The Edge awards Malaysia’s top property players
KUALA LUMPUR: The country’s leading property players gathered here on Oct 8 to give recognition to the winners of The Edge Malaysia’s 7th Top Property Developers Award.
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MBAM, SCAL to jointly participate in construction business mission
KUALA LUMPUR: The Master Builders Association Malaysia (MBAM) and Singapore Contractors Association Ltd (SCAL) are jointly participating in the Construction Business Mission to Bangkok, Thailand, from Oct 8 to 10.
The Dubai Mall attracts 30 million visitors since opening
DUBAI: Since opening its doors in November 2008, The Dubai Mall, the world’s largest shopping and entertainment destination, has attracted 30 million visitors, Emaar Properties said in a press release dated Oct 5. The Dubai-based Emaar Properties PJSC is one of the world's largest real estate companies.
Rehda calls for lower stamp duty rates for property transfers in Budget 2010
KUALA LUMPUR: The Real Estate and Housing Developers’ Association (Rehda) Malaysia wants the stamp duty rates for property transfers to be reduced in Budget 2010.
Rehda Malaysia president, Datuk Ng Seing Liong said the association is also asking the government to increase the value range of the properties to be transferred.
Home sellers in US cut prices by US$28.4 billion, says Trulia
LOS ANGELES: US home sellers cut their asking prices by a total of US$28.4 billion (RM96 billion) to attract buyers as the real estate recovery stalled, Trulia Inc said.
US realtors, builders urge extension of tax credit for homebuyers
WASHINGTON: US lawmakers were urged on Oct 7 to extend the US$8,000 (RM27,000) first-time homebuyers credit past its Nov 30 expiration date, even as sales of new homes grew in August to the highest rate in almost a year.
Witnesses at a House Small Business Committee hearing called upon the US Congress to expand the credit to all homebuyers, not just newcomers to the market.
FHA’s US$54 billion in losses may require bailout
NEW YORK: The US Federal Housing Administration, which insures mortgages with low down payments, may require a US bailout because of US$54 billion (RM183 billlion) more in losses than it can withstand, a former Fannie Mae executive said.
US retail centre vacancies rise to 17-year high
LOS ANGELES: Vacancies at US shopping centres rose in 3Q to a 17-year high as unemployment climbed, consumers cut spending and stores closed, real estate research company Reis Inc said.
Rates still need to support recovery
SINGAPORE: Malaysia’s interest rates still need to support the country’s economic recovery, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said on Oct 7.
SDB Damansara waiting for further directives from DBKL on Damansara 21 project
KUALA LUMPUR: SDB Damansara Sdn Bhd, the developer of Damansara 21, is currently waiting for further directives from Kuala Lumpur City Hall (DBKL) on its Damansara 21 project.
