GEORGE TOWN: The Consumers Association of Penang said the lowering of the price threshold for foreigners buying properties in Malaysia could be abused by some to launder their money and even drive up prices of goods. Its president Mohideen Abdul Kader said the reduced threshold from RM1 million to RM600,000 could lead to undesirable people […]
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SUNWAY Group founder and chairman Tan Sri Jeffrey Cheah says the group is looking out for opportunities in the United Kingdom, especially in the student accommodation market. He said it is a good time now to tap the UK property market. According to Cheah, the Sunway group is buying three buildings for student accommodations in […]
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People are talking about a scheme where potential buyers need not worry about down payments, bank mortgages or paying high rental rates just to own a property a few years down the road. They say this will mean homes become more affordable to all Malaysians. Not true. Assuming these things come to be, then the […]
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KL has a population of 1.8 million people. Total existing property units is 482,099 units with another 37,819 incoming units and 67,177 planned homes. Serviced apartments wise, KL has 60,441 of its existing units with 31,455 incoming units and 82,057 planned units. KL has a total of 4,731 units under overhang status worth RM4.6 billion. […]
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Spooked by protests, Hong Kongers snap up homes at Malaysia’s Forest City development KUALA LUMPUR/HONG KONG (REUTERS) – Hong Kongers have snapped up about 200 apartments in the past two months at a sprawling housing development in Malaysia, two estate agents said, a sign that some are looking for homes elsewhere due to the political volatility at home. […]
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