KUALA LUMPUR — Vizione Holdings Bhd is buying the entire stake in a property developer company that is jointly developing a block of serviced apartments called ‘The 216 Residences’ which carry an estimated gross development value of RM111.3 million, on a leasehold commercial plot located at Jalan Kuchai Lama here.…
KUALA LUMPUR — SkyWorld CEO Datuk Ng Thien Phing believes that government assistance to reduce costs of construction would be helpful to create more affordable homes for the rakyat. He mentioned that reduction in terms of land cost, authority charges such as stamp duty, land premium charges, lease extension, authority…
Petaling Jaya — Majlis Perbandaran Petaling Jaya (MBPJ) enforcement officers raided 500 homes in Bandar Sri Damansara belonging to people who owe RM1.1 million in unpaid assessments. The officers raided terraced houses, medium and luxury condominiums and confiscated goods on Feb 16 to recover the arrears which date back from…
After a tough couple of years for Mah Sing Group Bhd, their 2018 full-year revenue and net income are forecast to be at a 5-year low, at best. Group managing director Tan Sri Leong Hoy Kum, however, sees the decline in annual property sales stabilising this year. “At the very…
PETALING JAYA — The stamp duties on property sales and purchase agreements (SPA) for properties priced up to RM1 million and for loan agreements of up to RM2.5 million that come under the National Home Ownership Campaign 2019 (HOC 2019) will be waived, Finance Minister Lim Guan Eng announced today.…
KUALA LUMPUR — The number of unsold homes in Malaysia has more than doubled, reaching a new high of 30,115 homes as at the third quarter of 2018 (3Q18). According to the National Property Information Centre (NAPIC), as of 3Q18, 30,115 unsold homes amounted to RM19.54 billion, a year-on-year increase…
KUALA LUMPUR — Real Estate & Housing Developers’ Association Malaysia (Rehda) president Datuk Soam Heng Choon said the property mantra of location, location, location no longer holds true these days, having overtaken by location, pricing and type. He said this while addressing the media at the launch of Bank Negara…
KUALA LUMPUR — Tycoon Tan Sri Danny Tan Chee Sing, founder and major shareholder of Tropicana Corp Bhd with a 63.56% stake, is back at the helm of the property developer as executive vice chairman after a three-and-a-half-year hiatus. Tan, 62, had announced his retirement from the day-to-day management of…
PETALING JAYA — IJM Land Bhd and Amona Development have joined hands to support the government’s initiative, Rumah Mampu Milik Wilayah Persekutuan (RUMAWIP) by developing Suria Pantai, a housing project with an affordable price of RM275,000. According to IJM Land Bhd senior general manager Datuk Hoo Kim See, Suria Pantai…
KUALA LUMPUR — Bank employees will soon enjoy 0% interest in their housing loans for the first RM100,000. All member banks under the Malayan Commercial Banks’ Association (MCBA) have agreed to grant the benefit, effective April 1. The benefit was offered in the new collective agreement (CA) inked by MCBA…
