Default Image

Strong Singaporean appetite for Malaysia property

Strong Singaporean appetite for Malaysia property

Malaysian properties continue to appeal to Singaporean buyers, on the back of higher prices as well as cooling measures in the city-state's property market. At the recent PropertyGuru Malaysia Property Show (MPS) in Singapore held on 13 to 14 July, over 2,155 Singaporean buyers flocked to hunt for properties. At the end of the event, over 30 units worth RM30.1 million were sold.
Default Image

Construction contracts to drop 16% this year

Construction contracts to drop 16% this year

Domestic construction contracts are expected to shrink by 16 percent to RM13 billion this year, on the back of the fiscal tightening and property cooling measures introduced by the government, according to Alliance Research Sdn Bhd analyst Jeremy Goh. “With fiscal tightening setting in, we believe that a slowdown in government related projects is inevitable as a more prudent spending stance is taken,” he noted in his report.
Default Image

ETP lures RM220b in committed investments

DBKL: Rate Revision on Hold

The Economic Transformation Programme (ETP) saw RM220 billion worth of committed investments in three years, according to Prime Minister Datuk Seri Najib Abdul Razak. The Economic Transformation Programme (ETP) saw RM220 billion worth of committed investments in three years, according to Prime Minister Datuk Seri Najib Abdul Razak.
Default Image

Economy to grow 5.5% in 2014: economist

Economy to grow 5.5% in 2014: economist

Malaysia's economy is expected to grow 5.5 percent in 2014 - up from a 4.5 percent growth last year, according to Dr Shane Oliver, head of investment strategy and chief economist at AMP Capital. This should be helped by monetary easing in the last year or so, along with a slight pick-up in global growth from three percent in 2013 to around 3.5 percent in 2014, noted Oliver.
Default Image

Johor Sultan acquire 20% stake in Berjaya Times Square

DBKL: Rate Revision on Hold

Sultan of Johor Sultan Ibrahim Ismail has inked an agreement to acquire 150 million shares or a 20 percent interest in Berjaya Times Square Sdn Bhd (BTSSB), a fully owned unit Berjaya Assets Bhd (BAssets), for RM250 million cash. Notably, BTSSB is the owner, among others, of Berjaya Times Square Mall in Jalan Imbi, Kuala Lumpur.