YAHOO MALAYSIA. 3RD APRIL: The focus of foreigners like Singaporeans have changed throughout the years when it comes to buying property. Sean Thong, a 13-year veteran of Malaysia’s property industry, had just gotten off the phone with a long-time client. She had contacted Thong regarding her daughter and American son-in-law, who had expressed interest in buying office […]
GLOBAL PROPERTY GUIDE. 3RD APRIL: House prices slightly down by 0.64% during 2022 After nine years of strong house price growth, the U.S. housing market is now showing signs of slowdown, amidst falling demand and weakening economy. The S&P/Case-Shiller seasonally-adjusted national home price index fell slightly by 0.64% y-o-y in 2022 (inflation-adjusted), following annual increases of 11.09% in […]
GLOBAL PROPERTY GUIDE. 5TH APRIL: House prices were down by 1.13% during 2022 Nationwide house prices fell by 1.13% in 2022 from a year earlier, in inflation-adjusted terms, following year-on-year increases of 0.23% in 2021, 4.21% in 2020, 1.08% in 2019, 2.4% in 2018 and 4.38% in 2017. On a quarterly basis, house prices were up […]
EDGEPROP. 4TH APRIL: The total basic development allocation approved under Rolling Plan 3 for 2023 for all six states is RM17.94 billion. The government will intensify its efforts to attract quality investments, and continue to improve the business ecosystem in regions or states that are still underdeveloped, in an effort to promote equitable growth between regions and states. According […]
SOUTH CHINA MORNING POST. 3RD APRIL: Data on outflows is scarce, but the signs suggest new demand to get capital out of China, where real estate confidence is fragile Agents say Chinese interest is ticking up in Thailand and helping to boost prices in Singapore, while Chinese students are bagging flats Australia The end of China’s strict […]
MALAYSIAKINI. 30TH MARCH: It was reported in almost all media recently that Bank Negara Malaysia (BNM) has introduced a standardised housing loan and home financing agreement for retail borrowers/customers. As part of the implementation of the standardisation, financial institutions are required to cease imposing any fee, whether directly or indirectly, on housing loan documents to lawyers, […]
PROPERTY GURU. 4TH APRIL: The government has improved the Housing Credit Guarantee Scheme (HCGS) by raising the financing funds to RM5 billion from RM3 billion and expanding the qualified applicants to include fixed income groups. Meanwhile, an activist for community affairs has suggested enlarging People’s Housing Project (PPR) units to 1,000 sq ft to accommodate […]
MALAY MAIL. 31ST MARCH: Improvements to the Housing Credit Guarantee Scheme (HCGS) under the Budget 2023 through the increase of financing funds and expanding the qualification of applicants to fixed income groups can help reduce the number of unsold low- and medium-cost houses. Economic expert Jain Yassin said the scheme, which offers financing up to RM400,000, […]
THE MANILA TIMES. 29TH MARCH: In the interest of helping address the lack of affordable housing options in the country, Malaysian conglomerate Synergy International Group of Companies — through its property development division, Synergy International Realtors Sdn. Bhd. — joined Philippine company Aquira Land Development Corp. (ALDC) as co-developer of an ongoing 57-hectare, low-cost housing […]
NEW STRAITS TIMES. 29TH MARCH: The housing market is anticipated to maintain its recovery momentum, aided by gradual improvements in income and business conditions, as well as policy measures. The measures include extending the complete stamp duty exemption for properties priced at RM500,000 or less, as well as a 75 per cent stamp duty discount […]