News
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The RTS and Gemas-JB rail networks, as well as the MM2H, may help to stimulate the Johor property market
The Malaysia-Singapore rapid transit system link project is projected to be completed by the end of 2026. About 70,000 residential properties in Johor are unsold, empty, or abandoned due to new homeownership rules and the suspension of Malaysia My Second Home Programme (MM2H), according to Johor... -
Sunway Property has launched a marketing campaign for four new developments worth RM1.8bil
An artist’s impression of Sunway d’hill Sunway Property has soft-launched four property projects with a combined gross development value of RM1.8 billion, all intended for new norm living. The four projects are Sunway Artessa, Sunway d'hill, Sunway Velocity TWO Tower D, and Sunway Belfield Tower... -
Bring back the HSR to boost property sales and the economy
Major property developers are hoping for good news in Budget 2022 regarding developing the Kuala Lumpur-Singapore High-Speed Rail (HSR) and other railway infrastructure projects. They're counting on the HSR project's progress to boost residential and commercial property sales in some of the... -
Rehda estimates over RM60bil development expenditure in Budget 2022
Real Estate and Housing Developers' Association Malaysia (REHDA) has estimated the targeted development expenditure (DE) for Budget 2022 to be between RM60 billion and RM65 billion and may feature the roll-over of unutilised DE for 2021. According to CGS-CIMB's research note today, what is key for... -
WCT adds to its Sabah property portfolio with an RM7 billion mixed-use development
WCT Holdings Bhd is expanding its development efforts in Sabah and plans to build an RM7 billion mixed-use property in Lok Kawi. WCT Perkasa Sdn Bhd, its indirect 80 percent-owned subsidiary, signed a deal with Yayasan Sabah on October 13, 2021, for the option to buy development rights over seven... -
MRCB has completed the acquisition of land in Perak for its Simpang Pulai development
Malaysian Resources Corp Bhd (MRCB) has completed the acquisition of 18 parcels of leasehold land near Ipoh, Perak, from major shareholder Tan Sri Mohamad Salim Fateh Din. In a stock exchange filing, MRCB said the acquisition was completed on October 13, 2021. MRCB's indirect wholly-owned... -
Keponggi Square, which is modelled after Roponggi, has sold 70 per cent of its units
Keponggi Square, has sold 70 per cent of its units. Metropolitan Lake Development (MLD) Sdn Bhd's maiden project, Keponggi Square, has sold 70 per cent of its units, thanks to the leadership of renowned developer Datuk Michael Yam. Michael Yam is the chairman of MLD. He is also the immediate past... -
Budget 2022: Promote sub-urban areas, and aspects of the MM2H programme
The government should make more efforts to promote sub-urban areas and housing as a viable alternative to densely populated urban areas. iProperty.com.my general manager Shylendra Nathan said that should consumer demand for sub-urban areas increase, the government could introduce key... -
BUDGET 2022: Help strugglling homeowners keep their homes
The government should help struggling homeowners keep their homes when the moratorium ends by granting income tax reduction on interest accrued on house loans, says PropertyGuru Malaysia. Apart from assisting first-time homeowners, the firm said there is a need to help individuals who are battling to... -
Club Med Cherating is up for sale, with a leaseback arrangement
Club Med Cherating, an all-inclusive seaside resort in Pahang is spread across 85 hectares. The all-inclusive family beach resort Club Med Cherating, which has been open for 41 years in Pahang, is up for sale, according to sources. Club Méditerranée, or Club Med, is the owner of the property,... -
Glomac sasar habiskan jualan Primrose dalam setahun
Ketua Pegawai Operasi (Operasi) Glomac, Zulkifly Garib. KUALA LUMPUR: Pemaju hartanah, Glomac Bhd, menyasar untuk menjual semua 123 unit projek perumahan rumah dua tingkat Primrose di perbandaran Saujana KLIA, Sepang dalam tempoh setahun ini. Ketua Pegawai Operasi (Operasi) Glomac, Zulkifly Garib... -
MQ Tech expands in real estate and tourism development
