Property News

UDA launches nationwide property carnival
UDA Holdings Bhd (UDA) has launched its property carnival U4RIA 2015 to offer prospective buyers a wide array of property products. The property carnival is being held simultaneously across the country by UDA subsidiaries, mainly in the Klang Valley (UDA Land Central Sdn Bhd), the northern region (UDA Land North), ... Read More

Finally an honest admission – House prices in Malaysia are unaffordable
The National House Buyers Association (HBA) is glad that the research report by Khazanah Research Institute (Khazanah Research) released on Aug 24, 2015 titled “Making Housing Affordable” shows that average house prices in Malaysia are more than four times the median income, which makes such properties to be considered as ... Read More

Poor sentiment but prices still holding
Sentiment matters. But there does not seem to be “much documented evidence” that property sales are as bad as painted out to be, according to a few property consultants, some of whom declined to be named. Using figures by the National Property Information Centre (Napic) as well as figures from ... Read More

Wanted to Buy More Properties?
Listen to Miichael Yeoh on how to leverage in order to buy more properties. Miichael is no stranger in the property industry. He has spoken for numerous developers and property exhibitions in and out of Malaysia. His articles are frequently featured in magazines and newspapers. He has worked for prominent ... Read More

Sales worth RM153.7mil chalked up during the four-day event
Some 40,000 people turned up at the Star Property Fair 2015 to check out the best bargains offered. As a result, the Kuala Lumpur and Penang-based developers closed RM153.7mil worth of sales during a four-day property fair which ended yesterday at the Queensbay Mall. Based on buyers’ feedback, they still ... Read More

Property sales hit RM79m as fair enters third day
Some developers at the Star Property Fair 2015 were able to register RM79.2mil in sales despite the current economic challenges. Eco World Development Group Bhd (RM14mil), Asia Green Group (RM5.4mil), Tambun Indah Land Bhd (RM6.8mil), Ideal Property Group (RM10mil), Numestro City Sdn Bhd (RM3mil), and the developers represented by Zeon ... Read More

Long wait for permits impacts building industry, says group
There are 47 residential projects in Penang with a gross development value of over RM10bil still waiting for the advertising permit and developer licence (APDL) to be released by the Urban Wellbeing, Housing, and Local Government Ministry. Penang Master Builders & Materials Dealers Association (PMBBMDA) president Datuk Lim Kai Seng ... Read More

State government eases group’s application for affordable units
The Penang government has finalised the application procedure and criteria for employees with talent and skills in Penang to own affordable housing units in the state. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said investPenang proposed that the Selection Process Enhance-ment Committee waive the requirement that ... Read More

Zeti’s advice to first-time home buyers
They must meet the affordability criteria to avoid debt burden First-time home buyers should ensure they meet the affordability criteria before buying a home to avoid taking on a debt burden they cannot handle. Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said banks had provided individuals “many flexible ... Read More

Eco World seeks approval
Property developer Eco World Development Group Bhd is seeking shareholders’ approval for its multi-million ringgit mixed project in Penang. The company issued a circular to Bursa Malaysia detailing two land parcels totalling 449.64 acres in Batu Kawan, which it is acquiring and plans to develop for a total consideration of ... Read More
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