Archive for June 2022
Find out why your home loan application is rejected
You’ve done your property window shopping – visiting sales galleries and even walking around some neighbourhoods to get a feel of the surroundings you wish to make your forever home. When you have found it, your property agent helps you to apply for your housing loan. Days later, your agent informs you your application has…
Read MoreLanded properties worth RM500 million left abandoned in Malaysia
GEORGE TOWN: Landed properties valued at more than RM500mil are rotting in space-scarce Penang island, where residential and commercial buildings fetch lucrative prices. Penang Island City Council (MBPP) councillor Wong Yuee Harng (pic) said that while more than RM300mil worth of heritage and pre-war buildings (commercial and residential) were left unoccupied, several buildings put up…
Read MoreProperty prices set to increase
JUST when the property market looked set to finally recover from a two-year debacle in the form of a pandemic, players within the sector are now faced with a new quandary – rising raw material prices. As developers and contractors grapple with compressed margins due to rising construction costs, ultimately, what will this mean for…
Read MoreSarawak ranks third highest in residential property prices in Malaysia
KUCHING : Sarawak’s average residential property price is the third highest in Malaysia, at an average of RM482,592 in 2021, a report by the Economic Planning Unit (EPU) of the Premier office of Sarawak, showed. Sarawak came in third after Selangor at an average of RM492,061, followed by Kuala Lumpur at RM763,234. Ranking fourth, Sabah’s…
Read MoreHigh possibility of property prices increasing before year-end
The selling prices of residential properties in the country will likely increase by 5% to 20% soon. Real Estate and Housing Developers’ Association immediate past chairman Tan Hun Beng told StarBiz that a price hike was in the offing and likely to happen before the end of the year, as construction costs had increased substantially.…
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