News List

Houses in Malaysia “seriously unaffordable” by international standards, says BNM official

KUALA LUMPUR, Oct 24  -- Houses in Malaysia are considered as “seriously unaffordable” by international standards, a Bank Negara Malaysia official said.

Urban housing lightens youth's burden

KUALA LUMPUR, Oct 23 -- Often late for work even after leaving the house as early as 5 am, drone operator Syed Luqman Syed Abd.Lah, now no longer has to worry about that problem.

N. Sembilan govt to consider lowering price ceiling of residences for foreigners

SEREMBAN, Oct 23 -- The Negeri Sembilan state government is studying the possibility of lowering the existing price ceiling of RM2 million for both unsold strata and landed residences, for foreign purchasers.

Platinum Victory launches PV9 residences with RM553 mln GDV

KUALA LUMPUR, Oct 22 -- Platinum Victory Holdings Sdn Bhd has launched its new development PV9 Residences in Setapak with an estimated gross development value (GDV) of RM553 million.

OCR to launch RM268 mln GDV Vertex Kuantan project in 1H20

KUALA LUMPUR, Oct 21 -- Boutique property developer OCR Group Bhd is targeting to launch its second Kuantan project, named Vertex Kuantan, in the first half of 2020.

KPKT wants state govts to set suitable property ceiling price for foreigners

KUALA LUMPUR, Oct 19 -- The Ministry of Housing and Local Government (KPKT) has asked the state government to set appropriate property ceiling price for foreigners in their respective states.

Property: Penang to announce its own threshold for foreigners

GEORGE TOWN, Oct 18  -- The Penang government is expected to set its own threshold  in regard to purchase of property in the state by foreigners.

56 PR1MA development projects cancelled - Ministry

KUALA LUMPUR, Oct 17  -- A total 56 development projects under the PR1MA Corporation Malaysia (PR1MA), valued at RM9.98 billion have been cancelled, the Housing and Local Government Ministry (KPKT) said. 

Higher land price may spell unaffordable Kampung Baru property prices - PM Mahathir

KUALA LUMPUR, Oct 15 -- The government can offer a higher rate to Kampung Baru landowners for their plots but this would have implications on its development leading to higher and unaffordable property prices for many Malays, said Tun Dr Mahathir Mohamad.

State govt has final say on lower property threshold for foreigner - Azmin Ali

KUALA LUMPUR, Oct 15  -- It is up to the state government to implement the lower property threshold for foreign ownership that was announced in the Budget 2020, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.