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REAL Estate and Housing Developers Association Malaysia (Rehda) estimates sales of 120,000 houses in the RM180,000 and below price bracket over the next 12 months given the incentives offered in the latest economic package.
IN view of the uncertain global economic environment, the government will have the challenging task of trying to balance managing domestic reserves against stimulating Malaysia#146;s economic growth through spending and extending tax incentives.
PROPERTY counters are basking in the limelight again, with investors seeing them as good investment opportunities after the good sales and strong earnings posted by some of the property groups, especially those focusing on residential development.
Views from Tan Sri Mustapha Kamal, Datuk Seri Liew Kee Sin and Datuk Jeffrey Ng.
TODAY we feature some of the CEOs helming corporations in which the government has a direct interest. They are Datuk Dr Md Khir Rahman of Telekom Malaysia Bhd, Datuk Hamad Kama Piah of Permodalan Nasional Bhd (PNB), Tan Sri Lodin Wok Kamaruddin of Boustead Holdings, and Dr Radzuan Abdul Rahman of Island and Peninsular Bhd (IP).
What is the outlook for the commercial and retail sectors? In part two of the StarBiz Property Roundtable, MK Land Holdings Bhd executive director Datuk P. Kasi, Sunway City Bhd managing director Datuk C.K. Wong, Sunrise Bhd chief executive officer Datuk Michael Yam, LBS Bina Group Bhd managing director Datuk Lim Hock San, DTZ Nawawi Tie Leung Sdn Bhd executive director Brian Koh, and AmResearch Sdn Bhd executive director Gan Kim Khoon say these sectors have improved substantially and are on the road to recovery. The industry leaders also deliberated on the new trends in the property industry as well as their expectations for Budget 2005 with assistant news editor ANGIE NG and journalists ELAINE ANG and PANG HONG YEE.
Sime UEP Properties Bhd should see a higher operating profit this financial year ending June 30, 2005, helped by competitively priced residential products from its major property development projects.
Rapid urbanisation and the country's demographic profile with its sizeable population of young people offer tremendous opportunities for developers of medium-priced houses. LBS Bina Group Bhd, one of the leading players in the affordable sector, believes it will make good headway in the industry by incorporating more value-added features in its property products.