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PETALING JAYA: The next six months will shed light as to where the housing sector is heading but analysts and property consultants are not holding their breath, as many structural issues remain unresolved.
In the movie “A Few Good Men, ” Tom Cruise plays military lawyer Lieutenant Daniel Kaffee against Jack Nicholson’s Colonel Nathan Jessup.
PETALING JAYA: The number of completed and unsold properties from all segments rose to RM41.5bil as at end-2019, with close to 57,000 units sitting on the books of developers, according to the National Property Information Centre (Napic)
Legal entities ask parliamentarians to put aside differences
PETALING JAYA: The property market is “sailing through a storm” with many uncertainties swirling about and buyers are unlikely to commit to big-ticket items like properties and hire purchases, UOB Kay Hian said in a report.
PETALING JAYA: Property developers are seeking an extension of time (EOT) from the government to complete their properties as a result of the movement control order (MCO), failing which they will have to pay buyers late delivery charges, among others.
PETALING JAYA: Property-related organisations are appealing to the Health Ministry and the National Security Council (NSC) to classify property management as essential service during the movement control order (MCO) period.
It is too early to gauge the economic fallout in all its entirety on the housing sector as a result of Covid-19 pandemic.
KUALA LUMPUR: Small and medium-sized industries involved in the organisation of business events and property valuation firms have separately urged the government to help their respective industry, failing which many of their members would have to cease operations, leading to massive unemployment.