Archive for August 2022

PETALING JAYA: Even government-subsidised low-cost homes cannot escape the attention of profit-seeking property speculators. Many have been snapped up at up to double the original price, pushing these homes beyond the reach of those in the B40 community, for whom they were built in the first place. This is a common practice in the secondary…

PETALING JAYA: Covid-19 has left property market players clueless about the supply and demand situation. The pandemic has totally disrupted market forces and distorted what should have been the norm, according to Real Estate and Housing Development Association (Rehda) acting president NK Tong. “As a result, it has made it difficult for us to decide…

PETALING JAYA: The real estate slump and mortgage boycott in China will not worsen the Malaysian property market, Rahim and Co International Property Consultants CEO (Real Estate Agency) Siva Shanker said. If the Malaysian property market suffered, he added, it would be due to the country’s own problems rather than the downturn in China’s real…