KUALA LUMPUR: Haily Group Bhd (HGB), one of the key players in Johor’s construction industry, remains optimistic about its growth prospects as it continues to secure contracts and expand its footprint in Johor’s property development sector. With a robust order book of 26 ongoing projects valued at RM857.93 million, HGB is well-positioned to capitalise on the state’s economic growth and ongoing...
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IPOH: The Ministry of Housing and Local Government (KPKT) has allocated RM14 million for the reconstruction of the Pasir Pinji Market, which will accommodate 214 traders. Minister Nga Kor Ming stated that the project, which is expected to be completed by 2027, will not only boost the local economy but could also potentially become a tourist attraction. “Today, I am announcing an RM14 million...
PETALING JAYA: UOA Real Estate Investment Trust (UOA REIT) expects the office rental market to remain challenging, amidst escalating cost of doing business and influx of new office supply. In a filing with Bursa Malaysia, the company said that while it endeavours to improve the occupancy rates for buildings with higher...
KUALA LUMPUR: Total surface decorative products company Topmix Bhd today debuted on the ACE Market of Bursa Malaysia Securities with its share price opening at 41 sen, representing a premium of 32.3% over the issue price of 31 sen, on volume of 12.249 million shares. The counter closed at 42 sen on volume of 124.866 million shares, 11 sen or 35.5% above the issue price. Topmix managing director Teo...
PETALING JAYA: Tropicana Bhd is re-entering the Johor property market after a hiatus of about three years, with two launches planned for 2024, spurred by rapid growth in the state. According to Tropicana marketing and sales/business development managing director Ixora Ang, the company’s outlook for the southern state is bullish, underpinned by the announcements of several key developments such as the...
KUALA LUMPUR: Developers are largely still confident that the Malaysian property market will improve in the second half of the year, on the back of a more optimistic outlook for the domestic economic environment, according to Rehda Property Industry Survey for H2’23 and Market Outlook for 2024. Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk NK Tong said the...
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...
PropertyGuru Malaysia Property Market Report Q4 2023 The Malaysian residential property market has shown resilience amid economic challenges, with potential for growth driven by infrastructure developments and shifting consumer preferences towards the rental market. However, the market may face constraints on further price increases in the face of weak demand and increased listings. Infrastructure...
PETALING JAYA: The property market activity recorded more than 100,000 transactions worth RM57.15 billion in the third quarter of 2023 (Q3’23), an increase of 3.7% in volume and 22.6% in value compared with Q3’22, according to the Valuation and Property Services Department in the Finance Ministry. Disclosing this yesterday by the National Property Information Centre (Napic), it said that from the...