THE STAR. 1ST JUNE: Indian house prices are set to accelerate this year to a pace not seen in half a decade, according to a Reuters poll of property analysts who also warned that higher interest rates will crimp affordability, especially for first-time buyers. A lack of demand has kept India’s property market relatively quiet during the […]
THE EDGE MARKETS. 30TH MAY: Vestland Bhd, which is primarily involved in construction of residential and non-residential buildings, is seeking a listing on the ACE Market of Bursa Malaysia. The company aims to raise funds for the acquisition or refinancing of borrowings for the acquisition of new head office, performance bonds or cash deposits for […]
PROPERTY GURU. 30TH MAY: Malaysia Pacific Corporation Bhd (MPCB) and Real Trend Development Sdn Bhd (RTDSB) will jointly develop Rumah Mampu Milik Johor (RMMJ) or Johor Affordable Housing scheme in three phases. Meanwhile, the Selangor State Development Corporation (PKNS) expects to earn over RM300 million this year. 1) MPCB, RTDSB to jointly develop 570 affordable […]
EDGEPROP. 30TH MAY: From being a nuisance to having a negative financial impact on hoteliers, short-term stays are not about to go away. The ultimate solution to the issues lies in clarity, governance and enforcement by the authorities. The Penang state government stirred up a hornet’s nest recently by declaring that short-term rental homes or […]
THE STAR. 30TH MAY: In Toronto’s far-flung suburbs, just a few months ago a typical three-bedroom house would have fetched 40 offers on bidding night and sold well over the asking price. Now, home-buyers have become hard to find. “You’re not getting the bidding wars anymore,” said Tim Keung, chief executive of TimSold Real Estate, […]
EDGEPROP. 30TH MAY: Matrix Concepts Holdings Bhd launched its latest Australian project called M333 St Kilda on Sunday. “M333 St Kilda is our third project in Australia, following M.Carnegie and M.Greenvale that have been fully sold since they were launched in 2016 and 2019 respectively. Due to the good response of our previous projects, we […]
EDGEPROP. 30TH MAY: Property developer Paramount Corp Bhd’s net profit for the first quarter ended March 31, 2022 (1QFY22) jumped to RM5.02 million from RM2.29 million a year prior, on stronger contribution from its property division amid fewer operational disruptions following the reopening of the economy as the country transitions into endemicity. The group’s revenue […]
THE STAR. 30TH MAY: China has actively rolled out targeted measures such as relaxing restrictions on purchases or sales, adjusting housing provident fund policies and lowering mortgage interest rates to better cater to the residential buying market, and boost the development of the property market. Beset by factors such as Covid-19, an expected fall in […]
MALAYSIA SUN. 29TH MAY: China has actively rolled out targeted measures such as relaxing restrictions on purchases or sales, adjusting housing provident fund policies, and lowering mortgage interest rates to better cater to the residential buying market, and boost the development of the property market. Beset by factors such as COVID-19, an expected fall in personal […]
THE EDGE MARKETS. 28TH MAY: China’s first public real estate investment trusts (REITs) based on residential properties will be launched soon as regulators step up efforts to channel fresh capital into the struggling real estate sector and aid a virus-hit economy. Stock exchanges in Shanghai and Shenzhen each accepted an application for residential REITs backed by rental […]