News by Racheal Lee

Property prices are expected to consolidate further to the House Price Index (HPI) 15-year, long-term average of 5.6%, according to independent economist Lee Heng Guie.

Housing non-performing loans (NPLs) are expected to increase this year, although it won’t be at the level seen during the financial crisis in the late-1990s, according to VPC Alliance (Malaysia) Sdn Bhd managing director James Wong.

BND Global Development will develop the 300-room hotel in Roppongi, Cyberjaya, while Container Hotel Group and Everly Group will jointly manage the international youth hotel’s operations for 10 years, with an option to extend for a further five years

Yong Tai Bhd will debut its RM5.4 bil Impression City development this year.

The luxury seafront serviced apartment project comprises two 38-storey towers with 572 units.

Building managers can register themselves with the Commissioners of Buildings (COB) for now, while the Ministry of Urban Wellbeing, Housing and Local Government is working towards the formation of a Board of Building Managers.

Speaking at Joey Yap's Feng Shui & Astrology 2016 seminar here today, he explained that this prediction is based on the Earth element these two industries belong to.

It is also looking to expand its business overseas, particularly in the UK.

It is ready to launch its biggest project yet -- the RM5.4 billion flagship, Impression City in Melaka.

Aspen Group CEO Datuk M Murly said the target will be achieved through four launches worth more than RM2 billion this year, including its maiden venture outside the island state.