News about Malaysia

PETALING JAYA (Oct 12): Knight Frank Malaysia in a statement today said the federal government's Budget 2020 announcement is a bold move aimed at the overhang of condominiums and serviced apartments amounting to RM8.

To have a well-managed and well-maintained property, one would need to have a team of people to run the day-to-day operations of managing the property to ensure that it is always at its optimum.

  PETALING JAYA (Oct 11): The Malaysian Institute of Architects (PAM) is looking forward to the many new or revived development projects announced in Budget 2020 such the ECRL, Bandar Malaysia township, upgrading of airports, and Carey Island development to make Port Klang maritime centre and cargo logistics hub.

  PETALING JAYA (October 11): While the move to bring down the buying threshold by foreign property purchasers would help spur interest from some foreign buyers, it is unclear how significant of an effect it will have, said Henry Butcher (M) Sdn Bhd chief operating officer Tang Chee Meng.

PETALING JAYA (Oct 11): The government should be very careful in allocating funds to repair and refurbish low- and medium-cost strata housing as it could be sending the wrong message to the owners, warned the Building Managers Association of Malaysia (BMAM).

  PETALING JAYA (Oct 11): While the government’s move to reinstate the maintenance of low and medium cost strata housing is laudable, it is likely that the state of these houses will fall back to square one if the real issue is not tackled, according to the Malaysian Institute of Property and Facility Managers (MIPFM).

  PETALING JAYA (OCT 11): The Real Estate and Housing Developers’ Association Malaysia (Rehda) hopes that more government incentives will be forthcoming to further spur the property market after the Home Ownership Campaign 2019 (HOC 2019) ends Dec 31, 2019.

KUALA LUMPUR (Oct 11): Pragmatic, carefully curated to benefit the rakyat across ethnic groups and with timely incentives to reduce the country's dependence on foreign labour — these are among the comments from Malaysia's top bankers on Budget 2020, which was tabled in Parliament today by Finance Minister Lim Guan Eng.

PETALING JAYA (October 11): Master Builders Association of Malaysia (MBAM) president Foo Chek Lee believes that the infrastructure projects proposed under Budget 2020 which was tabled in Parliament today will help the construction industry and stimulate the growth of about 140 downstream industries.

PETALING JAYA (October 11): The price of properties in Penang will rise if the foreign buying threshold in the state is lowered, said Henry Butcher Malaysia (Penang) Asset Valuation executive vice-president for asset valuation Shawn Ong believes that  The Malaysian government announced a proposal in Budget 2020 to lower the foreign buying threshold for condominiums and apartments in urban areas from RM1 million to RM600,000 in 2020.