Posts by admin

KELANA JAYA, Feb 22 — The Real Estate and Housing Developers’ Association Malaysia (Rehda) today said their members are inclined to increase the housing price this year due to several factors. Its president Datuk NK Tong said among the biggest issue found in their reports are the high cost of building materials as well as…

KUALA LUMPUR, 20 January 2023 – With Chinese New Year [CNY] just around the corner, Malaysia’s favourite home improvement retailer wants to ensure that communities in need also have the opportunity to celebrate. MR D.I.Y Group {M} Berhad [MR D.I.Y.] has partnered with Persatuan Kebajikan Menyentuh Hati Kuala Lumpur, Selangor, Malaysia [HATI],  an organisation that…

PETALING JAYA: Kenanga Research remains “neutral” on property developers on the view that the sector will continue to be weighed down by the bearish oversupply and cautious lending activity of banks. A bright spot for the sector, however, is the landed homes sub-segment. Since the onset of the Covid-19 pandemic, prices for terrace homes were…

PUTRAJAYA: Residential properties in the Federal administrative capital valued at RM300,000 and below will enjoy a 30% reduction on assessment tax beginning Jan 1, 2023. Prime Minister Datuk Seri Anwar Ibrahim said the new amount will be in effect until Putrajaya Corporation has carried out a re-evaluation. Anwar said he was aware of the complaints…

PETALING JAYA: With the economic storm clouds stirring on the horizon, the Malaysian property market which has seen a nascent recovery this year can expect to face challenges in 2023. Although there has been gradual improvement in sentiment with overall transaction prices in the first half (H1) of 2022 recording a higher trend compared to…

SELANGOR has the most number of abandoned or “sick” housing projects based on statistics released by the National Housing Department as at Oct 21, 2022. According to the Housing and Local Government Ministry, a “sick” housing project is one that has been delayed by more than 30% of its scheduled process or where the sale…

PETALING JAYA: Prospective house buyer CW Chong has been saving to buy his own home since a year ago. However, while he is happy that he can get more discount under Budget 2023’s move to increase the exemption in stamp duty for homes worth between over RM500,000 and RM1mil, he hoped the government would consider…

KUALA LUMPUR (Oct 7): The Budget 2023 announcement had some goodies for homebuyers with some extra cash in hand to, hopefully, invest or buy property. Find out what the property consultants have to say about what the budget is offering next year: Knight Frank Malaysia deputy group managing director Keith Ooi The RM200 million allocation…

Kuala Lumpur, 3 October 2022 – The wait is over for homebuyers as leading homegrown property developer, DK-MY Properties Sdn Bhd obtains the Vacant Possession of its dual key SoHo development, DK Impian, upon completion in September 2022.  Nestled in Subang Bestari, the highly sought-after development is ready for key handover to homebuyers, where they…