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Weak market sentiment, developers, holding back launches

The Klang Valley residential market continued to slump for the second quarter of 2015 (2Q2015) in the aftermath of the implementation of the Goods and Services Tax (GST) in April, coupled with the weakening of the ringgit, which have tightened domestic spending. Developers have become more cautious with their new launches, with some postponing them …

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Property Developers to enjoy 50% Discount

Property Developers to enjoy 50%Discount on development charges for high-density projects starting this month. Will this translate to more affordable housing ? ========== PROPERTY developers are rejoicing as Kuala Lumpur City Hall (DBKL) has announced a 50% discount on development charges for high-density projects starting this month. DBKL Urban Planning Department director Sharom Ujang said …

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