MQ Technology Bhd (MQ Tech) is expanding into real estate and tourism development by purchasing a share in a property firm in order to diversify its revenue streams. According to the firm, it plans to market property development projects. MQ Tech notified Bursa Malaysia that on September 24, 2021,... -
Budget 2022: More measures needed to help property sector, says Rehda
The government, through the Housing and Local Government Ministry, has been doing an admirable job of trying to make the housing delivery system as smooth as possible to ensure that the people would have access to affordable homes. However, this has not been an easy task to undertake as housing... -
LBS Bina to construct 1450 apartments in Seri Kembangan worth RM310mil
An artist’s impression of Prestige Residence, which will provide 1450 apartments. LBS Bina Group Bhd will construct 1450 apartments in Seri Kembangan, Selangor, valued a total of RM301 million. The eight-acre project, known as Prestige Residence, will provide three different layouts, ranging in... -
Metropolitan Lake Development Begins Work On Keponggi Square
An artist impression of the development. KUALA LUMPUR: Metropolitan Lake Development (MLD) has kickstarted its maiden project, Keponggi Square, which is part of the Metropolitan Waterfront Masterplan. Keponggi Square, which has a gross development value (GDV) of RM220mil, is slated for completion in Q1... -
Star-Studded Developers To Showcase Award-Winning Properties
Potential home-buyers seeking their dream homes can find a plethora of award-winning choices at the StarProperty Awards Showcase 2021. To be held from Oct 15 to 17 at Sunway Pyramid, the exhibition follows the coattails of the sixth instalment of the prestigious StarProperty Awards 2021. Home-buyers,... -
Kediaman bertanah masih jadi pilihan utama pembeli
KUALA LUMPUR: Kediaman bertanah masih menjadi pilihan pembeli rumah meskipun citra rasa terhadap gaya hidup sudah berubah, demikian kata Pengarah Urusan PropertyGuru DataSense, Joe Hock Thor. Beliau berkata, berdasarkan data yang ada, masih ramai yang menyukai dan mencari kediaman bertanah, yang... -
KPKT is looking for ways to bring abandoned housing projects back to life
Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican said there are 79 abandoned housing projects in Peninsular Malaysia. The Ministry of Housing and Local Government (KPKT) is looking for solutions to resurrect the country's abandoned housing projects. KPKT Minister Datuk... -
The Pano by OCR is 86 per cent sold
The Pano’s topping-out ceremony took place yesterday. The Pano, which consists of 363 serviced apartments and is located along Jalan Ipoh in Kuala Lumpur, is currently 86 per cent sold, according to OCR managing director Billy Ong Kah Hoe. The project's topping-out ceremony, which includes eight... -
Residents and businesses in Seremban 2 are benefiting from IJM Land's LikeS2 mobile app
LikeS2 is a lifestyle-themed mobile application exclusively developed for the Seremban 2 township. IJM Land Bhd has been assisting businesses in Seremban 2, Negeri Sembilan to grow since the state entered Phase 4 a year ago. The developer launched LikeS2, its first lifestyle-themed mobile... -
New investor for Empire City Mall
Rubberex Corp (M) Bhd’s maiden property investment venture is in a mall located within the RM5 bilion Empire City Damansara. Empire City Mall, which has a net nettable area of 1.7 million square and is located in Petaling Jaya, Selangor has Rubberex Corp (M) Bhd coming in as its new investor. The glove... -
Rebound seen in residential rental property demand for 1H 2021
Malaysia's residential rental property demand swung to a positive year-on-year (y-o-y) growth of 1.9 per cent in the first half (H1) of 2021 from a contraction of 5.6 per cent in the corresponding period last year, according to property portal iProperty.com.my. Growth in user visits outperformed the growth... -
The Holiday Villa Hotel in Subang is no longer in operation
Holiday Villa Hotel & Conference Centre Subang had been a popular destination for more than two decades. Holiday Villa Hotel & Conference Centre Subang has ceased operation effective October 1. IJM Land Bhd, which owns the hotel, is said to be examining a range of options to boost the property's... -
Menyewa lebih relevan dalam situasi semasa
Permintaan terhadap hartanah kediaman sewa di Malaysia mengalami pertumbuhan positif - Foto hiasan KUALA LUMPUR: Situasi pasaran hartanah pada masa ini memihak kepada penyewa kerana lebih relevan dari segi kewangan berikutan komitmen bulanan yang lebih rendah berbanding pembelian hartanah,... -
