Singapore mainboard-listed property developer Oxley Holdings has announced pre-sales of 60% for its Kuala Lumpur project, Jewel by Oxley KLCC. This has totalled $93 million in pre-sales for the developer. Jewel by Oxley KLCC is the 267-unit serviced residence component of the mixed-use development, Oxley Towers KLCC, a freehold project by the Singapore developer. The entire project comprises a...

The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah (pictured) wants the government to double its efforts in preserving the well-being of the people and developing the federal territories as distinguished and sustainable cities. His Majesty hoped that assistance to the poor and low income groups in the federal territories can be given special focus by the government by,...

The National House Buyers Association (HBA) applauds the recent directive from Bank Negara Malaysia (BNM) that banks must immediately cease charging “loan documentation fees” on housing loans (for conventional loans) and housing financing (for Islamic financing). The move by BNM for Banks to cease charging these “loan documentation fees” shows that the new unity government under our current...

Sunway Real Estate Investment Trust’s net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 18.8% to RM146.19 million from RM123.1 million a year ago, due to higher revenue and reversal of doubtful debts resulting from improved rental collection in the retail segment.  Quarterly revenue increased by 18.34% to RM186.73 million compared to RM157.8 million, the...

Local Government Development Minister Nga Kor Ming found himself and his ministry under attack for wanting to learn from the highly acclaimed Housing & Development Board (HDB) of Singapore. It is incredible how an attempt to improve the Malaysian public housing model, which is totally outdated and no longer feasible, could be viewed in a negative light. Instead of sticking our heads further into...

Let’s say you buy a three-room condominium unit for RM500,000 with a 10% down payment. The remaining is financed through a 35-year mortgage worth RM450,000, at 3.5% interest, which works out to a monthly repayment of RM1,860. With service fees, sinking funds, and other expenses, your cash outflow would be RM2,300 a month. How might you earn rental income from this property? Here are three ways. 1....

Airbnb announced that it has shared “detailed feedback and policy recommendations” with the Penang government’s executive committee in light of the state’s plan to regulate local short-term rental accommodation (STRA). Aimed at empowering local residents, these recommendations are focused on a balanced and simple approach towards regulating STRA, and are shaped by regulations that have been...

2022 came in as a recovery year when the Covid-19 pandemic was recategorised into an endemic. Unfortunately, the Ukraine War, which started on Feb 24, has taken a toll on all international markets. This war is expected to continue more into the cold winter months and demand for oil and gas (O&G) will continue to peak resulting in higher fuel prices. This has also resulted in escalations in raw...

The recent Malaysia Developers Awards (MDA) can help serve as an indication as to which company to approach when seeking to buy a property as they have proven to be financially strong and have the capacity to build quality homes. But adding to that list, here are several more reputable developers to consider. There is no shortage of candidates as every developer is ramping up their activities and...

The new unity government is expected to outline clear and consistent policies to strengthen the Malaysian market, which will be impacted because of global macroeconomic headwinds. According to Knight Frank Malaysia (KFM) group managing director Sarkunan Subramaniam, Malaysia needs to bring back investors’ trust and faith in order to see recovery across all sectors. “The global macroeconomic...