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Penang property transactions picking up
With the first quarter of the year coming to a close, the general consensus is that the market remains subdued following a harsh 2016. However, the Pearl of the Orient could prove that there is still some shine to it, as it is expecting to see some positive numbers... Read more
Shanghai surpasses Tokyo as top Asia-Pac investment destination
Shanghai officially became the top city for real estate investments in the Asia-Pacific region in the fourth quarter of last year, displacing Japan’s capital city of Tokyo which had long-held the top spot. According to a report by Jones Lang LaSalle (JLL), China’s most high-profiled city is also now... Read more
Marginal growth forecast for property sector
After languishing in negative territory for a prolonged period, the property sector could now see 10 per cent growth in transaction volume over the next 24 months, according to international property consultancy Rahim & Co. The firm said subdued growth in all property sectors in the next 12 to... Read more
KL still top choice for commercial developments
… BUT THAT COULD CHANGE IN THE NEAR FUTURE BY Chris Prasad The nation’s capital remains the favoured focal point for commercial investment and development in the country, says global property consultancy Knight Frank Malaysia. It said KL has seen the lion’s share of investments and development in the commercial... Read more
Lee: Expect slight improvement
The marginal improvement in economic growth is likely to result in a slight improvement for the property industry next year, said Second Deputy Finance Minister Datuk Lee Chee Leong. Lee said gross domestic product (GDP) is expected to grow by between 4 per cent and 5 per cent in... Read more
Another year of  ‘cautious optimismʼ
BY Roznah Abdul Jabbar While some property experts see a recovery in the market in 2017, many others still expect it to remain passive. Industry experts opined that the market, especially the residential sector, will stay flat, saying the market condition will be good as long as it does... Read more
Market expected to peak in 2020
BY Roznah Abdul Jabbar The Malaysian property market is expected to see growth in the next three years and could be expected to peak in 2020, said PPC International Sdn Bhd’s chief executive officer, Siva Shanker. He said the property sector’s transaction volume and value are expected to pick... Read more
Flattish market for a while, say industry experts
BY Roznah Abdul Jabbar The property market, especially the residential sector, will remain flat, not only in the second half of the year but for a period beyond it, said managing director of valuation firm, Khong & Jaafar Sdn Bhd, Elvin Fernandez. Speaking at the press conference at the... Read more
Tabung Haji not selling TRX land
In response to speculation by certain quarters, the Malaysian hajj pilgrims fund board Tabung Haji has indicated that it will not sell the Tun Razak Exchange (TRX) land that it purchased from 1Malaysia Development Bhd (1MDB). A Bernama report quotes Tabung Haji chief executive officer Datuk Johan Abdullah as... Read more
Chinese firm buys JB land at record price
Underscored as one of the highest land transactions in the Iskandar region to-date, a China-based developer recently inked a RM2.37 billion deal to acquire three parcels of land measuring 127.92 acres in Plentong, JB to jointly-develop an RM18.4 billion mixed development project with Iskandar Waterfront City Bhd’s (IWCB) subsidiary,... Read more