Harga tinggi halang B40, M40 miliki rumah
Belanjawan 2022 harus menjadikan pemilikan rumah lebih mudah bagi golongan B40 dan M40 - Foto hiasan KUALA LUMPUR: Kajian Sentimen Pengguna Separuh Kedua 2021 PropertyGuru mendapati harga yang tinggi menjadi penghalang utama bagi pencari rumah walaupun empat daripada lima rakyat Malaysia berhasrat untuk... -
Projek CORE Residence @ TRX dapat sambutan
Pengarah CCCG Overseas Real Estate Pte Ltd, Zhang Bao KUALA LUMPUR: Pembangunan hartanah pegangan bebas mewah, CORE Residence @ TRX yang dimajukan oleh CORE Precious Development Sdn Bhd mencapai kadar langganan 70 peratus untuk Menara 1 dan 2. Dalam pada itu, pemaju menyasar untuk melancarkan... -
LBS: Make HOC a permanent fixture to aid in the recovery of the housing market
LBS Bina Group Bhd executive chairman Tan Sri Lim Hock San. LBS Bina Group Bhd hopes the Home Ownership campaign (HOC) will be a permanent fixture in the housing market. The HOC has been a welcome boost for property developers in generating property sales as consumers became more cautious because to the... -
Invest in your first property before the market rises
Purchase a home now, because prices are expected to climb next year as the economy grows and construction costs rise. Kashif Ansari, co-founder and group chief executive officer of Juwai IQI, said that with the country's advancements, this was a good moment to buy real estate. "With lower interest... -
Darulaman Lagenda, an RM550 million township in Kedah, is set to begin construction next year
Bina Darulaman Bhd will kick-start its joint venture township development with Lagenda Properties Bhd known as Darulaman Lagenda, in the second quarter of next year. Bina Darulaman Bhd (BDB) and Lagenda Properties Bhd will construct affordable houses in Sungai Petani, Kedah, beginning in the... -
Garden Squares penuhi keperluan setiap generasi
Lokasinya berdekatan dengan faktor tarikan sedia ada dan akan datang, seperti Gamuda Gardens City Center (GGCC), inisiatif penempatan Xploria dan institusi pendidikan. KORIDOR kemajuan di utara Lembah Klang muncul sebagai sebuah kawasan tumpuan pembangunan pada masa kini dengan fokus populasi... -
Bank Negara temporarily suspends credit reporting agencies' access to CCRIS services
KUALA LUMPUR (Oct 1): CTOS Digital Bhd said Bank Negara Malaysia (BNM) has temporarily suspended the Central Credit Reference Information System (CCRIS) services to credit reporting agencies. In a filing with Bursa Malaysia on Friday, the group said its wholly-owned subsidiary CTOS Data Systems... -
Malton expects several ongoing projects to contribute to its bottom line in FY 2022
An artist’s impression of The Park @ Bukit Jalil Malton Bhd said prospects of the property development industry for its current financial year ending June 30, 2022 (FY 22), are expected to remain challenging. The property and construction group said the re-imposition of the stricter lockdown from... -
Ivory Properties is upbeat about its prospects for 2022
An artist’s impression of The Wave at Penang Times Square, one of many projects undertaken by Ivory Properties Group Bhd. An artist’s impression of The Wave at Penang Times Square, one of many projects undertaken by Ivory Properties Group Bhd. Datuk Low Eng Hock, the company's chief executive... -
Commercial properties under pressure, but no major risk to financial stability, says Bank Negara Malaysia
The downward pressure on occupancy and rental rates for shopping complexes and office space is not expected to significantly increase risks to financial stability given the limited direct bank lending exposures, said Bank Negara Malaysia Occupancy and rental rates of shopping complexes and office... -
Hatten Land turns to cryptomining to repurpose its mall footprint in Melaka
Hatten Land Ltd owns and runs six shopping malls with a total floor area of more than six million square feet, as well as four hotels in Melaka Hatten Land Ltd, a Melaka-based property developer, is using bitcoin to repurpose its mall footprint as part of a larger strategy that incorporates... -
IJM Land has launched new homes in Sierra Hijauan, with prices starting at RM1.15mil
