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The local property sector is expected to revive to pre-pandemic levels in tandem with the economic recovery, says Public Investment Bank Research. Its analyst Tan Siang Hing said in a note today that the property sector will recover, with herd immunity expected by end-2021. Tan expects the property sales momentum to continue in the second half of 2021 (2H2021) as the vaccination programme gains ...

CPI Land is upping the ante with innovative products and offerings. The boutique developer is introducing two new projects, Tuan 2egacy and Dian Residency 2, following the success of its earlier developments, Tuan Residency and Dian Residency. Tuan 2egacy, located in Kuala Lumpur is poised to continue the legacy of Tuan Residency, said the company's director, Chung Shan Tat. Chung said the ...

Online "shopping" remains a hot trend for those who are looking to purchase a residential unit, either landed or high-rise, amid the ongoing Covid-19 pandemic Further, the ongoing initiative by the government and incentives given by property developers is encouraging potential home seekers to buy a property now instead of spending their money elsewhere. There are several government ...

Sime Darby Property Bhd says there is a growing demand for the company's residential landed type of products and this is based on buying trends among its existing customers. Its group managing director, Datuk Azmir Merican said looking at this trend the company will strive to meet its client's needs with new and existing products in that segment of the property market. Azmir said the ...

Berjaya Group is targeting to build 3,000 landed homes in Berjaya Hills, Pahang with an estimated gross development value of around RM900 million. Its founder Tan Sri Vincent Tan Chee Yioun says Berjaya has close to 16,000 acres of remaining development land in the highlands. Tan said the group plans to realise the full potential of land at Berjaya Hills, which would boost the overall value of ...

SkyWorld Development Group is gearing up to launch up to RM2 billion worth of products in strategic locations in Kuala Lumpur, says its chief executive officer Koong Wai Seng.   Koong said it is planning new launches in Bukit Jalil, Cheras, Taman Melawati and Setapak.   He said the company is optimistic about its plan given that it achieved record-breaking sales of over RM1 billion in ...

IJM Land Bhd launched Phase 1 of its latest housing development project, Rimbun Kiara on April 17 and saw full take-up in less than 24 hours, says its senior general manager Datuk Hoo Kim See.   Hoo said Phase 1 achieved 100 per cent of its sales target within a day of the launch, fuelled by interest from homebuyers and investors who wish to have a modern and practical home, yet ...

 Bank Negara Malaysia has maintained the Overnight Policy Rate (OPR) at 1.75 per cent at its second Monetary Policy Committee (MPC) meeting today. The central bank's MPC considers the stance of monetary policy to be appropriate and accommodative. "Given the uncertainties surrounding the pandemic, the stance of monetary policy going forward will continue to be determined by new ...

PropertyGuru, Malaysia’s No. 1 property website, announced that its latest Malaysia Property Market Index (MPMI) report registered a downtrend in overall asking prices by 0.84% QoQ and 1.79% YoY – to 87.86 index points – in the first quarter of 2021. This dip may be attributed to buyers’ apprehension as they take a wait-and-see approach due to the resurging COVID-19 ...

IJM Land Bhd will unveil its next development in Bandar Rimbayu known as NADI, a brand new business hub with a gross development value of RM2.4 billion.   NADI comprises a 221.59-acre commercial park and a 41.10-acre industrial park, says Bandar Rimbayu senior general manager, Chai Kian Soon.   Chai said in line with IJM Land's commitment to sustainability, NADI prioritises the ...

WHILE the Malaysian property market has been generally quite soft over the past few years, the industrial sub-sector seems to be bucking the trend and gaining a fair bit of attention of late. Earlier this week, Savills in its Asia-Pacific Investment Quarterly report for the first quarter of 2021 (Q1) revealed that major investment transactions in Malaysia grew 53% year-on-year to RM1.46bil in ...

Axis Real Estate Investment Trust (Axis-REIT) has completed the acquisition of a leasehold property within the Bukit Raja industrial zone in Klang, Selangor for RM37 million. The property comprises 5.6-acre land with two blocks of detached factory and a double-storey office building. It was acquired from Lion Steelworks Sdn Bhd, a unit of Lion Corp Bhd. The net lettable area is 149,605 sq ft. ...

SEREMBAN 2, a 1,520-hectare freehold self-contained township by IJM Land Bhd was established in 1995 and is one of the most progressive and successful developments in Negri Sembilan. The multi-billion ringgit satellite township comprises a good mix of residential, commercial and light industrial properties. Being part of the Greater Klang Valley, the township has been realising its great growth ...

Perak-based developer RH Consortium Sdn Bhd, which aims to go public in the next three to five years is in talks with healthcare and hotel operators for its project, Riverbank Cove, in Manjung, Perak. Riverbank Cove, which is situated at the river mouth of Sungai Tiong overseeing Pangkor Island has a gross development value of RM2 billion. The plan for the 52-hectare development is to have ...

The Real Estate and Housing Developers' Association Malaysia or Rehda urge the government to introduce an all-encompassing force majeure exemption bill or a Covid-19 (Temporary Measures) Bill to lawfully protect players of all industries, including the property sector. Rehda president Datuk Soam Heng Choon said the Bill is much needed, to ensure that every party is safeguarded against any ...

Gamuda Land has partnered with Shopee, an e-commerce shopping platform, to sell houses online, amid the current Covid-19 pandemic. Its chief operating officer Aw Sei Cheh said through this exclusive promotion, customers will be able to browse and purchase selected Gamuda Land properties through Shopee, anytime and anywhere and discover attractive packages that the developer is currently ...

IOI PROPERTIES Group Bhd (IOIPG) plan to launch its Xiang An project in Xiamen, China progressively starting May this year should the condition continues to improve. This was revealed by AmInvestment Bank in the firm's recent research note. According to AmInvestment, IOIPG's operations in China is heading back to normal. "During a recent engagement, IOIPG had said that the ...

I-Berhad is shaping up its i-City project in the heart of Selangor's golden triangle with a new wave of development and investment in Artificial Intelligence (AI) technology. Executive chairman Tan Sri Lim Kim Hong told NST Property that in spite of a challenging market environment, I-Berhad will continue to invest in i-City because of strong investor confidence in the development. The ...

 The Malaysian economy is expected to see a contraction -2.0% at its worst and growth of 0.5% at its best in 2020, compared to 4.3% in 2019, against a highly challenging global economic outlook. Bank Negara Malaysia (BNM) in its 2019 Economic Monetary Review on Friday said the domestic economy will be impacted by the necessary global and domestic actions taken to contain the ...

Mah Sing Group Bhd officially launched M Oscar with the grand opening of its sales gallery in October 2019, in tandem with its 25th anniversary. At the event, Mah Sing CEO Datuk Ho Hon Sang said, “We are committed to roll-out affordably priced products of good quality as 81% of our full-year target sales for 2019 is from residential properties below RM700,000.” Ho also said the ...