Primary market sales improved amid fewer new launches
Selangor recorded the highest number of new launches in the country last year, capturing nearly 17% (9,970 units) of the total launches nationwide.
KL residential transactions up 1.1% in 2019
JPPH: The market saw a higher number of transactions in the RM500,000 to RM1 million price bracket. Condominium and apartment units continued to propel the residential market, contributing 47% of total transactions in KL.
Housing loan applications and approvals surged in 2019
JPPH noted that the property market's performance last year was boosted by various incentives by the government
Laughing at kitchen fails
The MCO has spurred many to embrace cooking, even those with little experience are dabbling in the kitchen as they face no prospects of eating out. Some have seen their cooking skills soar, while many crashed and burned.
Russian baby born in abandoned house after parents stranded in KL
They began their travels on Oct 4, 2019 and had planned to return to their home in Arkhangelsk, Russia on March 22 after visiting Thailand, Laos, Vietnam, China and Malaysia.
DONE DEAL: Semidee house, 8 Villa, Taman Yarl, Kuala Lumpur
Sold for: RM2,000,000 (RM654.24 psf based on land area); Concluded by: Joseph Tin (REN 31981) (019-265 6602) of Tech Realtors Properties Sdn Bhd; When: December 2019
Trump says China wants him to lose his bid for re-election
In an interview with Reuters in the Oval Office, Trump talked tough on China and said he was looking at different options in terms of consequences for Beijing over the virus. “I can do a lot,” he said.
Malaysian retail malls' occupancy at 79% in 2019, offices at 81%
According to the Valuation and Property Services Department (JPPH), Kuala Lumpur's retail sector or shopping complexes secured more than 83% occupancy whereas Selangor saw a slight drop to 82%.
Property overhang down 5% in 2019 but serviced apartment segment spiked
The number of overhang properties had decreased by 5.1% in volume and 5.2% in value to 30,664 overhang units worth RM18.82 billion respectively, according to the Valuation and Property Services Department (JPPH).
Malaysian property transactions up almost 5% in 2019
According to the Valuation and Property Services Department (JPPH), majority of the property segments have seen market improvements in transaction volume with the commercial segment recording the highest y-o-y growth of 7.2%, followed by residential (6%), industrial (3.8%) and agricultural (2%). However, development land transactions dropped 1.2%.
