News List

All foreigners can buy unsold luxury homes, reiterates Zuraida

KUALA LUMPUR, Sept 23 -- Zuraida Kamaruddin has reiterated that the Malaysia My Second Home (MM2H) Programme for unsold luxury homes encompasses all foreign buyers and is not confined to purchasers from China.

Property sector records higher transactions of RM68.30 bln in 1H 19

KAJANG, Sept 23 -- The property sector recorded 160,172 transactions worth RM68.30 billion in the first half of this year, 6.9 per cent higher in terms of volume and 0.8 per cent higher in value over the same period last year, the Ministry of Finance (MoF) said.

Work with religious councils to develop endowment land, developers told

BUTTERWORTH, Sept 21  -- The government wants more developers to work with state Islamic religious councils to commercially develop endowment land to benefit Muslims especially low income earners to own homes.

Sunway secures prime land in Bukit Jalil via Sterling Paradise aqcuisition

KUALA LUMPUR, Sept 20 -- Sunway Bhd’s unit, Sunway City Sdn Bhd is buying Sterling Paradise Sdn Bhd (SPSB) for RM15 million with the rights to 4.77 hectares of prime freehold land in Bukit Jalil.

No granting of citizenship for foreign home buyers under MM2H - Dr Wan Azizah

KUALA LUMPUR, Sept 20  -- The government gives its assurance that citizenship will not be granted to foreigners who buy unsold luxury homes through the Malaysia My Second Home (MM2H) programme.

L&G to launch RM615 mln GDV developments next year

KUALA LUMPUR, Sept 18 -- Land & General Bhd (L&G) is planning to launch development projects with a combined gross development value (GDV) of RM615 million next year.

Glomac to launch RM903 mln properties in second half of FY20

Glomac Bhd targets to accelerate the pace of new launches in the second half of this financial year ending April 30, 2020 (FY20) featuring a diverse range of products with a total estimated gross development value (GDV) of RM903.0 million. 

Putrajaya aims to organise HOC to attract Chinese house buyers

KUALA LUMPUR, Sept 11 -- Putrajaya is looking at organising a Home Ownership Campaign (HOC) either in China or Hong Kong, to attract Chinese buyers to come and invest in the local property market, which is cheaper by comparison, said Housing and Local Government Minister, Zuraida Kamaruddin. 

Govt to develop more smart city residential projects under 12th MP - Zuraida

KUALA LUMPUR, Sept 11 -- The government will develop more smart city residential projects under the 12th Malaysia Plan, in a bid to make Kuala Lumpur and other cities in the country to be at par with smart cities in developed nations, said Housing and Local Government minister Zuraida Kamaruddin. 

Change property policy to attract buyers, urges Jeffrey Cheah

KUALA LUMPUR, Sept 7 -- In a bid to attract more property buyers, especially foreigners, certain changes in policy are needed, says Sunway Group founder and chairman Tan Sri Jeffrey Cheah.