An artist’s impression of a luxury home in Sierra Hijauan. Sierra Hijauan, a resort-style luxury development in Sierra Ukay, Ampang, has been selling successfully despite its high price tag since it offers a unique living experience and a nice respite from the frantic city life, among other... -
Tertarik dengan kempen HOC, permintaan pembiayaan rumah melebihi paras sebelum pandemik - Laporan BNM
Permintaan untuk pembiayaan telah pulih melebihi tahap sebelum pandemik dengan permohonan pinjaman meningkat merentasi kebanyakan segmen harga rumah. - Gambar fail Transaksi pembelian hartanah meningkat pada kadar lebih kukuh dalam tempoh separuh pertama 2021 berbanding tahun lalu di sebalik... -
Cyberview dapat hak pembangunan Zon Flagship Cyberjaya
Cyberview Sdn Bhd KUALA LUMPUR: Pemaju hab teknologi, Cyberview Sdn Bhd mengambil alih hak pembangunan Zon Flagship Cyberjaya (CFZ) berkeluasan 183.4 hektar yang sebelum ini dipegang oleh Setia Haruman Sdn Bhd. Dalam satu kenyataan hari ini, ia berkata langkah itu seiring dengan mandat kerajaan... -
Tropicana will continue to be market-driven in its product offerings
Tropicana Corp Bhd expects continued demand for properties in good areas, despite the current economic climate. Its group managing director Dion Tan believes there will be demand across its existing, matured, and growing townships with appealing pricing and unique ownership packages and offerings. Tan... -
HBA urges the government to set up a data bank on housing projects
The National House Buyers Association (HBA) has urged the government to set up a data bank where information on affordable housing projects can be made available to the public. HBA honorary secretary-general Datuk Chang Kim Loong said the data bank should contain information on projects under... -
The 12th Malaysia Plan will be beneficial to the housing sector, says Mah Sing chief
Mah Sing Group Bhd witnessed a strong increase in footfall at its sales galleries across Malaysia since the re-opening recently. Courtesy image The various steps under the 12th Malaysia Plan (12MP) to reinvigorate the country's economy post-pandemic will augur well for the housing sector, said Mah... -
Setia Awan Group unveils the country's first project combining TOD and SoHo transit units
An artist’s impression of Astrum Ampang, which will have a total of 5,228 Soho units and serviced apartments in six blocks. Courtesy image Setia Awan Group is introducing Astrum Ampang, the country's first project combining the ideas of a transit-oriented development (TOD) and SoHo (small office,... -
Rumah mampu milik mesti berharga bawah RM300,000
Kerajaan akan meningkatkan peluang kumpulan B40 dan M40 memilik rumah di bawah RMK-12 - Foto hiasan KUALA LUMPUR: Hartanah berpatutan mesti memenuhi kriteria seperti harga di bawah RM300,000 dibina dengan keluasan minimum 900 kaki persegi (tidak termasuk balkoni) serta lokasinya berhampiran dengan... -
WCT intends to keep its malls and hotels and improve their performance
WCT Holdings Bhd currently operates five retail malls and two hotels. Courtesy image. WCT Holdings Bhd will retain all its assets, including the group's hotels and retail malls, says its group managing director, Datuk Lee Tuck Fook There are currently no plans to sell any of the properties, he... -
Tanco is stepping up its game in terms of real estate development and land reclamation
An artist’s impression of Kuantan Hotel Suites. File image Tanco Holdings Bhd, known for projects such as Bandar Country Homes in Rawang and Duta Vista in Damansara is upping the ante in terms of property development and construction to boost its performance. The company is expected to commence... -
Kerajaan Peruntukkan Rm2.25 Bilion Sedia Bantuan Perumahan Kepada Rakyat Miskin
Bagi menyediakan bantuan perumahan kepada rakyat miskin, Kerajaan akan memperuntukkan sebanyak RM2.25 bilion ringgit dalam tempoh RMKe-12. Peruntukan ini adalah untuk membina dan membaik pulih sebanyak 85,500 unit rumah di bawah Program Bantuan Rumah, melibatkan 75 ribu unit rumah di kawasan luar... -
Safer short-term rental lodging as travel resumes in Phase 2 states
Airbnb is presenting the country's first industry-led Code of Conduct for short-term rental lodging, as travel resumes in more Phase 2 states. The Code of Conduct, which will be published on Airbnb's responsible hosting page, will establish a benchmark and standards for short-term rental... -
MGB will build affordable houses worth RM366mil in Johor, says its chief.
