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Better outlook seen in residential, auto sectors
A BETTER outlook is expected in the residential property and automotive sectors in the short-term, the Malaysian Institute of Economic Research (Mier) said in its 4th quarter Sectoral Survey conducted recently.
Rental rise seen for high-rise luxury residential properties
PRICES of luxury high-rise residential properties within the Klang Valley are set to see an increase in rentals this year, but are unlikely to reach levels that were achieved before the global financial crisis hit in 2008, say experts.
Setia Haruman to invest RM2.5b in Cyberjaya mixed residential project
Master Developer of Cyberjaya, Setia Haruman Sdn Bhd, is investing RM2.5 billion over the next five years to develop four mixed residential projects in Cyberjaya, dubbed an “Intelligent City”.
Malaysia's residential property sector enters cooling phase
PETALING JAYA: The residential property segment, a sub-sector of the overall property market, appears to have entered “a cooling phase” in the first two quarters with sales expected to stay “moderate” for the coming third quarter, according to the Malaysian Institute of Economic Research (Mier).
Residential property needs ‘realistic’ evaluation
PETALING JAYA: The Malaysian residential market needs to be evaluated with a more realistic approach to curb the rising overhang that’s being caused by the current demand-supply mismatch in the market.
Over 30% increase in unsold residential properties in Malaysia
KAJANG: The year-on-year residential overhang in Malaysia increased to 32,313 units valued at RM19.86bil in 2018, an increase of 30.6% in volume and 27% in value, according to the Valuation and Property Services Department (JPPH).
Residential sector not facing big risk of severe downturn
PETALING JAYA: There is no great risk of any severe downturn in the residential sub-sector of the property market even though there is a slowdown in the broader property market at present, said property consultancy Khong & Jaafar managing director Elvin Fernandez.
Mah Sing plans eight residential launches this year
GEORGE TOWN: Mah Sing Group Bhd plans to launch eight residential projects in the country with an estimated gross development value (GDV) of RM2.2bil this year.
Sino Land-led group to pay record RM9.2bil for HK residential site
HONG KONG: A consortium led by Hong Kong’s developer Sino Land Co Ltd on Wednesday won a record HK$17.3bil (RM9.26bil) tender for a residential site in Kowloon, beating other 10 bidders.
Tan & Tan to launch gated residential estates
TAN TAN Developments Bhd is launching I>Tanamera/I>, the first of a series of private gated residential estates, built around the blueprints established from its successful I>Sierramas/Idevelopment in Sungai Buloh, Selangor.