News

Value of residential overhang down in Q1

Value of residential overhang down in Q1

According to Napic, a total of 127,604 units were launched in the first quarter of this year, compared with 120,309 units in the previous corresponding period. However, the level of unsold units was lower at 29,698 in the first quarter of 2020, compared with 32,936...

IOI Properties Expects Property Sales To Recover Post-Pandemic

IOI Properties Expects Property Sales To Recover Post-Pandemic

KUALA LUMPUR: While business has been impacted by the ongoing pandemic, IOI PROPERTIES GROUP BHD expects property sales to pick up post-conditional movement control order (CMCO). The property developer said in a filing with Bursa Malaysia that its third quarter...

Malaysia Set For Recovery In 2021 With Most Employees Back At Work

Malaysia Set For Recovery In 2021 With Most Employees Back At Work

KUALA LUMPUR (May 30): In line with the reopening of the economy which saw nearly 70% of the workforce returning to work in various sectors, Malaysia has the capacity that is set to spur an economic recovery in 2021, Finance Minister Tengku Datuk Seri Zafrul Tengku...

Asia’s First Serviced Suites With A Natural Hot Spring Pool

Asia’s First Serviced Suites With A Natural Hot Spring Pool

Sunway Onsen Suites is located within Sunway City Ipoh, Perak’s largest integrated township that spans 1,346 acres. The development offers spectacular views of The Lost World of Tambun theme park, lush green limestone hills and the city. It is the first serviced...

Retailers Seeing A Return Of Shoppers In Malls

Retailers Seeing A Return Of Shoppers In Malls

In the Raya spirit: Elyani Sobri, 35, video calling her daughter to show a baju kurung at a shopping centre in Petaling Jaya. — Sia Hong Kiau/The Star PETALING JAYA: Several malls in the country are seeing a return in shoppers in the lead up to the Hari Raya...

KSK eyes more ‘branded’ developments locally and abroad

KSK eyes more ‘branded’ developments locally and abroad

PETALING JAYA: KSK Group Bhd, best known for its 8 Conlay branded residential development in Kuala Lumpur, is eyeing new projects both domestically and internationally. Group chief executive officer Joanne Kua said even during an economic downturn, the buyers within...

Government Likely To Reintroduce HOC

Government Likely To Reintroduce HOC

PETALING JAYA (May 28): The government is expected to bring back the Home Ownership Campaign (HOC) as part of the country’s economic recovery plan in the second half of the year. The proposal to reintroduce the HOC was made following meetings involving the Ministry of...

How To Boost The Housing Market In Uncertain Times

How To Boost The Housing Market In Uncertain Times

The economic costs associated with Covid-19 go beyond those incurred by any other previous crises. A majority of business activities was affected and three economic stimulus packages totaling RM260 billion have been announced by Putrajaya as a fiscal response to ease...

Penang Expected To Rebound Quickly From Pandemic

Penang Expected To Rebound Quickly From Pandemic

GEORGE TOWN: Penang will be able to rebound quickly from the pandemic thanks to its diversified economy and significant strides made in the services and manufacturing sectors in the past decade, said Penang Insititute director Steven Sim Chee Keong. The state has...

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