Malaysia’s property transaction value soared to RM105.65 billion in the first half of 2024 (1H2024), marking a 23.8% year-on-year (y-o-y) increase — the highest in five years — according to the National Property Information Centre (Napic).
Prime Minister Datuk Seri Anwar Ibrahim said that toll rates could be reduced if highway development costs are managed effectively and are free from leakage or corruption.
High-rise developments are taking over the property market in urban areas for many reasons, including catering to younger homebuyers looking to move out and gain independence sooner rather than later. However, the very same demographic being targeted might actually be dreaming of owning landed properties instead.
Bank Negara Malaysia (BNM) is under no pressure to adjust its benchmark interest rate, despite global central banks leaning towards policy easing, thanks to stable inflation and a positive growth outlook, economists said.
The Cabinet has approved the rebranding of the People's Housing Programme (PPR) to the People's Residency Programme (PRR).
Malaysia’s central bank on Thursday left the benchmark interest rate unchanged as widely expected, drawing comfort from sustained economic expansion and benign inflation.
Noteworthy:
When: February 2024
Noteworthy:
When: August 2024
BIMB's evaluation comes after mixed earnings results from major companies in the property sector.
In a bid to promote sustainability in the real estate sector, Green Building Index Sdn Bhd is offering a 20% discount on the registration fee for new projects seeking certification under the Green Building Index (GBI) rating tool.
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