Property market will improve this year, particularly the residential segment: Knight Frank. PETALING JAYA: The property market, which experienced a pick-up in activities in 2H2018, is expected to improve this year, particularly the residential segment, said Knight Frank Malaysia.
“Investors’ confidence showed some positive signs as the newly elected Pakatan Harapan government starts to provide more clarity and certainty on its fiscal policies following the tabling of Budget 2019,” it said in a statement today. In its Real Estate Highlights 2nd Half 2018 report, Knight Frank said that prices are generally holding firm in Kuala Lumpur’s prime housing market. Although the widening gap between supply and demand coupled with rising financing cost will continue to impinge on price growth, property developers are generally more optimistic thus more launches are expected this year and beyond. Why Malaysia is now a property buyer's market. IF you were thinking of investing in property here in Malaysia, now is perhaps a good time.
This is mainly because developers of new properties around urban centres in the country are expected to reduce the prices of homes to drive up sales amid a cooling real estate market. “These developers will be more eager to accelerate their sales by reducing selling prices via hefty discounts,” leading bank RHB research said in a report published Tuesday.
SEE ALSO: What’s behind Malaysia’s property glut? According to The Star, the level inventory of unsold units in the country is continuing to “worsen” even though developers are aggressively unwinding their unsold units over the past two years. RHB’s report said numerous developers were still launching various new projects to boost property sales despite existing projects and a slow-moving inventory. SHAREit. Where does Malaysia stand on China's Belt and Road? AMONG the central narratives that swept the Mahathir Mohamad-led coalition into power in 2018 were two intricately interwoven accusations levelled at the former government.First, that Barisan Nasional’s shady dealings were burdening the Malaysian people with unsustainable debt and second, that by cosying up to China the party was putting self-interest ahead of national interest.
In opposition, Mahathir was unabashed in criticising major Belt and Road projects for favouring Chinese interests and lining the pockets of corrupt Barisan Nasional politicians. In government, he promptly placed US$35 billion worth of rail, port and pipeline projects on indefinite hiatus, citing unaffordability under prevailing budgetary conditions. Bandar Malaysia to depend on private funds, says Azmin. 101 Shares PETALING JAYA: The Bandar Malaysia urban development project will be driven by the private sector and not through government funds, said Economic Affairs Minister Mohamed Azmin Ali today.
He said Putrajaya did not set aside any federal government allocation to revive the project, which consists of a massive commercial centre and transport hub on land at the former air base at Sungai Besi. According to Bernama, Azmin said: “This project is not only a commercial and residential property development, but it is a strategic development that can attract investors from overseas multinational companies especially in the financial sector.” The Bandar Malaysia project was conceived as a mixed-use commercial development as well as a transport hub connecting the proposed Kuala Lumpur-Singapore High Speed Rail project with the Mass Rapid Transit, KTM Komuter, Express Rail Link and 12 highways.
Fort Margherita – Sarawak’s Bastion of Protection. Nst.com. Nst.com. Study: Malaysia's income gap doubled in two decades - Nation. KUALA LUMPUR (The Straits Times/Asia News Network): Despite a reduction in official income inequality, the absolute earnings gap between Malaysia's top 20 per cent and their countrymen has nearly doubled, putting more Malaysians in relative poverty.
A new study by Khazanah Research Institute (KRI) released on Monday (Oct 15) argued that policymakers need to think beyond the Gini coefficient - which represents the relative difference in earnings - and include measures to address the absolute earnings gap. The state-funded think tank pointed out that in 2016, households with income below RM2,000 per month spent 94.8 per cent of their incomes on consumption while families earning above RM15,000 monthly spent only 45 per cent of their incomes on consumption.
"Worryingly, for households earning below RM2,000, the income remaining after accounting for inflation is only RM76 in 2016, reducing from RM124 in 2014," the report said, adding that this left them vulnerable to sudden financial shocks. The Malaysia Agreement disagreement - Nation. Today we celebrate our first Malaysia Day as a “new Malaysia”.
But two of the three parties that helped create Malaysia might not have so much cause to celebrate. FOR over 10 years, activist Zainnal Ajamain has been fighting a seemingly losing battle – to get his home state of Sabah the rights it was promised under the Malaysia Agreement of 1963 (MA63). If MA63 had gone according to plan, Sabah and Sarawak wouldn’t even be states in Malaysia – they would be founding partners, with more autonomy than other Malaysian states.
