News about US

KUALA LUMPUR (Oct 25): Axis Real Estate Investment Trust (REIT) has acquired a warehouse logistics facility built on leasehold land in Pasir Gudang, Johor for RM32 million.

KUALA LUMPUR (Oct 22): Gagasan Nadi Cergas Bhd has secured a contract from the Employees Provident Fund’s wholly-owned subsidiary Kwasa Land Sdn Bhd to develop an affordable housing project in Selangor with a gross development value of RM1 billion.

KUALA LUMPUR (Oct 22): CapitaLand Malaysia Trust (CLMT) (formerly known as Capitaland Malaysia Mall Trust) saw its net property income (NPI) for the third quarter ended Sept 30, 2021 (3QFY21) contracted 54.

The Minister of Housing and Local Government Datuk Seri Reezal Merican Naina Merican said in a recent Parliament sitting that there were currently 79 abandoned housing projects involving 17,724 housing units in Peninsular Malaysia, affecting 11,824 buyers.

KUALA LUMPUR (Oct 21): Malaysia's new Covid-19 cases rose to 6,210 on Thursday — up 12.

PETALING JAYA (Oct 21): According to Real Estate and Housing Developers’ Association Malaysia (REHDA), as at Sept 30, 2021, a total of 73,503 houses worth of RM56.

KUALA LUMPUR (Oct 21): KIP Real Estate Investment Trust's (REIT) net property income (NPI) fell 2.

KUALA LUMPUR (Oct 16): Housing problems such as supply overhang and affordability issue will not be solved without “policy interventions to try to replicate the preferred market outcome”, say two academics.

In our earlier article “Renovation: Get it right from the start”, we have discussed the emergence of the renovation industry due to the mass housing developments which fail to meet individual buyers’ needs.

Reapfield Properties HQ real estate negotiator Andrew Tan, who is also a resident of Desa ParkCity for over a decade admits that when the residents first heard about Sofiya Residensi, objections were filed to the developer, on the basis that the project would mar the whole exclusivity of Desa ParkCity.