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Malaysian property market likely to bounce back only in 2022 due to Covid-19 and lockdowns, says Rahim & Co | Malaysia - Vimarsana News

Malaysian property market likely to bounce back only in 2022 due to Covid-19 and lockdowns, says Rahim & Co | Malaysia

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 Subscribe to our Telegram channel for the latest updates on news you need to know. 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...

Rahim & Co: Property overhang encouraged by unaffordability remains a persistent issue | Malaysia - Vimarsana News

Rahim & Co: Property overhang encouraged by unaffordability remains a persistent issue | Malaysia

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 Subscribe to our Telegram channel for the latest updates on news you need to know. 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 to...

Plaza Batai to be torn down for redevelopment - Vimarsana News

Plaza Batai to be torn down for redevelopment

PROMINENT businessman Tan Sri Desmond Lim Siew Choon is preparing to demolish and redevelop the 49-year-old Plaza Batai retail shoplots in Damansara Heights, Kuala Lumpur, which he recently acquired from Selangor Properties Bhd for an estimated RM100 million. The Edge has learnt that Lim, who bought the upmarket Plaza Batai in affluent Damansara Heights, not far from where his Pavilion Damansara Heights project is taking shape, wants to build serviced apartments on the site. Documents sighted by The Edge shows that a company called Motif Budi Sdn Bhd submitted a planning application on Dec 23...