THE EDGE MARKETS. 6TH FEBRUARY: If you have been a parent who had to find accommodation in London or elsewhere in the UK in recent months, you would find the competition fierce and rents hitting all time high as demand far outstrips supply. In London, the average asking rent has reached a record of £2,480 […]
MINGTIANDI. 6TH FEBRUARY: Fund manager Sunway RE Capital has acquired a student housing property in southern England, adding to a burst of recent acquisitions in the asset class by Singapore-based investors in the UK. The real estate platform controlled by Malaysia’s Sunway Group bought Green Wood Court, a 233-bed property in Southampton, through Sunway Residence […]
ZAWYA. 5TH FEBRUARY: The $665 million project, which is being developed as part of Sakani housing programme, is due for competion in five years Saudi-based Sany Alameriah For Construction Company has signed up MGB Berhad – a leading Malaysian construction and property development company and a subsidiary of LBS Bina Group – to design and build […]
EDGEPROP. 7TH FEBRUARY: Market will grow as there is stability in the country Secondary market is expected to perform from pent-up demand The Malaysian property market is expected to improve in 2023 as long as the fundamentals and government’s support through incentives are in check, according to the Malaysian Institute of Estate Agents (MIEA). Its […]
NEW STRAITS TIMES. 8TH FEBRUARY: All is not lost for the local property market, which has begun to catch up following various good occurrences in the country and overseas, beginning with the reopening of China’s border. The Malaysian ringgit is strengthening, and the time and procedures for foreign labour intake approval are being shortened and […]
THE MALAYSIAN RESERVE. 6TH FEBRUARY: Unsold property declined 15.4% in 3Q22 while transaction volume rose 12.6%, however, interest-rate and cost-increase risks linger The Malaysian residential property market is seeing a slight improvement with the number of overhang residential units shrinking by 15.4% in the third quarter of 2022 (3Q22). However, the overall real estate market is expected to […]
THE EDGE MARKETS. 1ST FEBRUARY: The real estate market in Johor Baru appears to be holding steady against the challenges in the third quarter of 2022, and this sentiment is expected to be maintained in the coming quarters, according to The Edge | KGV International Property Consultants Johor Baru Housing Monitor 3Q2022. KGV International Property Consultants […]
MALAYSIA NOW. 3RD FEBRUARY: Experts are split over the recent invitation to Singapore’s Housing and Development Board to review Malaysia’s housing policy. Putrajaya’s move to invite experts from Singapore’s public housing agency to review Malaysia’s housing policy has given rise to debate about the extent to which the island-state’s strategies can be successfully applied in the country. […]
THE EDGE MARKETS. 1ST FEBRUARY: The number of people in Hong Kong whose homes are worth less than their mortgages surged to an 18-year high as the financial hub struggles with the worst housing slump in more than a decade. There were 12,164 cases of so-called negative equity in the fourth quarter, according to data […]
THE EDGE MARKETS. 1ST FEBRUARY: Shaky property markets across much of the world pose another risk to the global economy as higher interest rates erode household finances and threaten to exacerbate falling prices. Reports this week have shown the US housing slump stretched into a fifth month, China’s home sales slide continued and price declines […]