Johor Landed Property Prices is Expected to Drop reported that Landserve (Johor) Sdn Bhd Executive Director Wee Soon Chit said that property prices could decline up to 30% in Johor after his presentation at the 10th Malaysian Property Summit 2017 that landed residential property prices are on the downtrend. “Landed property prices in new prime areas, such as Iskandar Puteri, have been declining in the past two years at an average pace of 15% to 20%. I

The Australian Property Misadventure – Part Two

Since the Australian authorities have tightened its lending measures to foreigners, George is now faced with a few choices: Option 1: To forego the 5% payment that he has made for the purchase of the property in Perth, Australia. This means he’ll be defaulting on the contract with the developer. However, his future property purchase there (if any) will carry this black mark on his credit score. Option 2: To

Johor Halal Park as Smart Integrated Industrial Park 2

Telekom Malaysia Berhad (TM) and UMLand J-Biotech Park Sdn. Bhd, a 50:50 joint venture collaboration between Johor State Government via Johor Biotechnology & Biodiversity Corporation (J-Biotech) and United Malayan Land Bhd (UMLand) inked a Collaboration Agreement for the provision of TM’s high speed broadband (HSBB) network infrastructure and UniFi services as well as TM’s Integrated Business Solutions at Johor Halal Park (JHP) development in Pasir Gudang, Johor, recently. This agreement

Unaffected by Foreign Ownership Ruling

UMLand Seri Austin CEO, KK Wong, said the new regulation limiting foreign ownership in projects outside international zones in Johor was not an issue for them as less than 10% of investors in their township are foreigners. “About 90% of our house buyers are locals who purchase to stay or buy for investment,” said KK Wong. KK Wong was commenting on Johor Menteri Besar Johor, Datuk Mohamed Khaled Nordin’s recent

Go, Go Green Rangers! 1

S P Setia Foundation in partnership with Feed Our Loved Ones (FOLO) officially launched its first Green House under Green Ranger Programme at SK Felda Bukit Permai with a mission to expose students in microgreen planting. “Ultimately we envision greenhouse to be a platform to educate on the importance of our environment and how our nature is beneficial to us. This is the place where they are allowed to be

Good Prospect to Purchase Houses

UMLand Seri Austin is all geared up for the Year of the Rooster as the developer will project affordable apartments which are targeted to launch in September this year. “We are planning to build affordable apartments with an area between 800 to 900 square feet, equipped with three bedrooms each unit in our new phase plan. In a way, the new project is also in line with the Government’s policy

Property Hub Celebrates 10 Years of Business Partnership 3

Over 300 of the very best of Malaysian real estate talent, industry stalwarts, high-net worth individuals as well as leading representatives from the Property Hub Sdn. Bhd. network converged to ‘Celebrate Togetherness and Excellence’ at Property Hub’s Appreciation and Awards Night 2017 in Kuala Lumpur. The annual event not only commemorated Property Hub’s seventh anniversary but also marked 10 years of partnership which led to the establishment of the successful

Affordable Homes - Important In a Developing State

As many as 1,518 affordable homes under the state’s affordable housing development (RMMJ) will be built in the Tebrau constituency this year. Menteri Besar Johor Datuk Seri Khaled Nordin said this is the commitment of the state government to improve the quality of life for the rakyat, especially the lower income groups with the availability of affordable housing. “A total of 1,408 units of affordable homes and low cost developments

Amari Johor Bahru Appoints General Manager

ONYX Hospitality Group has appointed Wayne Lunt as General Manager of the 242-room Amari Johor Bahru (Amari JB), which will be opening in May this year. Located in the hub of the city, the hotel is the first Amari in Malaysia. Enfolded by rich heritage and shopping centres, Amari JB is a couple of steps from the Persada Convention Centre, Komtar JBCC and City Square and a short walk to

Tough Market Ahead with Sweet Spots in Certain Sectors – Part One 1

The property market outlook for 2017 is daunting with a general slowdown expected across all the property markets. From residential to commercial, experts at the recently concluded PropertyGuru 2017 Property Outlook Forum echoed similar sentiment. “Based on the combined data from the PropertyGuru Property Price Index and official statistics, 2017 is expected to be another slow year for the property market. With the completion of many new developments flooding the