Xtra Furniture Freedom Chair
KLAF 2016 emphasises shaping future communities
    BY Pavither Sidhu In line with the projected global urban population of about 2.29 billion, of which 92.8 per cent will be in developing countries, the Kuala Lumpur Architecture Festival 2016 (KLAF 2016) organised by Pertubuhan Arkitek Malaysia (PAM) is based on the theme “Future Communities and... Read more
Lakeside living in the city
BY Alia Mokhtar Homeowners aspiring to purchase a lakeside dwelling with convenient connection to the city centre will need to act fast if they want to secure one such unit at Lakeville Residence in Taman Wahyu as its final block launch has seen a 92 per cent take-up. The... Read more
OPR reduction: is it really all good news?
  BY Roznah Abdul Jabbar  The recent cut on the Overnight Policy Rate (OPR) to three per cent from the previous 3.25 per cent is said to be a boost to the consumer sentiment and property market, although not significantly. However, not all agree on the scope of its... Read more
Signs of life in the second half
BY Chris Prasad After a subdued first half of the year, there are now indications that the second half might see greater market activity, particularly from developers that have thus far been sitting on the sidelines. Also timely is Bank Negara Malaysia’s (BNM) recent decision to cut the overnight... Read more
BSN’s Youth Housing Scheme targets 10,000
Bank Simpanan Nasional (BSN) is targeting over 10,000 new borrowers under its Youth Housing Scheme, said its deputy chief executive (strategy and communications) Kameel Abdul Halim. Despite having only attracted 2,000 borrowers since the scheme was launched in July last year, Kameel said the central bank’s decision to lower... Read more
More rate cuts on the horizon?
While the market is still pumped by Bank Negara Malaysia (BNM)’s surprise move to cut the Overnight Policy Rate (OPR) last week, there is now fresh buzz surrounding the central bank’s intention to provide further cuts later in the year. While this news should be taken with a pinch... Read more
Construction sector still paramount, says Works Ministry
BY Pavither Sidhu The construction industry remains one of the most important economic sectors in the country, and despite the slow economy, it is experiencing the highest growth compared to other sectors in the country, said Deputy Minister of Works Datuk Rosnah Abdul Rashid Shirlin. She said the construction... Read more
Land, condo sales plummet in Hong Kong
A prolonged climate of uncertainty in Hong Kong is now compelling local developers to adopt increasingly conservative strategies. This has led to a marked slowdown in bids for government land sales and a fall in prices for unsold properties. Global property consultant JLL said the dim outlook held by developers... Read more
ATO blow to Aussie  property market
  BY Chris Prasad Australia’s position as a choice investment destination for Asian property seekers has come under threat following the introduction of a new ruling by the Australian Tax Office (ATO). The new ruling stipulates that for properties valued at more than AUS$2 million (RM6.06 million), 10 per... Read more
TSA Land unveils first project this month
Property developer TSA Land Sdn Bhd will be launching its first project, MM Residency, end of the month. It was reported that the project, which has a gross development value of RM483 million, is located on 3.6-acre freehold land in Taman Melawati, Kuala Lumpur. MM Residency will feature three... Read more