While the Home Ownership Campaign has been extended to 31 December 2021, the continual movement restrictions has hampered productivity as well as impacted sales and earnings for most developers under its coverage, according to Kenanga Research.

Continue ReadingJul 15, 2021

Malaysia Launches Low-Carbon Cities Master Plan

The Low Carbon Cities Catalyst Grant (GeRAK), which amounts to RM35 million, has also been launched to help local authorities implement their high-impact low-carbon cities initiative.

Continue ReadingJul 14, 2021

Malaysia To Lower 2021 GDP Growth Forecast, Likely Close To 4%

The Malaysian government has already indicated plans to revise the outlook, which currently stands at 6% to 7.5%, in August 2021.

Continue ReadingJul 13, 2021

No Advertisement Placed By KPKT On MyHome, MyDeposit and Housing Loan Scheme

The ministry made the statement after it received complaints and enquiries regarding an alleged advertisement on affordable homes that had purportedly become viral.

Continue ReadingJul 13, 2021

Workers’ Quarters Within Low-Cost Housing To Be Banned Under KPKT’s New Guidelines

KPKT revealed that the draft guidelines will be presented at a meeting of the National Council for Local Government on 13 July.

Continue ReadingJul 12, 2021

Economists: BNM Keeps OPR Unchanged At 1.75% To Give Stimulus Packages Time To Make Impact

BNM slashed the OPR by a total of 125 basis points in 2020, a move that is expected to take at least 12 to 15 months for it to make an impact on the economy, according to an economist.

Continue ReadingJul 9, 2021

SPNB To Focus On Affordable Homes And Launch 3 Projects In 2021

SPNB's planned launches this year is located in KL, Terengganu and Sabah, all of which will be targeted at the B40 income group.

Continue ReadingJul 8, 2021

Opening Of MRT Putrajaya Line Phase 1 Moved To November

The section between Kampung Batu and Kwasa Damansara is 99% complete while construction works at MRT Putrajaya Line is progressing well, passing the 90% overall completion mark, according to MRP Corp.

Continue ReadingJul 8, 2021

188 Construction Sites Ordered To Close For Breaching COVID-19 SOP

Sarawak saw 56 construction sites ordered to close, Selangor 42, Melaka 15, while Penang, Sabah and Kuala Lumpur had 11 each closed, according to CIDB.

Continue ReadingJul 7, 2021

Impiana Residences Cherating Lets You Invest In The Coastal Resort Living Dream

With a host of impressive features in mind, Impiana Cherating Sdn Bhd sets out to redefine its prestige with a virtually untapped wellness-centric niche: Coastal luxury living.

Continue ReadingJul 7, 2021

Nomura Revises GDP Growth Forecast For Malaysia In 2021 Down To 4.4%

Nomura also expects BNM to lower the OPR by 25 basis points to a new low of 1.5% in the upcoming Monetary Policy Committee meeting.

Continue ReadingJul 6, 2021