October 2021

EdgeProp.my October 16, 2021  KUALA LUMPUR (Oct 16): Housing problems such as supply overhang and affordability issue will not be solved without “policy interventions to try to replicate the preferred market outcome”, say two academics. “Whatever the cause of market failure, we know that if left to itself, the housing market will not solve these problems for reasons we fully understand,” wrote Dr...

(Photo by The Edge) Bernama October 16, 2021  KUALA LUMPUR (Oct 16): All 67 People's Housing (PPR) and Public Housing (PA) projects in the Federal Territory of Kuala Lumpur are expected to be installed with new elevators in two years’ time, said Prime Minister Datuk Seri Ismail Sabri Yaakob (pictured). He said Kuala Lumpur City Hall (DBKL) has allocated RM127 million for replacement of old...

(Photo by Low Yen Yeing/EdgeProp.my) Tan Siew Mung / theedgemarkets.com October 15, 2021 KUALA LUMPUR (Oct 15): Standard Chartered plc (StanChart) said on Friday (Oct 15) Malaysia is showing good signs of economic recovery, helped by the country's National Recovery Plan (NRP) which has been tasked to rejuvenate the local economy from the impact of Covid-19-driven movement restrictions under the various...

(Photo by Low Yen Yeing/EdgeProp.my) Bernama October 15, 2021 KUALA LUMPUR (Oct 15): Real Estate and Housing Developers' Association Malaysia (REHDA) has estimated the targeted development expenditure (DE) for Budget 2022 to be between RM60 billion and RM65 billion and may feature the roll-over of unutilised DE for 2021. According to CGS-CIMB’s research note today, what is key for Budget 2022, in...

EdgeProp.my October 14, 2021  PETALING JAYA (Oct 14): The study on the proposed Kuala Lumpur-Iskandar Puteri High Speed Rail (HSR) project has been done and is set to be submitted to the Cabinet, economic affairs minister Mustapa Mohamed revealed in a FMT report today. We’re just waiting for it to be submitted to the Cabinet,” Mustapa said during a question-and-answer session at Invest Malaysia 2021...

(Photo by Low Yen Yeing/EdgeProp.my) Rachel Chew / EdgeProp.my October 13, 2021  KUALA LUMPUR (Oct 13): Purpose-built offices and shopping malls are seeing an all-time low occupancy rate for the first time in 20 years, hence, operators have to be more creative in utilising the vacant space in the new normal, said  National Property Information Centre (NAPIC) deputy director of inventory Ari...

Terrace houses have been the dominant choice of Malaysian buyers in the past five years, according to the Q1 Property Market Update by PropertyGuru DataSense. The market update showed landed properties dominated investor transactions in the Klang Valley and Johor but placed second in Penang behind flats. The preference for landed properties in investor transactions poses a potent question – what is the...