Launches and sales increased slightly in 1H2024, but higher construction costs stifling growth — Rehda survey
The Malaysian property market exhibited mixed signals in the first half of 2024 (1H2024).
Editor's Pick
Concorde Hotel Kuala Lumpur not for sale, says chairman
“Our business is performing exceptionally well and we are seeing strong results. Our shareholders are satisfied with our progress and the direction we are taking.”
DONE DEAL: Verticas Residensi, Bukit Bintang, Kuala Lumpur
Noteworthy:
- Freehold
- Built-up size: 1,802 sq ft
- Floor level: High
- 3 bedrooms, 2 bathrooms
- Fully furnished
- Nearby amenities: TERKL, KLCC Park, Perdana Botanical Gardens, Pavilion KL, Tung Shin Hospital, Raja Chulan monorail station, MRT Bukit Bintang, Central Market
- Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH, Jalan Ampang, Jalan Tun Razak
When: June 2024
WCSC 2024 calls for concerted efforts on urban regeneration to create inclusive, equitable communities
Urban regeneration is a shared responsibility and should foster community ownership.
DONE DEAL: Town house, Taman Bukit Serdang, Selangor
Noteworthy:
- Freehold
- Built-up size: 1,340 sq ft
- 3 bedrooms, 2 bathrooms
- Semi-furnished
- Nearby amenities: Bukit Serdang Hiking Trail, Bayan Club Seri Kembangan, Selangor Turf Club, National Stadium Bukit Jalil, IOI City Mall, MAEPS Serdang
- Accessibility: Sungai Besi Expressway, North-South Expressway, MEX, LDP, SKVE
When: May 2024
Madani housing units mandatory for large landholdings, says KL mayor
"... while land less than five acres is encouraged to contribute to the establishment of such units.”
Three companies face fine for bid rigging in RM45m PPJ tenders — MyCC
The companies involved are Abadi Malaysia Sdn Bhd, Kota Lanskap Sdn Bhd and Usia Maintenance Sdn Bhd.
Works Ministry drafting new national slope policy — Nanta Linggi
The policy has been proposed to take effect starting this year until 2035, taking into account current developments and more proactive measures to reduce any incidents such as landslides.
Malaysia’s property sales surge 23.8% y-o-y to RM105b in 1H2024, says Napic
Malaysia’s property transaction value soared to RM105.65 billion in the first half of 2024 (1H2024), marking a 23.8% year-on-year (y-o-y) increase — the highest in five years — according to the National Property Information Centre (Napic).
Lower toll rates possible if highway development costs properly managed, says PM
Prime Minister Datuk Seri Anwar Ibrahim said that toll rates could be reduced if highway development costs are managed effectively and are free from leakage or corruption.
