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Property transactions no longer need FIC approval June 30, 2009, 01:17:22 PM by d-choice 2009/06/30 KUALA LUMPUR, Tue: ALL property transactions, including those between foreigners and non-Bumiputeras, will no longer require Foreign Investment Committee (FIC) approval, Prime Minister Datuk Seri Najib Tun Razak announced today. The FIC approval will only be required for property transactions which involve a dilution of Bumiputera or government interest for properties valued... 0 comments | Write Comment Malaysian home sales surprisingly strong May 20, 2009, 12:02:17 PM by d-choice www.star-space.com Monday May 18, 2009 March loan data show sales must have been brisk in many property projects Between the Lines - A weekly column by C.S. Tan BANKING data that came out earlier this month surprised analysts when they saw approved loans for residential property surge 49% in March from February. There was still a lot of fear... 0 comments | Write Comment Developers of luxury condo hardest hit April 29, 2009, 02:03:08 AM by d-choice The Star Online > Business Wednesday April 29, 2009 Analysts say property firms need new launches to boost sales By RACHAEL KAM PETALING JAYA: The impact of the current economic downturn on property companies depends on the sub-segments that they are exposed to, with developers of luxury condominiums likely to take a much bigger hit, say analysts. ... 0 comments | Write Comment House buyers cautious due to fears of income security April 29, 2009, 01:59:52 AM by d-choice The Star Online > Business Wednesday April 29, 2009 By K.C. LAW PETALING JAYA: Potential house buyers are still wary about making property purchases despite lower mortgage rates as the economic outlook remains uncertain, analysts said. Average mortgage rates have fallen to about 3.5%, but at the same time banks have been more stringent on the approval of lo... 0 comments | Write Comment Industrial property sector resilient April 27, 2009, 02:05:25 AM by d-choice Saturday April 25, 2009 By K.C. LAW AMID the struggling economy, the local industrial property market seems to fare better than office and residential properties although industry players expect the market for this asset class to remain flattish this year. They concur that the current slowdown in manufacturing orders has not impacted industrial property as tenancy... 0 comments | Write Comment Property prices, rentals take dip April 27, 2009, 01:57:57 AM by d-choice Industrial property market to be most vulnerable this year, says D-G By EUGENE MAHALINGAM KUALA LUMPUR: The Valuation and Property Services Department is already seeing signs of a decline in selling prices and rental yields within the Malaysian property market in the first quarter of 2009. Director-general Datuk Abdullah Thalith Md Thani attributed the reasons for... 0 comments | Write Comment What makes a landed, gated and guarded project? April 19, 2009, 01:39:34 PM by d-choice Saturday April 18, 2009 ON April 4, John left his semi-detached home in Kota Damansara, Petaling Jaya, at 6.30am. He returned at about 1pm to find that it has been broken into. He lost RM45,000 and was badly traumatised, not so much by the loss but by the invasion into his private domain. John, 64, from Britain, says this is a gated and guarded (G&G) development and he pays a... 0 comments | Write Comment Security still a concern in landed, gated and guarded projects April 19, 2009, 01:37:54 PM by d-choice Saturday April 18, 2009 Stories by THEAN LEE CHENG Developers believe landed gated and guarded (G&G) projects are preferred for two main reasons: security and community living. However, they are quick to add that nothing is fool-proof. All the developers spoken to have, at one time or another, promoted – or are promoting – G&G living. Developers interviewed, ... 0 comments | Write Comment Secondary property market resilient April 15, 2009, 01:24:30 PM by d-choice Saturday April 11, 2009 By EDY SARIF THE secondary property market in Malaysia has been resilient despite facing some slowdown from the impact of the global financial crisis, industry players observe. Zerin Properties chief executive officer Previndran Singhe says prices are holding out quite well with the exception of the Kuala Lumpur city centre residences,... 