Daily Industry News Update (9 June 2021)

INDUSTRY NEWS (9 JUNE 2021)

Property prices may already hit bottom

The property market is expected to remain stagnant in overall asking prices nationwide with the third implementation of the Movement Control Order (MCO 3.0). According to Centre for Market Education fellow and Bait Al Amanah economist Fariq Sazuki, the implementation of MCO 3.0 will

AmInvestment ‘neutral’ on property sector

AmInvestment Bank has remained ‘neutral’ but cautious on the property sector due to elevated house prices, banks’ cautious landing in residential property and house buyers’ inability to qualify for a house mortgage. In a research note, the research house said subdued consumer sentiment and

Merdeka 118 now stands majestically as Malaysia’s tallest building

Permodalan Nasional Bhd’s (PNB) wholly-owned subsidiary, PNB Merdeka Ventures Sdn Bhd marked a major milestone in the construction of its highly-anticipated Merdeka 118 development. The topping out signifies the completion of the final roof slab, safely reaching its peak at Level 118, thus

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