The Malaysia My Second Home (MM2H) programme is temporarily frozen to enable the Ministry of Tourism, Arts and Culture (MOTAC) to comprehensively restudy and reevaluate it. According to a statement from the ministry today, the move is also in line with the government’s decision of still not allowing the entry of foreign nationals into this…
Read MoreA house buyers’ group says landlords should retain the right to refuse tenants. Putrajaya has been cautioned against restricting the rights of landlords in a new law which is aimed at preventing racial discrimination in the property market. The National House Buyers Association (HBA) said the proposed Residential Tenancy Act which the government intends to…
Read MoreSet out with the aim of revolutionising the property industry by using technology, IOI Property has recently conducted a hackathon for young programmers to test their ideas and innovation. IOI Properties chief sales and marketing officer Jason Tie said digitalisation efforts are inevitably changing the business model. “Even the traditional property industry is forced to…
Read MoreA law, which among others aims to address issues of racial discrimination in the property market, would be tabled in Parliament early next year, says Zuraida Kamaruddin. Bernama quoted the Housing and Local Government Minister as saying that the law, known as the Residential Tenancy Act (RTA), was still being drafted and is expected to…
Read MoreProperty developer Mah Sing Group Bhd is exploring new growth opportunities in healthcare through its plastics manufacturing arm Mah Sing Plastics Industries Sdn Bhd (MSPI). Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said in recent years, MSPI had cultivated methods to process recycled plastics into quality pallets to be more environmentally…
Read MoreThe announcement of the moratorium extension and loan repayment flexibility will mitigate forced or panic selling that could further distress the property market and restore certainty in terms of value for both the secondary market and the value of property in general, said CBRE|WTW managing director Foo Gee Jen. “Coupled with the downward revisions of…
Read More(City Hall) DBKL has plans to build up to 8,000 low cost homes in the future. According to a report by the Malay Mail, the building programme will involve 5,000 low-cost homes for sale under the Rumah Residensi Prihatin scheme, 2,000 units of council homes and 1,000 units of micro-homes for rent, revealed Federal Territories…
Read MoreMIDF Research has upgraded the property sector to “positive” (from “neutral”) and said new property sales outlook will improve gradually in the second half of calendar year 2020 (2HCY20) due to the National Economic Recovery Plan (Penjana) incentives. The research house noted the incentives include reintroduction of Home Ownership Campaign (HOC) for residential properties from…
Read MoreDespite government incentives in economic packages and economic recovery plans, Nawawi Tie Leung Property Consultants anticipated that more residential properties are expected to be offloaded in the market as loan moratorium period ceases in end-September. In its 2Q2020 market report entitled “Investors remain vigilant in the midst of Economic Recovery Plan”, the consultancy firm reckoned…
Read MoreDespite office rents generally remaining stable, the resizing measures taken by some companies due to Covid-19 pandemic are likely to result in downward pressure on rentals and occupancy rates in the short-term, said Nawawi Tie Leung Property Consultants. In its 2Q2020 market report entitled “Investors remain vigilant in the midst of Economic Recovery Plan”, the…
Read More
