PUTRAJAYA (July 24): More easy homeownership schemes for first-time homebuyers including rent-to-own schemes are expected to be ready in September. In a press conference after a FundMyHome+DepositKu scheme event today, Housing and Local Government (KPKT) Minister Zuraida Kamaruddin said the ministry is currently finalising the schemes. “We are now in the process of finalising a few […]
Double Storey Taman Desa Restu Bandar Baru Salak Tinggi
FREEHOLD MALAY RESERVED PROGRESS 80% SIAP, COMPLETION DATE DEC 2019. Teres 2 Tingkat, Taman Desa Restu, Bandar Baru Salak Tinggi Jangan lepaskan peluang untuk memiliki rumah hakmilik Kekal / Freehold di kawasan yang strategik berdekatan KLIA/KLIA2, Kota Warisan, Putrajaya, Cyberjaya & Nilai. Status hakmilik Kekal / Freehold yang terhad di kawasan yang majoriti Pajakan / […]
BNM maintains OPR at 3% as growth projection subject to downside risk
KUALA LUMPUR (July 9): Bank Negara Malaysia’s (BNM) monetary policy committee (MPC) has at its meeting today decided to maintain the overnight policy rate (OPR) at 3%. At the current level of the OPR, the stance of monetary policy remains accommodative and supportive of economic activity, the central bank said. In a statement today, BNM […]
Bukit Jalil: One of the top searched areas in 2019
Situated at the southern edge of Kuala Lumpur’s central core – and sandwiched between the districts of Cheras and Puchong – is the suburb of Bukit Jalil. Having been raised from a 1,800-acre rubber plantation to host the 16th Commonwealth Games in 1998, this compact neighbourhood now includes a manicured recreational park, a sprawling golf […]
Strata title resolves ownership issues
For some homeowners, having a strata title bears little significance. They may not see the necessity to perfect the transfer (issue the strata title in his name) due to the legal fees and stamp duties incurred from that process. These homeowners, however, will be in for a frustrating time once they attempt to sell the […]
Knight Frank is exclusive agent for Western Digital’s PJ manufacturing sites
PETALING JAYA (June 11): Knight Frank Malaysia has been appointed the exclusive agent by Western Digital to market the latter’s hard disk drive (HDD) assembly facilities in Sungai Way Free Trade Industrial Zone (FIZ), Petaling Jaya, Selangor. In a statement today, Knight Frank Malaysia capital markets executive director Allan Sim said the Western Digital plants […]
Property Management: Ask the experts
Q: My Management Corporation is thinking of repainting the facade of the building. What paint is best for the Malaysian weather? The tropical climate in Malaysia is extremely harsh on external building facades with high humidity that fluctuates, resulting in shrinkage and debonding of external render, proliferation of water seepage, algae and mold. Most high-rise […]
Private and government valuation gap for developments needs to be narrowed
KAJANG (April 30): The gap between the private and government sector valuation for developments needs to be narrowed, said Finance Minister Lim Guan Eng. “I always hear that there is a difference between the valuation figures provided by the government sector [Valuation and Property Services Department] (JPPH) and the private sector valuers – we need […]
Property market to stabilise in 2019
KAJANG (April 30): The Malaysian property market has gradually improved over 2018 and is expected to stabilise this year, on the back of increases in volume and value of total transactions at the end of 2018, according to the National Property Information Centre (NAPIC) of the Department of Valuation and Property Services. Market activity in […]
Malaysia’s high-rise and detached housing prices drop, first time in 10 years
KAJANG (April 30): High-rise and detached homes in Malaysia have recorded a -1.2% and -1.8% change on the Malaysian House Price Index 2018 (MHPI). This is the first time these two residential property types have seen negative growth on the index since 2010. The highest growth in the prices of high-rise homes during the period […]