KUALA LUMPUR: A luxurious serviced apartment worth RM1 million in Setia Alam awaits the national athlete who wins Malaysia’s first ever Olympic gold medal at the 2024 Olympic Games in Paris, from July 26 to August 11. Youth and Sports Minister Hannah Yeoh said the Road To Gold (RTG) committee received the offer from property developer Top Residency, which is interested in rewarding the country’s...
Malaysian
KUALA LUMPUR: The Malaysian property market was active in the first quarter of 2024 (Q1’24) with more than 104,297 transactions worth RM56.53 billion, a 34.3% jump in value compared with the first quarter a year ago. Valuation and Property Services Department director-general Abdul Razak Yusak said in terms of volume, property sub-sectors recorded positive growth in Q1’24; the commercial...
HONG Kong’s glittering skyscrapers mask a harsh reality: sky-high housing costs for many of its residents. This disparity between wealth and poverty is most evident in the city’s famous micro-apartments with Malaysian content creator Zuwei recently shedding light on this struggle. In the video posted by Hong Kong content creator Torres, Zuwei experiences life in a cramped 79-square-foot apartment...
KUALA LUMPUR: The Malaysian real estate sector’s growth is expected to continue this year despite the impending increase in Sales and Service Tax (SST) rate to 8% from 6% from March 1, according to international property consultants Rahim & Co International Sdn Bhd. Rahim & Co director of research and strategic planning Sulaiman Akhmadi Mohd Saheh said the market’s impressive performance in...
KUALA LUMPUR: The Malaysian property market is expected to stabilise in 2024 despite economic uncertainties, with certain areas and submarkets positioned for more robust growth. PropertyGuru country manager Sheldon Fernandez said there is also a high possibility of a temporary shift in buyers’ interest towards the rental market as housing unaffordability continues. “Opportunities exist for...
PETALING JAYA: Malaysia’s property market showed positive growth in the third quarter of 2023 with a 3.7% increase in volume and 22.6% in value compared to Q3;22. More than 100,000 transactions worth RM57.15 billion were recorded in the review period. According to the director-general of valuation and property services department, the residential continued to support the overall property market...
KAJANG: Malaysia’s real estate market recorded a stable performance in the first half of 2023 (H1’23), with the value of transactions increasing by 1.1% to RM85.37 billion from RM84.40 billion in H1’22. Deputy Finance Minister I Datuk Seri Ahmad Maslan said the volume of transactions, however, showed a marginal decrease of 2.1% to 184,140 for 1H 2023 versus 188,002 in the corresponding period...