News List

Cloudy future of affordable housing for youth

By Aishah Afandi & Rosemarie Khoo

KUALA LUMPUR, July 16 (Bernama) -- One of the major problems faced by young Malaysians, especially those below the age of 30, is the availability of affordable housing.

Scientex to build 50,000 affordable houses by 2028

KUALA LUMPUR, July 15 (Bernama) -- Property developer Scientex Bhd aims to build 50,000 affordably-priced quality homes throughout the nation by 2028.

Property sector moving forward on positive note in 2h18 - Axis REIT

KUALA LUMPUR, July 14 (Bernama) -- The property sector is expected to do better in the second half of 2018 (2H18), opposing the general perception of the bearish property sector, as the knee-jerk reaction due to 14th General Election subsided, Axis Real Estate Investment Trust (REIT) Head of Investments Siva Shanker said.

Rehda Institute proposes affordable housing price thresholds

KUALA LUMPUR, July 14 (Bernama) -- The Real Estate and Housing Developers' Association Malaysia (Rehda) Institute has proposed affordable housing price thresholds in Peninsular Malaysia, with residential units in Kuala Lumpur and the Klang Valley topping the list at RM500,000.

Tribunal for homebuyer claims settles 44,308 cases - Zuraida

PUTRAJAYA, July 9 (Bernama) -- A total of 44,308 out of 44,581 cases filed with the Tribunal for Homebuyer Claims (TTPR) were settled for the period between Jan 1, 2003 and June 30, this year, said Housing and Local Government Minister Zuraida Kamaruddin.

Mah Sing named among top 10 developers in Malaysia

KUALA LUMPUR, July 9 (Bernama) -- Mah Sing Group Bhd was named as one of Malaysia's top 10 developers at the 2018 Building and Construction Asia's (BCI Asia) Developers award recently.

Home Ministry reviewing implementation of costly projects

PUTRAJAYA, July 5 (Bernama) -- The Home Ministry is reviewing the implementation of projects with high financial implications to the country, according to its secretary-general Datuk Seri Alwi Ibrahim.

Sunway Property strengthens position to pursue growth in Singapore

KUALA LUMPUR, June 26 (Bernama) -- Sunway Bhd's wholly-owned property development unit in Singapore, Sunway Developments Pte Ltd (SDPL), has entered into a sale and purchase agreement with Hoi Hup Realty Pte Ltd to dispose of its 30 per cent equity interest in Hoi Hup Sunway Novena Pte Ltd (HHSN) for S$39.9 million (S$1 = RM2.9523).

I-berhad sees higher loan approvals for its properties

SHAH ALAM, June 26 (Bernama) -- Property developer, I-Berhad believes that the property sector is in the midst of an upward trajectory going by the increase in loans submissions and approval rate for the company's residential properties.

Sime Darby Property, SP Setia deny wrongdoings in Battersea project

The initial capital invested into the project by the developers and the profit from the first phase is now being reinvested into developing the subsequent phases.