Editor's Pick

BNM raises OPR by 25 bps to 2.25%

"Amid the positive growth prospects for the Malaysian economy, the MPC decided to further adjust the degree of monetary accommodation. This is consistent with the MPC’s view that the unprecedented conditions that necessitated a historically low OPR have continued to recede," BNM said.

Rehda, KPKT and Omnia organise Karnival Jom Beli Rumah to encourage homeownership

According to Tong, the expo will offer a wide range of properties, from affordable housing units to high-end/premium units. “This is an opportunity for everyone and we strongly encourage people who are still looking to buy properties to come to the expo, as properties can be a good hedge against inflation because property values over time tend to stay on a steady upward curve.”

DONE DEAL: Hotel/resort villa at AVANI Sepang Gold Coast, Sepang, Selangor

Noteworthy:

  • Leasehold
  • Built up: 817 sq ft
  • Land size: 817 sq ft
  • 2 bedrooms; 2 bathrooms
  • Fully furnished
  • Sea villa
  • Amenities: Resort facilities such as restaurants, bars, beach, spa, swimming pool and more
  • Accessibility: Federal Route 5 connecting to Sepang and Banting; about 40 minutes’ drive to Kuala Lumpur International Airport (KLIA)

When: January 2022

Sunsuria to add Concord College in Sunsuria City

Sunsuria Bhd and Concord College International Ltd have entered into a strategic partnership to establish and operate Concord College International, a British international school in Sunsuria City, Sepang, Selangor.

KSK Land refutes claim of financial stress

Developer KSK Land Sdn Bhd has denied talk that its 8 Conlay project, a RM5.4 billion mixed-use development featuring the world’s tallest “twisted” twin tower residence in the heart of Kuala Lumpur, is facing financial difficulties.

Maybank IB: Interest rate hikes dampen property sector

Maybank Investment Bank (Maybank IB) is maintaining its "neutral" call on Malaysia’s property sector due to growing risks such as slower sales amid the rising interest rate environment and delays in new property launches, as well as rising raw material costs.

Mah Sing launches homeownership campaign

Mah Sing Group Bhd has launched its own homeownership campaign, dubbed "H.O.M.E" (Home Ownership Made Easy). Running from July 1 until Sept 30, the campaign aims to address homebuyers’ main concerns of saving up for a down payment, qualifying for a loan, and paying monthly housing instalments.