The coronavirus, or Covid-19, has brought the whole world to a standstill, and the property market is no exception with mounting pressure on the supply and demand. Knight Frank Malaysia is expecting lower activity in leasing and investment in commercial office. The firm's executive director of corporate services Teh Young ... Read More

The Penang Island City Council (MBPP) has temporarily closed the market in the Sri Aman Complex in Relau for three days, beginning from today. It is the first market in the state to be shut down by the authorities since the movement control order (MCO) was enforced on March 18 ... Read More

Defence Minister Datuk Seri Ismail Sabri reminded the public today that the movement control order (MCO) applies even within gated vicinities, the Malay Mail reported today. The warning followed allegations that many residents in gated communities were found outside their homes, with some said to be jogging in large groups ... Read More

Surrounding Development MORE DEVELOPMENT ... Read More

Yet another residential development scheme proposed at Tasek Gelugor, by Ihsan Ceria Sdn. Bhd. It is located on a 9.5-acre land along Jalan Tok Bedu, about 3 minutes drive from Tasek Gelugor town centre. The site is just a stone's throw away from Setia Fontaines township by SP Setia This ... Read More

With the Movement Control Order (MCO) in Malaysia extended for another two weeks to April 14, 2020 to curb the spread of the COVID-19 outbreak, property sales galleries will remain closed and construction works halted until then. Property developers may have a slight buffer from unbilled sales to cushion the ... Read More

BNM has issued a FAQ on the six-month loan repayment moratorium, which clarified that borrowers need not apply as the process is automatic. The central bank also clarified that the interest will continue to accrue during the deferment period. This could result in higher subsequent instalment amount or an extension ... Read More

Automatic moratorium on loan repayments will be granted to small and medium enterprises (SMEs) and individuals — an additional measure taken by Bank Negara Malaysia to relieve the burden on businesses and households that are expected to be affected by the COVID-19 outbreak. The central bank has written to the ... Read More

Malaysia's Movement Control Order (MCO) currently taking place to curb the spread of the COVID-19 virus outbreak in the country must include property management in its list of essential services. "This is a major issue. Property management is not considered an essential service although it ensures all services such as ... Read More

Yet another proposed residential development by Grandpalms Development Sdn. Bhd. (subsidiary of WHH Land) at Bukit Mertajam. Located along Jalan Machang Bubok, this development is only a mere minutes drive from Bukit Mertajam town centre. Neighboring communities include Tropicale Residency, The Navens, Hillpark Residences, and a few others. This development comprises three ... Read More