0 comments | Write Comment Office rentals in KL to fall by this year April 15, 2009, 01:19:44 PM by d-choice www.star-space.com Monday April 13, 2009 Rates in KL expected to drop by 10% to 15% By ANGIE NG OFFICE rental rates in Kuala Lumpur are expected to drop by 10% to 15% from their peak of about RM8 per sq ft this year amid the economic slowdown. Although office occupancy rates are still holding up quite well, rental rates are expected to fall... 0 comments | Write Comment More properties under receivership this year April 15, 2009, 01:13:04 PM by d-choice www.star-space.com Tuesday April 14, 2009 By K.C LAW PETALING JAYA: Auctioneers are seeing an increasing trend of properties under receivership this year, as more owners are expected to have financial difficulty amid the continuing global financial crisis. They said the overall supply of auction properties in the last few months had already risen... 0 comments | Write Comment Depreciating high-end condos March 19, 2009, 03:50:38 AM by d-choice Wednesday March 18, 2009 Property prices in KLCC and Mont’Kiara areas could stabilise if economy recovers By K.C. Law PETALING JAYA: Property values of high-end condominiums in Kuala Lumpur City Centre (KLCC) and Mont’Kiara are expected to retrace by up to 20% to 2006 levels by the first half of next year, according to Kenanga Research. The average... 0 comments | Write Comment Mont’Kiara’s glooming challenge March 14, 2009, 02:50:09 PM by d-choice Saturday March 14, 2009 By THEAN LEE CHENG THE best way to check out a location is to take a drive. If the aim is to determine whether the place is occupied, take that drive at night. And so there is Mont’Kiara ahead of you, nice and sprawling, with a lot of high-rise condominiums, many of them in darkness. The older and more established ones are about... 0 comments | Write Comment IRB: Tax cut for one property March 12, 2009, 01:26:51 PM by d-choice Thursday March 12, 2009 KUALA LUMPUR: The RM10,000 tax deduction for interest on housing loans will only be applicable for one property which is not being rented out. The incentive, announced in the mini-budget on Tuesday, applies to Malaysian citizens who will live on the property, whether it’s a house. flat, apartment or condominium. Inland Revenue Board (IRB)... 0 comments | Write Comment KL property market to continue falling March 04, 2009, 10:41:30 AM by d-choice Wednesday March 4, 2009 Prices of luxury condominiums in KLCC may drop by 30% KUALA LUMPUR: The property market in Kuala Lumpur could depreciate as much as 10% to 15% going forward, while the prices of high-end condominiums in the Kuala Lumpur City Centre (KLCC) area may fall up to 30% in the next two to three months, said property consultant Rahim & Co. The rest o... 0 comments | Write Comment More commercial hubs for Klang Valley March 03, 2009, 01:47:01 AM by d-choice Thursday February 26, 2009 Planners need to guide enterprises without stiffling initiative By Christopher Boyd IF, like me, you’d far rather commute an hour than change your baby’s nappy, then the idea of working from home surrounded by your IT gizmos is dead in the water. It always was a silly New Age idea anyway. I can’t speak for the... 0 comments | Write Comment How to check for termites March 03, 2009, 01:42:44 AM by d-choice www.star-space.com Friday February 27, 2009 BASED on data of clients collected by Ridpest, it was found that 46% of properties were hit by termites at least once over a period of four years. About 32% of these properties were hit by termites once, 8.5% twice, 2.3% three times, and 3.2% more than three times, within a four-year period. In other words, at least 11%... 0 comments | Write Comment Demand for property resilient - Malton March 03, 2009, 01:39:24 AM by d-choice Friday February 27, 2009 SHAH ALAM: There is evidence that demand remains resilient in the property sector although housebuyers are becoming more prudent amid the economic slowdown, said Malton Bhd. “Our property development in Puchong for example is still having good sales where terrace houses recorded good take-up (rates). Our commercial development is also doing quite... 0 comments | Write Comment Brisk auctioning since downturn March 03, 2009, 01:35:58 AM by d-choice Saturday February 28, 2009 By ELAINE ANG Licensed auctioneer and auction firm Ng Chan Mau & Co Sdn Bhd general manager Foong Chon Wai’s schedule has been pretty tight since the beginning of the year and he is expecting to be even busier in the coming months. “The number of properties up for auction has increased by 5% to 10% since September last year mainly due to ... 0 comments | Write Comment Stock market, politics weigh on Malaysian property March 03, 2009, 01:22:37 AM by d-choice MARCH 3 –The two biggest dampeners threatening Malaysia’s property market this year are the country’s moribund stock market and political uncertainty, a survey of chief executives has found. Unemployment is viewed as a third negative, according to an annual CEO opinion survey conducted by real estate consultancy CH Williams Talhar & Wong (WTW) in November 2008. Political pro... 0 comments | Write Comment