Daily Industry News Update (21 May 2022)

The upfront costs involved in buying a subsale home

Purchasing a subsale property is the safer option for both homebuyers and investors. In the secondary market, buyers avoid the risk of delay, non-completion, or misaligned expectations that come with the purchase of new projects. Investors, meanwhile, can easily check transacted prices, rental yield, and the capital growth of subsale properties online.

Developers slammed for gagging house buyers over faulty units

A consumer advocacy group has denounced property developers who require house buyers to sign an agreement to prevent them from speaking about defects in construction

Encorp, Jentayu to jointly develop RM68m GDV project in Kota Kinabalu

Encorp Bhd has teamed up with Jentayu Sustainables Bhd, formerly Ipmuda Bhd, to jointly develop a 1.6-acre piece of land at Bukit Kepayan in Kota Kinabalu, Sabah into one block of 10-storey