News about Malaysia

Banking sector Maintain neutral: On Tuesday, Perumahan Rakyat 1Malaysia (PR1MA) announced that the Special PR1MA End-Financing Scheme for first-time house buyers announced in Budget 2017 will benefit at least 15,000 buyers.

While there was a sharp drop in the volume of transactions across all subsectors in the property market last year, average prices per unit are still increasing 5%, says CBRE | WTW managing director Foo Gee Jen in presenting the Malaysia series of the property consultancy firm’s Asia-Pacific Real Estate Market Outlook for 2017.

PETALING JAYA (Feb 10): Property prices in Johor’s Iskandar Malaysia is expected to drop in 2017 due to weak market sentiments and other challenges, but there are opportunities for developers to target buyers from overseas, said Landserve (Johor) Sdn Bhd executive director Wee Soon Chit.

AS the saying goes, home is where the heart is.

DUE to the overall weak ringgit and uncertain economic landscape, the property market in Malaysia will continue to be very challenging, says Foo Gee Jen, managing director of property consultancy CBRE|WTW.

PETALING JAYA (Feb 3): Rising interest rates in the US have sparked concerns that it will impact the rest of the world including Malaysia’s property sector.

KUALA LUMPUR (Feb 2): Berjaya Land Bhd has acquired 10 million shares or a 0.

AFTER operating for almost 15 years and now enjoying record-high passenger volumes, many would ­expect that KLIA Ekspres to be a commercially viable project that can stand on its own.

KUALA LUMPUR (Jan 27): Malaysian Resources Corp Bhd’s (MRCB) memorandum of understanding (MoU) with Wondrous Vista Development Sdn Bhd and IWH CREC Sdn Bhd to collaborate with each other to develop an integrated transportation terminal in Bandar Malaysia has lapsed.

KUALA LUMPUR (Jan 26): Cycle & Carriage Bintang Bhd (CCB) is buying a piece of leasehold land together with a factory building located opposite the Bandar Malaysia project for RM59.