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PETALING JAYA: Malayan Banking Bhd’s (Maybank) move to widen market share in the mortgage segment will undoubtedly lead to more competition among banks in the mortgage space. Maybank anticipates the mortgage market to be a key driver of its domestic loans growth that is targeted at 13.6% this year. However, as they increase their market […]

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SINGAPORE: Demand for new private homes in Singapore keep on increasing in February, after going up sharply in January. The Urban Redevelopment Authority said with the exclusion of  executive condominiums, 2,413 new private homes were disposed in February, up by about 29 per cent from the preceding month. In January, 1,872 new units were sold, […]

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PETALING JAYA: IGB Corp Bhd is said to be considering a hotel real estate investment trust (REIT) to open the value of its hospitality assets in the country and overseas.   Industry observers said the hotel REIT was expected to come about following the property group’s 75%-owned unit, KrisAssets Holdings Bhd, had effectively injected its […]

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KUALA LUMPUR: Starting today, about 7,000 public housing tenants in the federal capital will obtain offer letters under the People’s Housing Programme of the National Economic Action Council and Dewan Bandaraya Kuala Lumpur Public Housing. Federal Territories and Urban Well-being Minister Datuk Raja Nong Chik Raja Zainal Abidin explained that the offer letters would be […]

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PETALING JAYA: Bandar Raya Development Bhd (BRDB) is one step closer to selling off its four prime assets through an open tender, following the company announcement of the appointment of its legal and financial advisers to help out in the deal. In a filing with Bursa Malaysia, the company confirm it is working with Lee […]

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It seems that more second-time applicants  are opting for executive condominiums (ECs). This is according to a Singapore property developers. This is because the pool of first-time flat buyers is decreasing by reason of a recently-ramped up supply of Build-to-Order flats. Prices of the 728 units at a new EC in Punggol – Twin Waterfalls […]

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A non-governmental organization (NGO) has condemned the Pakatan Rakyat government for supposedly converting Penang into a developers’ state. The Consumers Association of Subang and Shah Alam (Cassa) which said this maintained Chief Minister Lim Guan Eng had “allowed developers to take control of the state.” Cassa president and legal adviser Jacob George said that the […]

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PETALING JAYA: A number of Malaysia property developers are held to have tendered their bids to assume the development of a 8.09ha in Bangsar that previously housed Unilever Malaysia’s soap and margarine manufacturing plant. It has been vacant ever since Unilever Malaysia moved out in 2003. Along with the interested bidders are Mah Sing Group […]

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The Government is contemplating increasing the minimum floor prices of houses that foreigners are foreigners are permitted to buy to RM1mil from the present RM500, 000 in an attempt to direct the growth in property prices, sources said. They claim that said  decision was “in the pipeline” and the execution would be made by the […]

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KUALA LUMPUR: Takaful Malaysia Bhd is looking at expanding its investment portfolio by acquiring properties in London this year. Group managing director Datuk Hassan Kamil said the Islamic insurer has RM200 million in its war chest. “We are scouting for commercial buildings or offices within a 30km radius of central London,” Hassan told Business Times […]

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