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Joint venture between Lagenda Properties Berhad and Bina Darulaman Berhad (BDB) create new affordable homes for the Rakyat Kuala Lumpur, 29 August 2022 – Lagenda Properties Berhad (“Lagenda Properties”), in hand with Bina Darulaman Berhad (“BDB”), carried out a groundbreaking event on their new affordable township in the heart of Sungai Petani, Kedah earlier today.…

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…

KUALA LUMPUR: There are more than 35,000 unsold new properties worth a total of RM22.45bil across the country as of the first quarter of this year, the Dewan Rakyat hears. According to the Housing and Local Government Ministry, data by the National Property Information Centre (Napic) showed there were a total of 35,592 completed and…

KUALA LUMPUR: The reintroduction of the stamp duty exemption for first-time homeowners is expected to have a minimal impact on the overall property market but it should help to spur transactions within the primary residential market. PPC International managing director Datuk Siders Sittampalam said the incentive is timely, given the rising borrowing cost due to…

PETALING JAYA: The critical labour shortage, high agency fees, and a 30% hike in the price of construction materials have forced several industry players to close shop, says Master Builders Association Malaysia (MBAM). MBAM president Wee Hiang Chyn said the problems faced by the industry were compounded by the worsening Russia-Ukraine conflict which has led…

Kuching, July 2022 : SHIPPING executive Albert Tay, 56, was annoyed when he saw an advertisement on social media offering a new semi-detached house with a price tag of RM820,000. The house with a total land size of 4,356sq ft is located about 5km from Sibu town centre. “I think it is too expensive. My…

PETALING JAYA: The property sector is likely to face hard times for the remainder of this year due to waning demand, high cost of materials and an expected increase in interest rates. Rahim and Co International Property Consultants CEO Siva Shanker told FMT Business the sector’s performance for the first half of this year has…