PETALING JAYA: HHRG Bhd’s wholly owned subsidiary, HH Properties Kulim Sdn Bhd, has entered into an agreement with four individual vendors to purchase their entire equity stake in Kulim Property Sdn Bhd for a consideration of RM4.5mil. The acquisition includes all 1.17 million ordinary shares in Kulim Property, which...
PETALING JAYA: Malaysian Resources Corp Bhd’s (MRCB) growth is expected to be driven by the redevelopment of Stadium Shah Alam and Kuala Lumpur Sentral Station, its RM30bil tender book and the newly launched RM1.2bil Vista residential project in the Gold Coast, Australia. Its strategy to expand business overseas has...
PropertyGuru Malaysia Property Market Report Q3 2023 In Q1 2023, Malaysia’s economy reported a 5.6% YoY growth rate, identical to the growth rate in the same period of the previous year. Driving this growth was the Services sector, bolstered by the rebound in tourism, a thriving real estate market, and improving business services. Additional support came from robust private consumption,...
PropertyGuru Malaysia Property Market Report Empowering Malaysians To Make More Confident Property Decisions At PropertyGuru, we are passionate about helping homebuyers find and secure the home they have always wanted. We created the Malaysia Property Market Report (MPMR) to help regular Malaysians understand the movement of the property market better, so that buyers can offer reasonable prices...
PETALING JAYA: The local property market is gradually returning to normalcy as indicated by an increase in the number of launches and sales, according to the Real Estate and Housing Developers Association Malaysia (Rehda). Rehda president Datuk NK Tong said that just over half of the respondents (53%) planned to launch projects in the second half of 2023 (H2’23). However, of these, three-quarters...
KUALA LUMPUR: LBS Bina Group Bhd anticipates the property market to grow in an upward trajectory with increasing loan applications besides more strategic and planned launches this year. “With this, we have launched RM1.4bil worth of projects and we are on track to launch an estimated RM2.09bil across Klang Valley,...
PETALING JAYA: MGB Bhd has secured a letter of award from Seloka Sinaran Sdn Bhd to develop three property projects in Sepang, Selangor, for RM156.83mil. In a filing with Bursa Malaysia, MGB said the projects will comprise the developments of single and double storey homes, a community centre, a guard house and TNB...
ACCORDING to the Construction Industry Development Board (CIDB), the Industrialised Building System (IBS) adoption rate in government projects has increased to 84% in 2021 from 79.5% in 2020; whereas in private projects, it had tremendously increased to 60% in 2021 compared with 41% in 2020. A higher adoption rate in government projects is always understandable, as it is the result of mandatory...
KUALA LUMPUR: Malaysia's property market activity has declined by 5.7 per cent in the first quarter (1Q) of 2023 with more than 89,000 transactions worth RM42.31 billion compared to the same period last year, said the Ministry of Finance (MoF). According to the National Property Information Centre (NAPIC), MoF, the total...
PETALING JAYA: The Malaysian property market remained robust despite the rise in the overnight policy rate (OPR) by 25 basis points to 3.0 per cent, said the Real Estate and Housing Developers' Association (Rehda) Malaysia. Its president Datuk NK Tong noted that there will be a tailwind amidst the inflationary environment particularly after the property sector is opening up after three years of...