News by M

Reports describe the house “as if a tornado had just swept through the inside of the property”.

However, the prime minister has highlighted that it is the international community that must assume responsibility for keeping the seas clear and unpolluted if the Straits of Malacca is designated as international waters.

KRI, said KRI research director Dr Suraya Ismail, maintains that there is no issue in terms of access to financing provided by banks now, which is ample and stable for “eligible house borrowers”. “[But] when houses see rapid price escalation, backed by financing, this creates a problem. We see that financing and house prices have strong correlations,” she said.

Under the JDAs with the four landowners, Tropicana will develop the lands at its own costs.

Speaking to Xi, Mahathir expressed his gratitude to the Chinese leader for making time to strengthen diplomatic ties between Malaysia and China.

“Too many people are dependent on [house] prices going up. The percentage fee received by [a property agent] to sell an existing unit is based on [the] sale price. So nobody in this profession would want to make house prices go down,” Suraya said.

While many countries adopt both cost approach and the sales comparison method to value properties, Malaysia’s housing industry is seen to ignore the former as reflected in the widening gap between house prices and development costs, KRI said. 

The signing of the framework agreement was witnessed by Prime Minister Tun Dr Mahathir Mohamad and China's Premier Li Keqiang today.

Quarterly revenue grew 23% to RM164.96 million from RM133.86 million a year ago. 

The projection is based on the 2.2% on-month decrease in the leading index's (LI) growth rate for February.