Malaysia is not expected to see a property bubble in the next five years, said iProperty General Manager Data Services, P. Premendran. He said Malaysia has prepped fallback measures from the 1997-1998 economic turmoil and from the US sub-prime mortgage crisis in 2008. “Malaysia would not be heading into a property bubble as the next … Read more
The vacant office buildings and the rows of unoccupied shoplots in Pahang underscore that many business owners there are unwilling to pay high rent amid lacklustre market conditions, reported the New Straits Times. According to the Real Estate and Housing Developers Association (REHDA), many landlords are unable to lease their properties to budget-conscious tenants, with … Read more
Unless the government raises the supply of low-cost houses significantly, a large number of Malaysians would be unable to get a roof above their heads, reported Free Malaysia Today. “The threat of a homeless generation, where up to 80 percent of the population cannot afford to buy their own properties, is beginning to take root,” … Read more
KUALA LUMPUR, 17 February: The Malaysian property market will remain subdued this year, with oversupply concerns in the retail and commercial sectors, said property consultants Rahim & Co. “On the commercial side, there is a problem of oversupply. Within the next two to five years, 15 million sq ft are coming into the market. That is … Read more
Penang, an idyllic island that freezes in time? Perhaps such description can be seen as stale and an understatement to what Penang truly is now. The evanescent island city and even its mainland territory prove to be a winner among those seeking for residential properties. If you are a fan of House Hunters International, which … Read more
Singapore is the seventh most expensive location in Asia for high-end rental accommodation this year, falling from last year’s fourth position in regional rankings. Hong Kong and Tokyo maintained the first and second place while Seoul was up two notches at the third place from fifth in 2016. This was the findings of the latest … Read more
PETALING JAYA: THE ramifications of a bubble burst are disastrous as seen with The Great Recession in the United States, in which its effects were felt globally. A recent study by a research team from University Tunku Abdul Rahman (UTAR) zeroed in on the current state of Malaysia’s housing market, and stated that there are … Read more
The secondary housing market moved the real estate business last year, accounting for around 80 percent of the country’s real estate transactions, reported New Straits Times. “New projects account for between 20 and 25 percent. It is the secondary market that drove the market last year,” said Malaysian Institute of Estate Agents (MIEA) past president … Read more
KUALA LUMPUR (Bernama) — The property industry is expected to remain lacklustre this year after the sluggish sales in 2016, driven by prolonged weak sentiment, low affordability and accelerating incoming supply. In a research note today, AllianceDBS Research Sdn Bhd said, buyers were likely to adopt a wait-and-see attitude in anticipation of lower selling prices … Read more
Although 2016 has been a year of global uncertainty, marked by a spring of nationalist-populist and far-right ideologies dawning on both sides of the Atlantic, real estate markets in Asia-Pacific remained relatively robust. Investors around the region are still, and will still, allocate capital to real estate. “There has been a lot of capital around … Read more
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