Malaysia’s listed property developers must have celebrated the country’s 53rd Merdeka Day with more gusto than usual — not because the local property climate has been kinder than elsewhere across the globe, but because the impl

PORT DICKSON: Some 1,049 problematic housing developers have been blacklisted by the Housing and Local Government Ministry.

Housing and Local Government Minister Datuk Chor Chee Heung said 3,782 board members had also been blacklisted.

He said the ministry would tighten conditions for housing developer licences to avoid projects from being abandoned.

KELANA JAYA: The second International Conference on World Class Sustainable Cities 2010 (WCSC) to be held in Kuala Lumpur on Oct 19 will focus on the need to enhance connectivity within Kuala Lumpur City.

KUALA LUMPUR: Zephyr Point, an upscale boutique development in Lorong Basong, Damansara Heights by Urban Hallmark Properties (UHP) is expected to be launched next month, said UHP's director Datuk Jeffrey Ng.

Ng added that Zephyr Point is almost complete and is now awaiting the issuance of its certificate of fitness (CF).

Malaysia’s listed property developers must have celebrated the country’s 53rd Merdeka Day with more gusto than usual — not because the local property climate has been kinder than elsewhere across the globe, but because the implementation of IFRIC 15, a new accounting practice, has been deferred.

KUALA LUMPUR: The Malaysia Accounting Standards Board (MASB) has deferred the implementation of the IC Interpretation 15 Agreements for the Construction of Real Estate (IC 15) from July 1, 2010 to Jan 1, 2012.

KUALA LUMPUR: AmResearch expects a sustained share price re-rating cycle for the property sector as the disconnect between the robust physical market and valuation of property equities will soon reverse.

• Belated re-rating of property stocks in Malaysia. Thus far this year, property equities have underperformed the rising market despite physical transaction volumes rising with consistently strong pricing trends. YTD, sector stalwarts – SP Setia and IJM Land, have underperformed the market by 1% and 6.9%, respectively.

9th – 15th Aug: Developers expect price hike in 2H10

· Another listless week
The property sector had a listless week which was inline with the broad market. KL Property Index was 0.5% lower while all property stocks under coverage posted losses for the week with the exception of Sunrise.

While the rest of the country was facing a slowd