News
60% of Malaysian Workers Will Struggle to Survive Beyond a Week
KUALA LUMPUR – About 60% of Malaysian workers will find it very challenging to survive for more than one week, let alone raise even RM1,000 in household expenses, if they suddenly lost their jobs due to the Covid-19 pandemic. This is based on a study by Bank Negara Malaysia (BNM)…
Alibaba Buys 50% of AXA Tower Office Building in Singapore
SINGAPORE – In the time of coronavirus pandemic uncertainty, Alibaba Group Holding has shown its confidence in property value by acquiring a 50% stake in AXA Tower, a 50-storey prime office tower in Singapore. The deal valued the property at SGD1.68 billion (USD1.2 billion). Lazada, Alibaba’s Southeast Asia e-commerce platform,…
Undervalued Properties During COVID-19: Opportunities or Risk?
PETALING JAYA – Property owners becoming more realistic on pricing during tough times and willing to reduce their asking price, for buyers who are eyeing for investment properties, now it’s time to do so, said Propnex Malaysia COO & principal Evon Heng. For buyers who are eyeing for investment properties,…
Jack Ma Donates COVID-19 Test Kits and Masks to Malaysia
Alibaba founder Jack Ma has donated COVID-19 test kits, face masks and protective gear sets to Malaysia, and other Southeast Asian nations brace for a domestic surge in coronavirus infections. The Jack Ma Foundation and Alibaba Foundation announced a joint donation of 2 million masks, 150,000 test kits, 20,000 sets…
Mah Sing Targets RM1.6 Billion for 2020
Mah Sing Group Bhd says there is rising interest for its product offerings from overseas buyers in view of Malaysia’s attractive unique value proposition as a destination for retirement and education purposes as well as real estate investments business. The developer plans to launch RM2.1 billion worth of new projects…
Shah Alam Turning Into a Ghost City??
This is what we think. Recently, there was an article about Shah Alam turning into a ghost city that received a lot of reactions. Many netizens commented, especially those who stayed for over 30 years in Shah Alam (like yours truly). We wanted to share a fairer view of Shah…
Blind Woman Bought Penang House in Cash
GEORGE TOWN – Born blind and abandoned at birth, Esah Hussin epitomises the adage that anything is possible with grit and determination. The telemarketing officer, 42, has just moved into her newly bought low-medium-cost apartment in Tanjung Tokong, Penang which she bought for RM72,500 in cash. She had saved the…
Beli ‘Jodoh’ Orang Lain
KLANG – Seperti jodoh, rezeki memiliki kediaman sendiri juga adakalanya tiba dalam keadaan tidak disangka. Ada yang bertahun-tahun mencari, tapi belum berjaya memiliki apa yang diidamkan, namun ada pula ‘bertemu jodoh’ walaupun pada asalnya ‘jodoh’ itu untuk orang lain. Selepas menyewa hampir enam tahun, impian Indra Suatau, 35 memiliki kediaman…
Malaysian Property Developers Are Not Optimistic
KELANA JAYA — Property developers in Malaysia are not optimistic about the sector’s outlook in 2H 2019 at least until the end of the year. Real Estate and Housing Developers’ Association (REHDA) is neutral on the market in the second half of 2019 but feels that things will get better…