AmInvestment Bank Research has maintained its “neutral” rating of the property sector, saying the circumstances would remain challenging in the next 12 months. In a sector report today, AmInvestment analyst Thong Pak Leng said even with most developers having achieved new sales targets, sales were down about 22% in the cumulative first nine months of…
Read MoreThe Rent-to-Own is scheme is targeted at the B40 and M40 groups. (Rawpixel pic) Under Budget 2021, it was announced that the government would work with selected financial institutions to provide a Rent-to-Own (RTO) scheme for 5,000 PR1MA homes at a total value of RM1 billion, especially for first-time homebuyers. The proposed scheme has exempted…
Read MoreIt has been a tough year for most sectors and it was no different for the property market. With 2021 dawning, many are hoping for better time ahead but property experts “remain uncertain when it will happen”, wrote The Edge Malaysia. “Market conditions were, and still are, uncertain. Buyers and sellers know that sentiment is…
Read MoreAmInvestment Bank Bhd said today it has upgraded the Malaysia real estate investment trust (REIT) sector to “overweight” from “neutral” as the research firm believes the worst is over for the industry, which has contended with the impact of Covid-19-driven restricted movement policies. In a note today, AmInvestment analysts wrote that for the next 12…
Read MoreMalaysia’s economy is expected to continue its journey towards recovery in the early months of 2021, according to the Department of Statistics Malaysia (DoSM). Citing the recent the Asian Development Bank (ADB) economic report, chief statistician Datuk Seri Dr. Mohd Uzir Mahidin said Malaysia’s gross domestic product (GDP) is projected to fall by 6% this year before bouncing back to 7% in…
Read MoreThe Valley @ SkySierra, Setiawangsa is a new offering by SkyWorld Development Sdn Bhd (SkyWorld) targeted to those looking for an affordable property option, located a stone’s throw away from Kuala Lumpur City Centre (KLCC). The Valleys will occupy a 4.66-acre plot of leasehold land presented across three different towers of varying heights, with the…
Read MoreInvesting in property is a reliable way to generate income and diversify your portfolio. (Rawpixel pic) Property investment is generally considered one of the most effective and reliable ways to generate income. It is also a good way to diversify your portfolio as property investment offers many other benefits, including cash flow, tax advantages, leverage…
Read MoreCertain buildings in the Klang Valley are making full use of the value they can offer tenants. (Jorge Láscar pic) All types of businesses are weathering the impact Covid-19 left on their business. The retail sectors of e-commerce, B2B, B2C and brick-and-mortar brands are among the notable casualties as people adapt to the new norm…
Read MoreSime Darby Property Bhd posted its second straight quarterly loss in its results for the third quarter ended Sept 30, 2020 (3QFY20) as it took a RM337.1 million impairment charge for its 40% share of the Battersea Power Station project in London, the UK after the Covid-19 pandemic impacted the delivery of the project. It…
Read MoreBerjaya Land Bhd has managed to narrow its losses by 69.4% to RM41.88 million for its first financial quarter ended Sept 30, 2020 (1QFY21), compared to a loss of RM136.77 million in the immediate preceding quarter as the group’s business segments resumed operations following the lifting of movement restrictions in the country. Loss per share…
Read More
