Real Estate

Ancubic Group unveils sales gallery and breaks ground for A-Park Batu Kawan in Penang

A-Park Batu Kawan, which is spread across 20.5 acres, will offer a total of 50 units of 1½ and 2-storey semi-detached and detached factories. (Image by Ancubic) The warehouses will provide sufficient storage space that caters to the tenant’s logistics and inventory requirements, including storing raw materials, finished products or equipment. Priya Devan / theedgemalaysia.com March 11,...

Real estate sector well on its way to recovery

MIDF Research said buying sentiment on properties is expected to remain healthy. Friday, 08 Mar 2024 PETALING JAYA: Analysts are optimistic about the outlook of the property market this year, on the back of stronger anticipated demand for properties and higher loan approvals. MIDF Research in a report said buying sentiment on properties is expected to remain healthy going forward, as...

Henry Butcher Malaysia: Local property market will remain stable and grow at a gradual pace in 2024

The report attributes the expected growth in the country’s economy to cautious yet improving sentiment among property buyers and favourable government policies (Photo by Low Yen Yeing/The Edge) This article first appeared in City & Country, The Edge Malaysia Weekly on February 26, 2024 - March 3, 2024 Malaysia’s property market is expected to maintain a more stable...

Malaysia’s real estate market handles nearly RM200bil transactions in 2023, overhang falls: Amir Hamzah

Finance Minister II Datuk Seri Amir Hamzah Azizan said the performance of completed unsold residential properties, or "overhang" had declined to 26,000 units with a value of RM17.7 billion.   By S. BIRRUNTHA  - March 6, 2024 KAJANG: Malaysia's real estate market saw more than 399,000 transactions totaling nearly RM200 billion in 2023, marking a 2.5 per cent increase in transaction...

Affinity Equity Partners to start bidding for Penang’s Island Hospital valued at RM4b — WSJ

KUALA LUMPUR (Feb 28): Buyout firm Affinity Equity Partners will start a bidding process in April for the sale of Penang-based Island Hospital, one of Malaysia’s largest healthcare providers, which is likely to fetch more than US$800 million (RM3.81 billion). Citing people familiar with the process, the Wall Street Journal (WSJ) on Monday reported that one of the people said foreign and...

Easy guide to filing rental income tax in Malaysia

Do you know that the income you receive from leasing out your properties is also taxable? Many mistakenly think that rental income is tax-free, consequently incurring penalties for under-reporting. EdgeProp February 22, 2024  We all know we need to pay taxes on the income we get from our vocations, be it as a hired worker, a gig worker or a self-employed businessman. However, do you know...

The housing market will continue to stabilise in the coming year with ‘significant’ supply of new homes: Desmond Lee

Lee was speaking at the United Overseas Bank’s (UOB) Secured Loans’ Chinese New Year gala dinner on Feb 20. Felicia TanTue, Feb 20, 2024  The housing market is expected to continue to stabilise in the coming year with a “significant” supply of new homes coming on stream, says Minister for National Development Desmond Lee. Lee is also the Minister-in-Charge of Social Services...

New Penang hotel offers scenic city, sea views

Penang Marriott Hotel has 223 guest rooms alongside a 24-hour fitness centre, steam room and infinity swimming pool with sun deck. METRO NEWS | Wednesday, 21 Feb 2024 AN international hotel chain has made its entry into Penang. The Penang Marriott Hotel, situated along the seafront location of Gurney Drive, promises breathtaking sea and city views in addition to its central location in...

Chow: PDC is developing three industrial parks with total investment of RM3.2bil

Chow Kon Yeow,NSTP/MIKAIL ONG By Bernama - February 15, 2024 GEORGE TOWN: Penang Development Corporation (PDC) is developing three industrial parks in the state involving a total investment of RM3.2 billion, including for infrastructure development, in a bid to stimulate the industrial sector's growth. Chief Minister Chow Kon Yeow, who is also PDC chairman, said these industral...

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