China Home Price Growth Hits Near 2-year Low in January As Coronavirus Spreads

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 […]

by admin
February 20, 2020
Business, Marketing, Real Estate

Lower Threshold for Foreign Home Buyers Open to Abuse, Warns CAP

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 […]

by admin
October 21, 2019
Marketing, Real Estate

Its population growth that drives the property market

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. […]

by admin
September 5, 2019
Business, Marketing, Real Estate

Spooked by protests, Hong Kongers snap up homes at Malaysia’s Forest City development

Spooked by protests, Hong Kongers snap up homes at Malaysia’s Forest City development KUALA LUMPUR/HONG KONG (REUTERS) – Hong Kongers have snapped up about 200 apartments in the past two months at a sprawling housing development in Malaysia, two estate agents said, a sign that some are looking for homes elsewhere due to the political volatility at home. […]

by admin
August 22, 2019
Business, Marketing, Real Estate

Property Market Expected to Recover in Second Half of The Year

KUALA LUMPUR: The Malaysian Institute of Estate Agents (MIEA) expects the property market to register a recovery in the second half of the year. MIEA president Eric Lim said buyers had been sidelined following the May 9 polls, and were waiting for greater clarity from the government on housing policies. “As the dust settles, we […]