Property developer NCT Noble Sdn Bhd handed over the first instalment of refunds to purchasers of Phase 2 and 3 of the abandoned project called The Genting Valley Batang Kali, recently. The cheque handover ceremony, held by NCT and Scheme Manager, CRS Corporate Services Sdn Bhd (CRS), marks a significant day for the purchasers of the previously abandoned project as they received the first instalment...
South Brooks at Desa ParkCity has been picked the winner in the residential category of The Edge Malaysia-PEPS Value Creation Excellence Award this year. Part of The Edge Malaysia’s Property Excellence Awards 2022, the award recognises the property project in Malaysia with market value that has appreciated the most during the period judged. “South Brooks’ win is made more significant as its...
KUALA LUMPUR (Nov 9): It may be one of the largest home-grown real estate agencies in Malaysia and Singapore, but rather than striving to merely be number one, PropNex Realty Sdn Bhd aspires to build a legacy in the real estate business. According to PropNex Malaysia CEO Marcus Teng, the company aims to nurture an organisation with agents who see the real estate business as a long-term career and not...
Pavilion Genting Highland present an urban sanctuary that offers unique holistic experiences. Inspired by the lush environment is coming to the Entertainment City. It will become a new Global destination covering over an area of more than 280 acres of forested hilltop land comprising mixed-use components including a Global Retail Village and high rise condominiums and many more to serve...
LBS Bina Group Bhd (LBS) is pleased to announce that the group is a Top 10 winner at the Malaysia Developers Awards (MDA) 2022 Top-of-the-Chart (market cap under RM1bil) category. The award was presented by Ministry of Housing and Local Government Secretary-General Datuk M Noor Azman Taib to the group’s executive chairman Tan Sri Lim Hock San at the awards ceremony held at the Sunway...
Pavilion Real Estate Investment Trust, which is still in the midst of discussion to buy Pavilion Bukit Jalil mall from Malton Bhd, posted a higher net property income (NPI) of RM90.22 million in the third quarter ended Sept 30, 2022 (3QFY22). This is 90% higher than the RM47.47 million NPI recorded in 3QFY21, thanks to increased revenue as well as lower property operating expenses. Earnings per...
Shah Alam, Selangor’s capital, is a focal point of many existing and new infrastructure developments. The state still experiences the most property transactions. Key players in the property industry remain confident of Selangor’s continued status as a prime investment area, with no signs of the trend changing. Selangor’s prominence was well-recorded even during the pandemic, when in 2021,...
Property developers in West Malaysia reported a 26% decline in unit launches and a 5% sales drop in the first half of 2022 (1H2022) from the second half of last year (2H2021), according to Real Estate and Housing Developers’ Association (Rehda) Malaysia. Rehda’s survey of 150 respondents released on Wednesday (Oct 12) found that 7,843 units were launched in 1H2022, of which 45% or 3,549 units were...
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has tabled Budget 2023 on Friday, Oct 7. This year’s theme is “Strengthening Recovery and Facilitating Reforms towards Sustainability of Economic Resilience and Wellbeing of Keluarga Malaysia”. What’s in it for homeowners and property buyers? Let’s take a look at what changed or improved from 2022 versus Budget...
The general reaction towards the government’s new Premium Visa Programme (PVIP) is positive but an academic feels that there is “confusion” over how Putrajaya wants to attract wealthy foreigners to invest and reside in the country. “Well, my hope is that the introduction of the new programme is a way to reform MM2H and to make it less stringent, as the requirements for this PVIP programme...
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