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New launches drop in 1H 2017
Rehda members during the media briefing of REHDA Property Industry Survey 1H 2017PETALING JAYA: The number of launches for both residential and commercial has reduced significantly by 31% and 34% respectively, in comparison to the previous half. Albeit the reduction, a similar percentage (4%) for...
UEM Sunrise on track to meet RM1.2bil sales target
Property launch: (from left) UEM Sunrise Bhd chief marketing officer Pam Loh, Anwar, COO Datuk Roslan Ibrahim and CFO Mohamed Rastam Shahrom at the unveiling of UEM Sunrise’s first phase of Residensi Solaris Parq, a mixed integrated development in Mont Kiara.Developer has embarked on various...
Higher household income not equal to higher consumption
Economist: Rising cost of living offsets household income increasePETALING JAYA: The increase in the Malaysian household monthly income may not necessarily reflect improved private consumption among Malaysians, largely due to the rising cost of living.An economist told StarBiz that he remains...
Mudajaya wins RM1.16bil LRT3 job from Prasarana
It will bring group’s outstanding order book to RM3.5bilPETALING JAYA: Mudajaya Group Bhd has bagged an award worth RM1.16bil from Prasarana Malaysia Bhd for construction works relating to the Light Rail Transit Line 3 (LRT3) project from Bandar Utama to Johan Setia.The construction firm said the...
Housing loan approval rates remain high, says ABM
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) refutes allegations published in a local publication that house buyers are finding it harder to obtain a housing loan and that loan approval time is increasing. "Housing loan approval rate remains high at 73% of the applications in the second...
Malaysians' median monthly household income rises to RM5,228 in 2016
PUTRAJAYA: The median monthly household income for Malaysians in 2016 improved 6.6% to RM5,228 from RM4,585 in 2014, said chief statistician of Malaysia Dr Mohd Uzir Mahidin (pic).He said the mean monthly household income for Malaysians increased 6.2% to RM6,958 in 2016 from RM6,141 in...
Do a survey to win gifts over RM7,000
Do you own a house of your own? Do you intend to buy your own home in near future? What do you think are the challenges when it comes to homeownership? Tell us more by joining the StarProperty.my Buyers’ Sentiment Survey 2017 and stand a chance to win one of the prizes worth over RM7,000.Some...
Rail boost for construction
Next phase: A MRT train heading towards Kajang from Kuala Lumpur. MRT3, which is being touted as the rail story for 2018, has not been granted Cabinet approval. PETALING JAYA: Contract awards related to rail works continue to boost the construction sector with more to come.This week alone, some...
SunCon, WCT potential candidates in Johor RM2.6b bus rapid transit project
The first BRT project, located in Sunway (5.4km), was awarded in 2013 and completed in 2015 at a cost of RM634mil.KUALA LUMPUR: The proposed bus rapid transit (BRT) project in Iskandar Malaysia, Johor could see Sunway Construction and WCT Holdings emerging as potential candidates, says CIMB...
Should you rely on your EPF and savings?
Property investment should be seen as a viable way to earn extra incomeBy MUHAMMAD HAKIM HASSANhakim@thestar.com.myWHILE 68% of middle-income earners depend on the Employees Provident Fund (EPF) as their only source of income after retirement, there are those who look at alternative ways to wealth...