MGB Bhd group executive vice-chairman Tan Sri Lim Hock San said that the Zenit Molek project will have a gross development value of RM366 million. Courtesy image LBS Bina Group Bhd's subsidiary, MGB Bhd, will build an affordable housing project with a gross development value of RM366 million in... -
Projek Matrix Concepts dapat sambutan positif
Projek pembangunan Bayu Sutera KUALA LUMPUR: Fasa pertama projek pembangunan Bayu Sutera yang dimajukan Matrix Concepts Holdings Bhd merekodkan 95 peratus tempahan dalam tempoh dua minggu. Ketua Pegawai Pemasarannya, Lim Kok Yee, berkata meskipun dalam keadaan ekonomi yang kurang memberangsang dan... -
TAFI Industries reaches a new milestone in property development
TAFI Industries Bhd, a furniture maker, turned developer, is breaking new ground in property development in Pahang despite the ongoing Covid-19 pandemic. The company said yesterday in a stock exchange filing that it would build five mixed housing projects in Kuantan, with a total gross development value... -
Tropicana’s Campaign Is Back By Popular Demand
Freesia Residences comprises contemporary villa homes. PETALING JAYA: In extending the Tropicana 100 campaign for another 100 days, Tropicana Corporation Bhd (Tropicana) has revised the promotion into Tropicana 100 Xtended. Back by popular demand, the campaign offers buyers 100% interest-free... -
Glomac Plans RM282mil New Launches This Year
Primrose in Saujana KLIA was launched earlier this month. PETALING JAYA: Glomac Bhd is planning to launch new properties with an estimated gross development value (GDV) of RM282mil this year as the group’s existing residential products are almost fully sold and economic restrictions are easing. Comprising... -
Concept Home 2030 Competition Attracts Record-Breaking Registration
The response from participating architects is encouraging, said Azmir.ARA DAMANSARA: The new blueprint for reinventing the conventional Malaysian terrace home design kicks off with 170 professional Architects registering for the Concept Home 2030 Competition. The competition is co-organised by... -
Making Mortgages Easier
Bank Rakyat is making it attractive for first-time homebuyers to finance their dream home. As one of the more innovative banks in Malaysia, Bank Rakyat has turned its attention to encourage first-time home owners, especially young adults, to secure home financing, especially when many constraints... -
Join Our Team
CID's core businesses comprises mainly of property transaction, managing of new project development and real estate agency, each having its contributing and complementing to the group strategies which is to product services and the products at the most effective and competitive level without... -
Being a landlord for the first time? Top tips for you to learn
Being a landlord for the first time? Top tips for you to learn Renting out your property to repay the mortgage is the easiest way to gain profit from your real estate investment. However, being a landlord involves lots of responsibilities. Therefore, you must learn the obligations and details as a... -
Govt to revise real property gains tax rates
The government will revise the Real Property Gains Tax (RPGT) rates for disposals of properties or shares in the property holding companies after the fifth year. Finance Minister Lim Guan Eng said for companies and foreigners, the rate would be increased from 5.0 percent to 10 percent, while for... -
Upgrading your house, things to be concerned about
Although the property market seems to be focusing on the first-time homebuyers, there are other segments of buyers in the market, and among them are the upgrades. Upgraders are typically homeowners who are looking to buy their next home to accommodate their growing family. But there are also other... -
Small homes; when less is more
Space has always been an important determinant in the search for an ideal house. However, any incremental in this aspect will directly affect the price of the property, and house buyers should not pay more than is necessary for their needs. As much as space offers comfort, there are other negative... -
Malaysia’s 2019 Budget
Malaysia’s 2019 Budget Highlights: •Petronas dividend will double to MYR54b (US$13bil) in 2019.•Malaysia expects growth to moderate to 4.8% this year.•Current account is expected to stay in surplus, albeit slightly smaller.•Malaysia sees average palm oil prices at MYR2,400/ton in 2019.•Malaysia... -
Ride upside of technology
APPS, smart systems, automation – these are only the beginning of what industry captains say may be an eventful journey towards having a business that is digitally supported and enabled.With rapid technology development, companies, both large and small, will inevitably be changed. Decades-old... -
Budget 2019 Wish list 001: Malaysians want cheaper homes
THE next big thing that most Malaysians are waiting for is the national budget 2019, and the government has opened to the people to send in their suggestions before it is tabled on Friday, Nov 2 2018.There have been some interesting budget suggestions under the various categories, including the... -
Rehda urges flexible execution of KL City Plan 2020 to accommodate changes
1. Making the KL City Plan relevant, inclusive and worthyFirst launched in 2008, Kuala Lumpur City Plan 2020 (KLCP 2020) is a blueprint for the city development. However, despite the plan to gazette it in 2013, it was delayed and remained as a draft to date.In June 2018, an announcement from the... -
Study of freehold land title, to be granted within five years
The state government is conducting a detailed study to provide freehold land titles to leasehold housing land as promised in the 14th general election (GE14), said MenteriBesarAminuddinHarun.Also the State Assemblyman for Sikamat, Aminuddin said the state government has had several meetings and... -
TRX Faces Challenging Environment
With about four million sqft of new office space set to enter the market in Q1 2019, leasing is becoming a challenge for the TunRazak Exchange (TRX).This comes as over half of the new office space set to be ready soon includes the 2.6 million sqft at Exchange 106, Indonesian Mulia Group’s six-star... -
Construction Sector Spending To Slow Down In Q4 2018
Government spending on infrastructure projects is expected to decline further in Q4 2018 as Putrajaya terminated and deferred massive projects implemented by previous administration in a bid to cope with the country’s high debt of over RM1 trillion, reported the Borneo Post.“We believe that... -
Service Sector Remain 6% from GST into SST in Malaysia
However, room tariffs may not increase after the new policy is deployed from September 1, 2018.As far as the service sector is concerned, the deployment of SST (Sales and Services Tax) starting from September 1, 2018, may not result in much of a price difference for services.We feels that this...
