A vacancy tax can prevent the oversupply of certain types of properties by encouraging developers to ensure projects meet local demand. PETALING JAYA: Unsold units have blighted the nation’s property sector for many years, with blame for the glut of unwanted properties in the market attributed – rightly or wrongly – to developers who, swayed…
Read MoreKUALA LUMPUR (July 21): Chin Hin Group Property Bhd (CHGP) is collaboratting with AFFIN BANK to offer the AFFIN Home Step Fast/i home financing solutions to homebuyers. Accoring to a media release by CHGP, AFFIN Home Step Fast/i provides homebuyers with the flexibility of low monthly repayments by only servicing the interest for the first…
Read MoreMichael (second left) and M Ryann (second right) holding the signed documents while flanked by Audrey (left) and Rainie (right). PETALING JAYA: MRT Group Bhd, via its subsidiary TST Land Sdn Bhd, has acquired 12.82 acres of industrial land in Rawang for a cash consideration of RM24mil. Located at Rawang Perdana, the freehold parcel is…
Read MoreKUALA LUMPUR (July 21): The recent hike in conveyancing legal fees will result in a rise in the cost of purchasing a house, said Real Estate and Housing Developers’ Association Malaysia (Rehda). Rehda president Datuk N K Tong (pictured) told Berita Harian that the increased fees will mean buyers have to bear the increased cost…
Read MoreKUALA LUMPUR (July 20): Gamuda Bhd’s property arm Gamuda Land has entered into an agreement to acquire a 9.1-acre site in Thu Duc City in Ho Chi Minh City (HCMC), Vietnam, for approximately US$315.8 million (RM1.47 billion). In a filing to Bursa Malaysia on Thursday (July 20), the company said this mixed-use development site has…
Read MoreGamuda Land has four projects in Vietnam, namely Gamuda City in Hanoi, Celadon City and Elysian in Ho Chi Minh City, and Artisan Park in Binh Duong, outside of Ho Chi Minh City. (Gamuda pic) PETALING JAYA: Gamuda Bhd’s property arm, Gamuda Land Sdn Bhd, is acquiring a 100% stake in Tam Luc Real Estate…
Read MoreKUALA LUMPUR (July 20): Suria KLCC Sdn Bhd, a retail asset management group, has commenced a major redevelopment of Alamanda Shopping Centre in Putrajaya. The project, which commenced on June 20 this year, is expected to complete in the fourth quarter of 2024. This is the shopping centre’s first major redevelopment project since its launch…
Read MoreKUALA LUMPUR (July 20): Property Developer UEM Sunrise Bhd piqued investor interest as its share price reached a two-year high and its shares were traded actively on Bursa Malaysia in the morning session on Thursday (July 20). At the time of writing, its share price rose 2.5 sen or 6.41% to 41.5 sen, after its…
Read MoreThe government’s move to expand the affordable housing programme in the federal capital is seen as providing more opportunities for home ownership, especially among the young generation. A senior lecturer in Real Estate, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, Dr Shazmin Shareena Ab Azis said home ownership is important in creating a more stable…
Read MoreThe riverfront in the Melaka Old Town is an example of a successful urban regeneration project. The progress of urban revitalisation remains slow By Yanika Liew As the modern way of life continues to change and adapt, older buildings and districts are slowly edging towards disuse, unable to keep up to former glory. But these…
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