(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 MoreDue to the Covid-19 pandemic and the ensuing Movement Control Order (MCO), LBS Bina Group Bhd (LBS) has revised its 2020 sales target to RM1 billion from the previously set figure of RM1.6 billion.According to its managing director Tan Sri Lim Hock San (pictured), the company remains bullish nevertheless. “We revised the target back in…
Read MoreHomebuyers are being persuaded by developers to take on heavy debt to purchase multiple properties. (Rawpixel pic) Loan compression, or multiple financing, can put an individual in a negative cycle of debt as it impacts one’s ability to repay the loans. Loan compression is when an individual applies for several home loans simultaneously from various…
Read MoreKL Eco City has been coming up almost unnoticed next to Mid Valley Megamall. (Property Advisor pic) In recent years, many residential areas have been redeveloped into commercial, corporate and mixed-use locations, especially in Kuala Lumpur, where the central business location continues to swell. One such locality is KL Eco City (KLEC), which was formerly…
Read MorePETALING JAYA (July 21): Sime Darby Property Bhd’s Elmina Green Three homes have seen a total of 283 units worth RM250 million snapped up by interested buyers since the project previewed in early June. In a press statement today, the company said all 218 units of phase one in Elmina Green Three homes and 65…
Read MoreAmInvestment Bank Bhd (Ambank) maintained its “neutral” view on the property sector as its outlook for the next 12 months remains challenging due to the onset of the Covid-19 pandemic and the resulting Movement Control Order (MCO) to control its spread that has halted economic activities for almost two months. According to its analyst Thong…
Read MoreMatrix Concepts Holdings Bhd is unfazed by the prevailing market conditions and is “confident” about surpassing its sales target of RM1.1 billion for the financial year ending March 2021 (FY2021), reported The Edge Malaysia. “We are confident that we can surpass or at least meet the target,” Matrix Concepts founder and deputy executive chairman Datuk…
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