Airbnb wants to resolve the contention surrounding the 90- to 180-day restriction on short term rentals with Malaysia Productivity Corp (MPC) and the Ministry of Tourism, Arts and Culture. Industry players have complained that red tape for short-term rentals have been restrictive to economic activity when hosting tourists. While Airbnb has yet to arrive at…
Read MoreNational initiatives to ease the burden of the COVID-19 outbreak, while stimulating property sentiment, have been well received by home seekers, according to the PropertyGuru Malaysia Consumer Sentiment Study second half (2H) 2020. The study showed that Malaysians were mostly satisfied with Bank Negara Malaysia’s (BNM’s) six-month financing moratorium, as reported by the majority (39 per…
Read MoreDespite lacklustre market, Platinum Victory’s Vista Sentul apartment and Vista Danau Kota have received good response with 60% and 70% of the units snapped up after launch. Located in the matured neighbourhood of Sentul, Kuala Lumpur, Vista Sentul has gained a 60% take-up rate since its soft launch during the Conditional Movement Control Order (CMCO)….
Read MorePrices of residential units are being inflated in order to entice homebuyers with cashback offers. Real estate players are calling on the government to take drastic steps to control the issue of house price inflation caused by those who offer cashback schemes to home buyers. The Association of Valuers, Property Managers, Estate Agents and Property…
Read MoreWill there be a “surge” in market interest for properties with the current low interest rates and “wealth effect” from the stock market? This is the question posed by The Edge Malaysia in its latest issue. “Property investment is considered a natural hedge against inflation that can help investors preserve capital, soften the effects of…
Read MoreA property consultant is of the view that the authorities should not set a ceiling on rental rates, FMT reported today. “The government should not be interfering with market mechanisms except in the case of houses that come under the low cost and affordable categories,” Henry Butcher CEO Tang Chee Meng was reported saying by…
Read MoreProperty developer S P Setia will be launching its double-storey terraced homes called Aria in its Alam Impian township, Shah Alam this weekend. Targeting young professionals to retirees based in the Klang Valley, S P Setia Bhd executive vice-president Datuk Zaini Yusoff said Aria will be offering 78 units of double-storey terraced houses that come…
Read MoreThe 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…
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