Rehda: Property prices steady in Klang Valley
By BUSINESS TIMESThere is no bubble waiting to burst in the country, says Real Estate and Housing Developers’ AssociationRESIDENTIAL property prices in the Klang Valley have been staying at current levels since the fuel price increase in June, Real Estate and Housing Developers’ Association’s (Rehda) Selangor branch chairman Datuk FD Iskandar Mohamed Mansor says.”I have [...]
M’sia urged to promote property tourism
By THE STARIt benefits the local hotel and retail industry PETALING JAYA: Malaysia should promote “property” tourism to bring in foreign direct investment that would benefit not only the economy but also the retail industry. International Real Estate Federation (FIABCI) Malaysia president Datuk Richard Fong said some real estate agencies in Penang had started to [...]
Mutiara set to launch RM1b worth of projects
By THE STARIt plans to launch RM1bil worth of developments next year despite poor economic outlook KUALA LUMPUR: Mutiara Goodyear Development Bhd plans to launch about RM1bil worth of projects next year despite the poor economic outlook, said chief executive officer Kee Cheng Teik. “Although the economic uncertainty has hit investors’ confidence level, there was [...]
YNH: No delay in sale of property
By BUSINESS TIMESPROPERTY developer YNH Property Bhd said there is no delay in the sale of the first block of its RM2.1 billion YNH Tower development in Kuala Lumpur to Kuwait Finance House (KFH) Bhd.It also clarified that it is in no hurry to sell the second block or seek a joint venture partner to [...]
China, S.Korea must do more to avoid property crash
By REUTERSHONG KONG/SEOUL: China and South Korea have moved to prop up their frazzled housing markets but probably need to do much more to avoid major price slides that could ruin developers, damage banks and threaten the region’s economies.A share price collapse this week for Chinese property developers such as Guangzhou R&F and China Overseas [...]
Sunrise to proceed with launch of 3 projects
By BUSINESS TIMESPROPERTY developer Sunrise Bhd said it will go ahead with the launch of two projects in Malaysia and one in Canada next year, worth a combined RM2.5 billion, despite concerns over cooling property prices.The projects were supposed to be launched from December this year, but were deferred by a few months due to [...]
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