HONG KONG • On a recent Friday afternoon, dozens of people sat hunched over laptops at TheDesk’s six-story co-working space near Hong Kong’s Central business district, while others chatted over snacks at tables on the outdoor terrace – all of them ignoring government advice to work from home to stop the spread of the coronavirus. […]
by admin THE outbreak of the Covid-19 has significantly reduced the average sales of businesses across multiple industries and will play negatively on the local property market, says a senior real estate marketing consultant. “Many developers are already struggling to keep their heads above water. With daily updates, new information, and more confirmed cases, the long term […]
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NEW YORK (BLOOMBERG) – Eric Marrus, a real estate broker at Compass in New York, walked through a US$7.5 million (S$10.4 million) townhouse in Manhattan’s Lenox Hill neighborhood last week, pointing his phone into every corner of the property. He was conducting a virtual tour via WhatsApp for a Chinese couple unable to visit the […]
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BEIJING (REUTERS) – New home prices in China grew at their weakest pace in nearly two years in January, as the economy slows and a fast-spreading coronavirus outbreak brings the country’s property market to a standstill. Worryingly, analysts say the worst is yet to come for the property market, noting that with stepped-up measures to contain the […]
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SINGAPORE (BLOOMBERG) – The fortunes of two of Asia’s hottest property markets are diverging. Singapore is now ranked No. 1 for real estate investment prospects in terms of price increases in 2020. Hong Kong, buffeted by months of violent anti-government protests, has plunged to the bottom of the list from 14th place in 2019. That is […]
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HOLLYWOOD: The world’s first guitar-shaped hotel has officially opened its doors, bringing a distinct silhouette to the city skyline of Hollywood, Florida. The US$1.5 billion Seminole Hard Rock Hotel and Casino Hollywood hosted a glitzy launch party to fete its long-awaited opening last week, with a guest list that included Johnny Depp, Morgan Freeman and […]
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GEORGE TOWN: The Consumers Association of Penang said the lowering of the price threshold for foreigners buying properties in Malaysia could be abused by some to launder their money and even drive up prices of goods. Its president Mohideen Abdul Kader said the reduced threshold from RM1 million to RM600,000 could lead to undesirable people […]
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SUNWAY Group founder and chairman Tan Sri Jeffrey Cheah says the group is looking out for opportunities in the United Kingdom, especially in the student accommodation market. He said it is a good time now to tap the UK property market. According to Cheah, the Sunway group is buying three buildings for student accommodations in […]
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People are talking about a scheme where potential buyers need not worry about down payments, bank mortgages or paying high rental rates just to own a property a few years down the road. They say this will mean homes become more affordable to all Malaysians. Not true. Assuming these things come to be, then the […]
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KL has a population of 1.8 million people. Total existing property units is 482,099 units with another 37,819 incoming units and 67,177 planned homes. Serviced apartments wise, KL has 60,441 of its existing units with 31,455 incoming units and 82,057 planned units. KL has a total of 4,731 units under overhang status worth RM4.6 billion. […]
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