KUALA LUMPUR: The Malaysian property market is too small and too cheap to attract foreign investors, said N K Tong, the branch chairman of Real Estate and Housing Developers’ Association of Malaysia (REHDA) Wilayah Persekutuan (KL) branch.

KUALA LUMPUR: Housing property prices are expected to rise further in the next six months by 10% to 20%, according to a survey conducted by The Real Estate and Housing Developers’ Association of Malaysia (REHDA).

Of the 133 respondents from all 12 states in Penisular Malaysia, 41% expect prices to increase by up to 10%, while 40% expect a hike of between 10% to 20%.

GEORGE TOWN: Plans by the state government to tender out the development of Bayan Mutiara in a bid to raise much-needed funds for its social programmes have been hailed as a step in the right direction for Penang to achieve its vision of becoming an international city.

KUALA LUMPUR: The property development market in Malaysia is not ready to completely adopt the build-then-sell (BTS) concept, said industry players together with Housing and Local Government Minister Datuk Wira Chor Chee Heung.

The International Financial Reporting Interpretations Committee 15 or IFRIC 15, and its impact on the property industry, has been hotly debated since the Malaysian Accounting Standards Board (MASB) announced its adoption effective July 1, 2010. 

Property Sector
IFRIC 15

Builders are upbeat about the prospects of Penang's real estate. A combination of factors - including dwindling land, George Town's World Heritage site status, and the success of the MM2H programme - has kept property prices on an uptrend and pulled in foreign investors. Interest has now spilled over to the mainland, boosted by the ongoing construction of the Second Penang Bridge.

Malaysia’s own Green Building Index (GBI) was launched in May last year.

KUALA LUMPUR: The recent fuel subsidy cut will result in higher construction costs leading to possibly higher property prices, said industry players.

Expressing its concern over the subsidy cut, Master Builders Association Malaysia (MBAM) secretary-general Yap Yoke Keong said the move could result in more expensive building materials due to an increase in transportation rates.

KUALA LUMPUR: Thirty-seven developers are showcasing 40 over property projects in the Klang Valley at the Malaysia Property Exposition (Mapex) 2010 from Friday, July 16 till Sunday at the Mid Valley Exhibition Centre.