Reviewing 2018: 10 highlights
It would probably be an understatement to say the year 2018 has been an extraordinary year for Malaysia. Here are some of the highlights of 2018's news for the property sector.
Umno to open Janda Baik leadership retreat to public for the first time next March
The retreat, located at Janda Baik, Pahang, is envisioned as a resort and a venue for companies and universities to hold team building exercises.
Petition to fix potholed road signed by over 8,500 people
The petition was launched online, on Change.org, and was started on Dec 21 by Khairul Azlee Mohd Yunus, who urged via Facebook
PWTC still belongs to Umno, was not sold to Gerbang Perdana
Gerbang Perdana denied buying the party’s headquarters. The denial was issued in reponse to reports that that financial strain placed upon Umno's finances —which have been frozen due to links to the 1Malaysia Development Bhd case— necessitated the sale.
DONE DEAL: Ground floor of a 2-storey shopoffice in Bayan Lepas, Penang
Rented for: RM4,000, Concluded by: Mayzel Wong (REN 17359) (017-575 8999) of Khoo & Associates Realty, When: September 2018
Singapore goes underground
With a population of 5.6 million people, estimated to grow to 6.9 million by 2030 – the island nation will soon be out of space.
Median house price in Malaysia rises in 3Q18
From 2010 to 3Q18, median home prices peaked in 2017 at RM303,000, whereas price growth accelerated from 2012 to 2013 – from RM170,000 to RM250,000.
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Seafield temple: six charged with rioting and obstructing policemen
Jan 17 has been fixed by the court for mention.
Unsold homes increases by nearly 50%
A source said that JPPH uses data they receive from developers, and that if information is withheld, it would not paint an accurate picture of the current situation. JPPH’s latest report, states that Kuala Lumpur has no unsold completed serviced apartments or SoHos.
Indonesia admitted their mistake in holding M'sians hostage, says minister
Indonesia has informed Wisma Putra that its soldiers were wrong, and acknowledges Malaysia’s protest note on the matter, which involves two Tentera Nasional Indonesia (TNI) personnel on Malaysian territory.
