Tuesday, 26 Jan 2021 02:00 PM MYT
BY KENNETH TEE
According to Rahim & Co, property transactions in Malaysia fell by 15.8 per cent and 21.6 per cent in volume and value compared to the same period in 2019. Reuters pic
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KUALA LUMPUR, Jan 26 ― The Malaysian property market is expected to rebound in 2022 and not the second half of this year as previously predicted, property consultant firm Rahim & Co International said today.
Its chief executive of real estate agency Siva Shanker attributed delayed recovery to the resurgence of Covid-19 cases that started last year and the ongoing movement control order (MCO) reintroduced by the government this year in all states but Sarawak.
Tuesday, 26 Jan 2021 02:59 PM MYT
BY KENNETH TEE
Sulaiman said that overhang stock comprised more non-landed units than landed units, with Johor, Selangor and Wilayah Persekutuan Kuala Lumpur remaining the top states with the highest number of overhang units. Picture by Hari Anggara
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KUALA LUMPUR, Jan 26 Property overhang spurred by unaffordability continues to remain a persistent issue in the real estate industry notwithstanding the Covid-19 pandemic, property consultant Rahim & Co International said today.
Rahim & Co director of research Sulaiman Akhmady Mohd Saheh said there were 57,390 units (residential, serviced apartment & SoHo units) worth RM42.49 billion as of the third quarter of 2020 (3Q2020), adding that property overhang remains a serious concern within the market.
Innovative Dot Property Southeast Asia Awards 2020 honours regionâs best real estate while supporting a great cause
published : 22 Dec 2020 at 16:00
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The Dot Property Southeast Asia Awards 2020 celebrated 48 winners, hosted two events simultaneously and provided one unforgettable experience unlike anything the region has seen.
More than 300 guests attended the Dot Property Southeast Asia Awards 2020 Charity Gala at Four Seasons Bangkok while another 100 joined the Dot Property Southeast Asia Awards 2020 Winners’ Dinner at The Reverie Saigon in Ho Chi Minh City.
With travel restrictions preventing everyone from being in a single location, an innovative approach was required for this year’s celebration. Winners from across the region were honoured at both events while live broadcasts meant everyone was connected.