Developers should consider consumers’ needs and current trends, to ensure the location, amenities and unit size are attractive to Malaysians by ANIS ZALANI THE growth of the Malaysian property market looks optimistic this year, despite the projection of slightly lower economic growth due to uncertainties in the external environment, says Deputy Finance Minister II Steven…
Read MoreKUALA LUMPUR (July 18): Titijaya Land Bhd is acquiring Menara TM Semarak in Kuala Lumpur from Menara ABS Bhd for RM72 million. In a bourse filing on Monday (July 17), Titijaya Land said its wholly-owned subsidiaries Titijaya PMC Sdn Bhd and Titijaya South Asia Sdn Bhd are buying the asset, comprising a 22-storey purpose-built office…
Read MoreKUALA LUMPUR (July 18): IJM Corp Bhd said its wholly-owned subsidiary IJM RE Sdn Bhd inked a joint-venture (JV) agreement with FMM Elmina Sdn Bhd to develop two logistics hubs in City of Elmina, Shah Alam. Both firms entered into a subscription and shareholders agreement (SHA) to establish a 50:50 special purpose vehicle (SPV) named…
Read MoreKUALA LUMPUR (July 18): King’s Park Development Sdn Bhd is on track to develop King’s Park, the first central business district (CBD) in Genting Highlands, in partnership with Yuk Tung Group and the Association for the Promotion of Higher Education in Malaysia. Leveraging the high tourist arrivals in Genting Highlands, King’s Park is a mixed…
Read MoreKUALA LUMPUR (July 18): MIDF Research remained neutral on the property sector, albeit with a positive bias, following the rebound in the number of loans applied for and approved in May, coupled with the unchanged overnight policy rate (OPR) of 3%. Loan applications for property purchases rose by 23% month-on-month (m-o-m) in May after a…
Read MoreKUALA LUMPUR (July 18): Prime Minister Datuk Seri Anwar Ibrahim has called on the Kuala Lumpur City Hall (DBKL) to immediately implement improvements to the Draft Kuala Lumpur Structure Plan 2040 (KLSP 2040) and gazette the document before the end of this year. Anwar, who chaired a briefing to hear and examine the report of…
Read MoreKUALA LUMPUR (July 18): IJM Land Bhd is looking to launch a new commercial hub, called Nexus, in Seremban 2 (S2) this quarter. The 21.41-acre commercial hub will have a gross development value of RM300 million. It has two phases, whereby the first phase consists of shop offices, while the other phase will be for future retail space. Phase 1 will have a total…
Read MoreMyCC chairman Hishamudin Yunus said talks with the Bar Council to dismantle the fixed conveyancing prices since 2015 had failed. PETALING JAYA: The Malaysia Competition Commission (MyCC) has expressed concern over the increase in conveyancing fees by the Solicitors’ Costs Committee under the newly enacted Solicitors’ Remuneration Order (SRO) 2023. MyCC chairman Hishamudin Yunus said…
Read MoreAnalysts are optimistic, expecting a positive outcome with increased buying activities, while staying cautious on a possible OPR hike before year-end by AUFA MARDHIAH THE first half of 2023 (1H23) witnessed the property market in a tight spot between buyers’ resistance towards higher prices and sellers’ struggle to sell in light of the poor economic…
Read MoreKUALA LUMPUR (July 13): Solarvest Holdings Bhd’s unit has signed an agreement to collaborate with Perbadanan Kemajuan Negeri Selangor to install residential solar solutions in the homes of the state development arm’s employees. In a statement on Thursday (July 13), the clean energy provider said its residential solar arm, Vestech Energy Sdn Bhd entered into…
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