Property News
Residential property prices to surge after COVID-19
Residential property prices are expected to surge in 2021 after stalling this year due to the Covid-19 pandemic, according to a nationwide study by real estate sales and media company Juwai IQI. In its Q1 2020 Property Index and Survey for Malaysia, Juwai IQI predicted that residential property prices would ... Read More
After 4 days without new cases, Penang hopeful of green zone status
After four days without new Covid-19 cases, the Penang government is hopeful the whole state could be declared a green zone state by April 27 if no new cases are reported in all of its districts for 14 days. Seberang Perai Selatan could be the first district to be a ... Read More
Penang can be green states if no new Covid-19 cases in 14 days
Kedah, Perlis and Penang can be the first states in the country to be declared as Covid-19 green states, according to Health Ministry director-general Dr Noor Hisham Abdullah in a Malaysiakini report yesterday. However, there is a catch to it. According to Noor Hisham, the three northern states would have ... Read More
Property prices expected to drop by as much as 20% following Covid-19
Property prices are expected to decline by as much as 20% in the next few months with more motivated sellers, as the impact of Covid-19 continues to unfold. During the online Asean Real Estate Forum, Malaysian Institute of Estate Agents (MIEA) president Lim Boon Ping said that the Malaysian real ... Read More
Penang police warn of stricter enforcement during MCO 3
"From now on, we will be very strict in our checks. "We will ask for every single detail such as their address and such until we are satisfied. “There is no reason for someone from Farlim to come all the way to Jelutong just to get food. Aren’t there any ... Read More
MIEA warns public to beware of property scams
The Malaysian Institute of Estate Agents (MIEA) is advising the public to be cautious in buying and selling properties during the Movement Control Order (MCO) period to avoid falling prey to scams. MIEA noted that amid the MCO, the majority of Malaysians who are keen to buy or sell property ... Read More
Jalan Sultan Azlan Shah flyover closed to Bayan Lepas-bound traffic from Monday (April 13)
The flyover along Jalan Sultan Azlan Shah here will be closed to traffic from George Town heading to Bayan Lepas from Monday (April 13) following the extension of the movement control order (MCO). Southwest district OCPD Supt A. Anbalagan said the closure was meant to limit public movement and at ... Read More
How cash-rich make money from property in virus crisis
Tang and Ng (not their real names) entered into separate sale and purchase agreements last month, paying 10% as deposit to buy a house each in Petaling Jaya and Puchong. The properties were priced at RM1.8 million and RM900,000. Tang paid RM180,000 while Ng paid RM90,000. However, both instructed their ... Read More
MCO extended two weeks to April 28
The movement control order (MCO) to curb the spread of Covid-19 in the country has been further extended to April 28, Prime Minister Muhyiddin Yassin said today. In a live telecast, he said the MCO had helped healthcare workers contain the spread of the infection. He added that the country’s ... Read More
Mah Sing and Iconic donate face masks to aid frontliners
Mah Sing Group and Mah Sing Foundation donated 30,000 surgical masks while Iconic Worldwide Berhad contributed 20,000 medical-grade face masks to the Penang government. Mah Sing was represented by head of northern region and senior general manager Lai Kok Soon; while Iconic was represented by managing director Datuk Tan Kean ... Read More
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