SUNWAY property unit buys land in Rawang for RM115 mln
KUALA LUMPUR: Sunway Bhd’s property arm Sunway Property, through its wholly owned subsidiary Sunway Rawang City Sdn Bhd (SRCSB), has signed an agreement to acquire 99.15 hectares at Kuang, Rawang from Kauthar Equities Sdn Bhd for RM115 million. The acquisition and proposed development of the land will be carried out via a joint venture between […]
Dubai housing prices soar at fastest rate since 2014
DUBAI: Dubai’s average residential property prices in the year through June increased by 16.9 per cent, the fastest growth in almost a decade, according to a report issued by property consultancy CBRE on Tuesday. Apartments and villas in Dubai, the major commercial hub in the United Arab Emirates, averaged 1,294 dirhams (US$352.3) and 1,525 dirhams […]
Govt urged to extend stamp duty exemption for RM500,001 TO RM1 mln properties to end-2025
KUALA LUMPUR: The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) hopes the government will extend the stamp duty exemption period for property priced between RM500,001 and RM1 million to end-2025 from end-2023 when tabling Budget 2024. This will standardise the stamp duty exemption period for properties worth RM500,000 and below, which is […]
Developers look to govt for way out of conundrum
By Gabriel Lihan & Noor Syahhira Hady KUCHING: Sarawak Housing and Real Estate Developers’ Association (SHEDA) is banking on the State government to help elevate the property market in Sarawak. The COVID-19 pandemic has caused disruptions to all sectors of the economy and the real estate and property market is no exception. However, the State […]
Needing help to revitalise property market
KUCHING: Sarawak Housing and Real Estate Developers Association (SHEDA) seeks help from the state government to further assist in invigorating the property market in Sarawak. SHEDA has urged the state government to decelerate the existing pace of OPR levels until the price of commodities stabilises and the availability of foreign labour returns to normal. Furthermore, […]
Potential home buyers await economic stability
KUALA LUMPUR: PropertyGuru Malaysia yesterday announced that its Malaysia Property Market Report (MPMR) Q1 2022, powered by PropertyGuru DataSense, registered a substantial increase in the Rental Demand Index in Q4 2021, with a hike of 30.53 per cent quarter-on-quarter (QoQ) and 57.91 per cent year-on-year (YoY). The Rental Demand Index, which represents the proportion of […]
Anjung Usahawan a boon to traders and buyers alike
BALINGIAN: Farmers here and its surrounding areas will now find it easier to market their produce, thanks to the Anjung Usahawan Balingian, which started operations last Sunday (June 27). With more than 50 stalls, this building is not only a boon to the farmers, most of whom come from Kuala Tatau, Kuala Balingian, Balingian and […]
Smart area boon for property demand
KUCHING: Incorporating different technologies to build a smart city provides a much livable and safer city for residents and tourists. For a developer to build properties in a council area that uses smart city technologies in its administration and management will likely see a better demand of the property in the smart areas. Smart city […]
Right time to buy home now
KUCHING: Now is the time to purchase properties, said Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching branch chairman Datuk Sim Kiang Chiok. “Interest rates are now at a historic low and buying a house will save the purchasers much interest cost. This may be a once-in-a-lifetime opportunity that will not repeat itself again. […]
The worst is over for Malaysia’s property
KUALA LUMPUR: The worst is over for Malaysia’s property, with major impairment on unsold inventories having been mostly done over the last nine months. Maybank Investment Bank Bhd (Maybank IB) said hence, positioning the sector for recovery is in line with better economic outlook in 2021. “In our view, the undemanding sector valuations of 0.4xPBV/0.3x […]