They would also probably be way more wealthy and developed than they are now, because they were promised a higher share of their petroleum revenue. Mahathir has a 'remote takeover' theory in MH370 disappearance - here's why, Business Insider - Business Insider Malaysia. File photo: A piece of aircraft debris found floating about 140 nautical miles northeast of Kota Bahru.
The Straits Times Malaysia’s former Prime Minister Tun Dr Mahathir Mohamad believes that the disappearance of flight MH370 involved a remote takeover to counter a hijacking attempt, enforcing one of the most widely-speculated theories surrounding the incident. Thestar.com. Thestar.com. Thestar.com. Thestar.com. Thestar.com. Thestar.com. Thestar.com. Be prepared for property bubble burst, Ideas tells govt.
PETALING JAYA: The government must be ready for the property market bubble to burst, and the risk of it leading to an economic crisis, said the Institute for Democracy and Economic Affairs (Ideas).
Ideas senior fellow Dr Carmelo Ferlito (pix) in his policy paper titled "Affordable Housing and Cyclical Fluctuations: The Malaysian Property Market" recommends that the government respond with market-oriented solutions and pay special attention to the household financial exposure. "Second, the government needs to downplay its role in the property market by reducing the number of government agencies and encourage the private sector to get involved in the affordable housing market. "Third, the government must enhance Malaysian financial literacy, with an orientation toward the value of saving and the possibilities offered by the rental market," Ferlito said in a statement today. Thestar.com. Thestar.com. Nst.com. Thestar.com. Thestar.com. Plugging a trillion ringgit debt hole. AFTER the alert over the country's RM1 trillion national debt and the calls for patriotic citizens to donate to Tabung Harapan to plug this debt hole, we are now told that a new tallest skyscraper, "Tower M" is to be built to dwarf the soon-to-be tallest TRX 106 ("Tower N"?).
So, whatever happened to the call for austerity in government spending and the need to cut down on grandiose schemes? No prizes for guessing where the money for this latest white elephant will come from … Property Hunter - Everything Property and Real Estate in Malaysia. Thestar.com. Thestar.com. Thestar.com. Nst.com. Thestar.com. Thestar.com. Malaysia remains a success story — World Bank. The World Bank Group still views Malaysia as a ‘success story’, despite the national debt having reached RM1 trillion. — Bernama photo KUALA LUMPUR: The World Bank Group still views Malaysia as a ‘success story’, despite the national debt having reached RM1 trillion, said its country director for Brunei, Malaysia, the Philippines and Thailand, Dr Mara Warwick.
“We see Malaysia having a very strong economy and moving towards high-income. “What we have emphasised in this report (Malaysia Economic Report) is really the importance of looking at the quality of growth, inclusiveness of this growth going forward and how every Malaysian can benefit from the economic success the country has achieved,” she told reporters after the launch of the report here yesterday. Thestar.com. Thestar.com. Thestar.com. Thestar.com. A bullet was sent to the home of Malaysia's top anti-corruption official investigating a former prime minister — and now he's back to finish what he started, Business Insider - Business Insider Malaysia.
Police Seize RM109 Million In Cash, RM200 Million In Luxury Items From Premises Linked To Najib - Still Got 45 Bags Left To Count - The Coverage. Share Tweet Email A total of RM109 million worth of cash in multiple denominations has been recorded by police, following a long and painful process to document the piles of money found in bags seized from premises linked to former prime minister Najib Razak, a Chinese-language daily reports.
China Press said police have so far counted cash from 27 bags, from some 72 seized in six properties including Najib’s private residence. The arduous task of documenting every note was carried out at the police Commercial Crime Investigation Department’s office in Menara 238, Jalan Tun Razak. The first phase on Monday involved 11 bags. All the money was then placed in 15 boxes and transported to Bank Negara Malaysia, according to China Press. Finance Twitter Chart Shows How Najib Drove Malaysia To RM1 Trillion In Debt - The Coverage. Share Tweet Email We wish to say “I told you so” again. Opinion: Settling 1MDB Scores Will Be Easier Than Debts. Extensive United States Meddling In Malaysia’s General Election Revealed - Almost Entirely Comprised of US Government-Funded Fronts - The Coverage.
