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JUST about a month ago, the National Property Information Centre (Napic) released the Malaysian housing data for the first quarter (Q1) period ended 2019. There are several interesting findings from the state of the Malaysian property market in the first quarter, especially for homebuyers but definitely not for developers, as overhang remains elevated.
GEORGE TOWN: The current interest rates for housing loans are attracting potential property hunters.
THE Penang property market, over the short to medium term, is expected to be challenging as a result of strong incoming supply of new units.
OF late, there have been calls from different quarters appealing to the government to reduce the pricing threshold of properties that foreigners are allowed to buy.
Khazanah Research Institute director Suraya Ismail once likened houses to cars. Although that analogy may not be appropriate as a car is a depreciating asset, she was trying to bring home the point that just as our roads are not filled with Mercedes and Bentleys, so our housing market must display a range of prices.
Comment by Pankaj C. Kumar Much has been commented about the housing market overhang as well as oversupply the past week, mostly coming from the recently released Property Market Report 2018 by National Property Information Center (Napic).
PETALING JAYA: Public housing agency Perbadanan PR1MA Malaysia may be dissolved, pending a due diligence and turnaround plan which hinges on the take-up rate of its units becoming actual sales.
PETALING JAYA: Perbadanan PR1MA Malaysia (PR1MA) has reduced prices by as much as a quarter under the current Home Ownership Campaign, with many of the houses sold below launching price and even lower than market price.
DEVELOPER Mah Sing Group Bhd’s wholly owned subsidiary Mah Sing Properties Sdn Bhd has acquired prime freehold land in Mukim Petaling measuring approximately 1.87ha for RM90.3mil.