News by M

The garment manufacturer-turned-property developer had entered into three separate conditional sale and purchase agreements (SPAs) with the vendors of PTS Impression Sdn Bhd, Yuten Development Sdn Bhd and Admiral City Sdn Bhd.

Galactic Maritime is principally involved in the provision of reclamation dredging and environmental protection dredging services. It owns five vessels with an average fleet age of eight years.

Penang housing exco Jagdeep Singh Deo said Budget 2016 failed entirely to address the issue of the difficulty first-time house buyers had in securing a bank loan for an affordable home, despite calls from numerous stakeholders and lawmakers for it to do so in the run-up to its announcement.

Novum, formerly known as Resonance, will come up on a three-acre freehold parcel along the Federal Highway. It will comprise three towers of 37 to 41 storeys, featuring 729 condos with built-ups of 647 to 1,445 sq ft. These include dual-key units.

Based on theedgeproperty.com’s analysis of transactions, the average price and transaction volume of non-landed residences in Selayang, Selangor have been on diverging paths since mid-2013 with momentum picking up in recent years.

The weaker ringgit may cause property prices to increase due to higher cost of building materials expected in the next three to six months. This may further weaken the already poor market sentiment.

Consultants and agents weigh in on the lack of tax initiatives in Budget 2016 for the first-time homebuyer

Several recommendations by the property sector have been incorporated in Budget 2016 but not sufficiently

Property consultants take encouragement from transport initiatives, but are on the whole unimpressed by Budget 2016

According to group managing director Tan Sri Leong Hoy Kum, the government’s continued efforts to make the high-speed rail a reality and its commitment to improve highways, MRT and LRT will directly benefit Mah Sing since 61% of the company’s landbank in terms of gross development value is in Greater KL.