Share Tweet Email After now 2 years of accusations and constant headlines regarding allegations of still unproven “Russian influence” in the 2016 US presidential election, it is difficult to imagine that real political meddling or election interference anywhere around the globe could go unnoticed. This is especially true regarding the Western corporate media who has portrayed itself as deeply aware of the unethical and undemocratic nature of one nation interfering in the elections of another. Yet during Malaysia’s recent general election – hailed by the Western media as a “historic win” for an opposition the Western media clearly favored – not a single story was written by media organizations like Reuters, AFP, CNN, the BBC and many others covering foreign interference during the elections. Sarawak Report : RM 10 Billion In Bond Looted From Malaysia EPF To Raise Money For Najib - The Coverage.
Share Tweet Email Extensive evidence has emerged of an extraordinary operation to loot Malaysia’s public savings funds and pass billions of dollars into accounts controlled by individuals answering to Prime Minister Najib Razak. Following an investigation spanning several months, Sarawak Report has sighted numerous documents which reveal that since 2012 a group of operatives, assisted by two convicted foreign fraudsters, have collaborated to extract billions of dollars from EPF, KWAP, FELDA, FELCRA and other public savings funds and government linked companies. The scheme was to invest the public money into risky, foreign investment vehicles owned by the two unlicenced foreign fraudsters (both previously jailed for financial crimes) in return for major kickbacks targeted into a small Malaysian company named TJJR Diversified (M) Sdn Bhd. Hartabumi Is An Info & Listing Portal For Bumiputera Property. Too many bumiputera properties are going unsold, and many portals are focused on the “richer” market without focusing on the higher population of bumiputera with lower incomes.
Hartabumi was designed to combat this issue by founder Radzi Tajuddin. The platform is already profitable, but Hartabumi is looking to expand into home rentals and helping bumiputera get loans. Bumiputera housing is a significant part of the property industy in Malaysia. And with it, came a problem that has left a gap for this startup to fill. According to founder and CEO Radzi Tajuddin, “People or business owners are always scared to venture into an unknown market.” Government Schemes For Malaysians To Own Homes Or Property. The enigma of Malaysia’s high household income growth. By Lee Hwok Aun Statistics are meant to inform, but sometimes they confuse. Malaysia expects China to 'take the lead' Malaysia bracing for EU ban on palm oil. KOTA KINABALU: The future of Malaysia’s palm oil industry is at stake as Members of the European Parliament (MEPs) gear up to ratify the proposed resolution to ban importation of palm oil into the European Union (EU) next month.
According to the vice-president of the Asia-Pacific Parliamentarians’ Conference on Environment and Development (APPCED), Marcus Mojigoh, the country could lose as much as RM10 billion in exports, making up 15% of its total exports, if the resolution is passed. Heavy vehicles from Malaysia to Singapore to only use Second Link: Report. ASEAN profit seen by investing in Malaysia. History has proven that Malaysia is a resilient nation, despite multiple challenges faced by the global economy. The country has a well-diversified economy resting on the back of solid economic fundamentals. With a stable economic and political environment, good infrastructure and proximity to the large Association of Southeast Asian Nations (ASEAN) and Asia-Pacific markets, Japanese firms have long found Malaysia to be suited for their activities as Malaysia is cost-competitive hub for investments in this region.
Since the 1980s, Japan has been among the country’s top source of foreign direct investment. As of the end of 2016, a total of 2,621 projects with Japanese participation have been implemented with investments valued at $27.8 billion. These projects are mainly in the electronics and electrical product, chemical and chemical product, non-metallic mineral product, transport equipment and basic metal product areas. Sultan of Johor expresses reservations about proposed design of Singapore-Johor rail link. MaGIC launches two programmes to help Malaysia corporates connect with startups. One of the key takeaways from a VC Panel discussion at Echelon Malaysia in April was that lack of corporate involvement is a problem for Malaysia’s startup economy. Malaysia opens trade bureau in Tehran. Google Introduces Shopping Ads To Malaysia - Lowyat.NET. Celcom allocates rm1.5 billion in capex this year. KUALA LUMPUR: Celcom Axiata Bhd has allocated RM1.5 billion in capital expenditure (Capex) for this year with a large chunk for the 4G network expansion.
More to affordable homes than pricing. U Mobile is the first to launch 4.5G in Malaysia. Microfinance in Malaysia benefited over one million enterprises. Here’s how gov’t can make RM90b from Bandar Malaysia. 'We'd rather be world-class people with dignity, PM' No forex investment business licence issued in Malaysia? Around 88,000 Bumiputera-allotted properties unsold in Johor. Malaysians spending on e-commerce up by 210%