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Market News

Non-compliant strata property owners may now be given a criminal penalty

A strata property owner who fails to comply with awards handed down by the Strata Management Tribunal (SMT) can now be slapped with a criminal penalty. In early July 2020, the Subang Jaya Municipality (Magistrate’s)...
2019 Household Income Survey: What it tells us about Malaysia’s property oversupply

The newly released HIS report by the Department of Statistics Malaysia sheds some light upon the overhang and oversupply issue that is currently plaguing the local property market. © 123rf | SVIATLANA ZYKAVA Overhang and oversupply are two very...
A Window Of Opportunity In The Residential Property Market

KUALA LUMPUR: The reopening of the economy is expected to be gradual as the vaccination drive continues to be ramped up under the four-phase National Recovery Plan (NRP). The country’s gross domestic product (GDP) growth for...
Sunway Acquires Cheras Land For Exclusive Lifestyle Residences

KUALA LUMPUR: Sunway Bhd’s (Sunway) wholly-owned subsidiary, Sunway Kinrara Sdn Bhd, has signed a sale and purchase agreement to acquire a 3.34-acre parcel of freehold land from CTM Development Sdn Bhd in Taman Mutiara, Kuala...
Four Tips To Get The Best Loan Interest Rates

Shopping around for the most attractive interest rates is the obvious move to make for most people looking for a loan. Lower interest rates mean you pay less every month, and you reduce your total...
Get A Faster Loan Approval For Your Dream Home

Purchasing property is a big investment and something one should consider carefully. However, the good news is that property generally appreciates in value rather than depreciating like other assets such as vehicles and furniture. So, what’s...
Anomalies In The Property Market During Covid-19 Pandemic

Contributed by John Tan With the on-going Covid-19 pandemic where people lose their jobs, foreign tourists denied entry and gross domestic product (GDP) growth going south, the residential property market continues to remain soft. I...
Cultivating A High Tech City

The present time has shown the importance of smart cities, which function to battle the Covid-19 pandemic through better connectivity while solving economic and social problems. Where smart cities are concerned, the term can be interpreted...
Malaysian Government To Slash Its Official GDP Growth Forecast For 2021

With the strict curbs enforced under Phase One of the National Recovery Plan expected to dent Malaysia’s economic recovery, the government will revise its gross domestic product (GDP) growth forecast for 2021 downwards, said Finance...
Property Players Urge To Be Allowed To Operate Under Strict SOPs

A group of professional bodies in the Malaysian real estate sector has called on the government to place them under strict standard operating procedures (SOPs) and be allowed to operate during the movement control order...
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