The secondary property market in the country has good potential as the prices of the houses could be 30-40 per cent lower than the new ones, said the Malaysia Institute of Estate Agents (MIEA). Its president, Siva Shanker, said many people were unaware of the hidden ‘gems’ in the secondary ... Read More

Property analysts and experts are mixed in their property market outlook for next year due to the uncertainty that is looming ahead of the Goods and Services Tax (GST) implementation next year. While many are expecting the property sector to dip, MIDF Research property analyst Ahmad Annuar Rahman said property ... Read More

The construction sector is expected to remain attractive next year amid a weaker domestic currency due to lower demand for commodities and the general public apprehension over the goods and services tax (GST). Malaysia Building Society Bhd president and CEO Datuk Ahmad Zaini Osman said he expected the property market ... Read More

State excecutive councillor for Housing and Town & Country Planning Jagdeep Singh Deo has lashed out to irresponsible tenants of low cost (LC), low-medium cost (LMC) and affordable housing housing renting out their units when it is a clear breach of tenancy agreement. The Selection Process Enhancement Committee (SPEC) chaired ... Read More

Bank Negara Malaysia is likely to cut its overnight policy rate (OPR) by 25 basis points in 2015, as the fall in the oil prices would cushion the pressure on inflation, according to UBS. The central bank last increased its OPR in July 2014 to 3.25%, after keeping it at ... Read More

Federal development agencies JKP Sdn Bhd and the Penang Regional Development Authority (Perda) have agreed to comply with state requirements on their projects in Penang. Federal Action Council chairman Datuk Zainal Abidin Osman said JKP and Perda will be amending their development plans to comply with what the state government ... Read More

If you live in Kuala Lumpur, George Town or Butterworth and have ideas to make your city a better place to live, you can tap Think City for its new RM30 million public grant for urban renewal. Fresh off a successful run of pumping RM17.5 million in grants to inject ... Read More

Penang Island will soon be declared a city, the state government confirmed today, after announcing Putrajaya’s approval of its status application made back in January 2010. State local government and traffic management committee chairman Chow Kon Yeow said the Cabinet finally approved the upgrade at a meeting last month. He ... Read More

Joint management bodies (JMB) of high-rise buildings in four states and the Federal Territory want a special tariff for electricity to be introduced. They are asking the Energy, Green Technology and Water Ministry to intervene in the matter. Tanjong MP Ng Wei Aik said the JMBs and other management corporations ... Read More

Work to revitalise the abandoned Majestic Heights Phase 2A project in Paya Terubong, Penang, can go ahead only with the cooperation of at least 220 owners. Chief Minister Lim Guan Eng said that so far, 127 unit owners had signed the agreement to execute the commencement of the project. “We ... Read More