The property outlook in Iskandar Malaysia remains attractive with good demand for landed residential properties, as the foreign and domestic property buyers prefer landed over high-rise living. According to Stanley Saw, divisional general manager at SP Setia Bhd (Property South), the development and progress taking place in Malaysia’s first economic growth corridor served as the … Read more
KUALA LUMPUR, June 23 (Bernama) — Gabungan Strategik Sdn Bhd, a unit of Gabungan AQRS Bhd, has received a letter of intent (LOI) from PR1MA Corporation Malaysia to acquire 1,149 units of PR1MA homes from the company and AQRS The Building Company Sdn Bhd. Gabungan Strategik is the developer, while AQRS The Building Company is … Read more
Singapore has maintained its ranking from last year as the world’s fourth most expensive city for expatriates, according to Mercer’s 2016 Cost of Living Survey. Hong Kong topped the list, pushing Angolan capital Luanda to second place. Zurich remained in third place, while Tokyo climbed to fifth. Kinshasa and Shanghai took the sixth and seventh … Read more
Property developer TG Development has unveiled a new scheme that will allow buyers to rent a unit at Lloyd Sixtyfive in River Valley before deciding to purchase it. Under its Experiential Leasing Scheme, a potential buyer can sign a two-year lease and pay the rent and refundable deposit upfront to stay in a brand new … Read more
In a bid to move units, more property developers are offering deferred payment schemes, reported The Straits Times. In fact, two more developers are now offering the option following the recent success of OUE Twin Peaks, which offered the scheme. The scheme partly bets on whether current loan-to-value limits will be fine-tuned, since the majority … Read more
Indonesian tycoon Trihatma Kusuma Haliman is believed to have bought a seventh floor unit at the Le Nouvel Ardmore condominium near Orchard Road for $21 million, reported The Business Times. This translates to $4,006 psf based on the 5,242 sq ft strata area, which includes a strata void area of 280 sq ft. Trihatma controls … Read more
KUALA LUMPUR: Property developer I-Bhd is in talks with a few parties over a land deal for the group’s next phase of development, which include urban projects and townships. Deputy chairman Datuk Eu Hong Chew said the group is actively looking for land in the Klang Valley. “We are looking at a sizeable project worth … Read more
GEORGE TOWN: Price manipulations, market monopoly and evictions of generations-old tenants are threatening the city’s world heritage site, claimed NGOs here. Heritage properties estimated at RM400,000 to RM600,000 had suddenly changed hands for up to RM1.2mil, and these inflated prices have stirred foreigners, especially Singaporeans, into a buying frenzy of George Town’s pre-war shophouses. The … Read more
To avoid paying hefty extension charges, some property developers are resorting to big discounts and creative marketing schemes to move units at various high-end residential projects, according to UOB Kay Hian and reported Singapore Business Review. Wheelock Properties, for instance, is offering an ABSD assistance package at Ardmore Three, offering buyers discounts of 13 to … Read more
Do you want a house for free? The Sicilian town of Gangi, tucked away in the central part of the country, needs newcomers to replace its vanishing populace. So the local government has decided to offer up vacant homes to businesses that want to spruce up the area with hotels and individuals looking for a … Read more