Iskandar is expected to become the newest investment haven in Malaysia, especially its real estate sector, according to many experts interviewed by the New Straits Times. It is forecasted to emerge as one of the world’s most prosperous regions in the next 10 years after it was left behind by property booms in Penang, Kuala Lumpur … Read more
UK-based Select Property Group recently opened an office at the CapitaGreen office building in Singapore, to take advantage of the ongoing demand for lucrative investment properties in Britain. “Asia is one of the most important growth markets for Select – more than 18 percent of our investors come from this region,” said Group Managing Director … Read more
KUCHING: Bintulu Port Holdings Bhd (BPHB) has re-scheduled several of its major development projects for Bintulu Port as the economic slowdown has affected its total cargo throughput. Chief executive officer Datuk Mior Ahmad Baiti Mior Lub Ahmad said as there was no urgency to implement the proposed projects mooted two years ago, these have been … Read more
Those who are caught leasing out entire properties in Berlin on Airbnb and other similar websites, instead of single rooms, will face hefty fines, reported The Telegraph. Under the new law called Zweckentfremdungsverbot, which was passed by the authorities in 2014, but only came into effect on Saturday (30 April), violators face a fine of … Read more
PETALING JAYA: RAM Ratings projects the banking sector’s loan growth to ease to 6% this year as the economic environment remains challenging and macro-prudential measures to curb household debt continue to exert an impact. However, its co-head of financial institution ratings Sophia Lee expects the overall asset quality indicators of the sector to remain healthy … Read more
owners who want to relinquish their ownership in favour of another family member are no longer permitted to do so, except on certain grounds, reported The Straits Times. Under the new rules which came into force last month, transfer of ownership is only allowed for divorce, marriage, medical reasons, death of an owner, financial hardship … Read more
Property prices in Dubai could fall by as much as 10% this year as a strong dollar and falling oil prices continue to weigh on demand for homes in the popular tourist destination. Dubai’s real estate prices tumbled by around 13% on average in 2015 and Standard & Poor’s, one of the big three credit rating … Read more
Developers are offering creative financing packages to attract potential home buyers, given the sluggish property market and the stringent criteria of banks in granting housing loans. “The market was still flat in the first quarter, with some developers delaying their launches. They are trying to move whatever stock that is still available, and we have … Read more
According to the Deputy Minister of Federal Territories Datuk Dr. Loga Bala Mohan, the long abandoned Plaza Rakyat will be refurbished and work is expected to start in June 2017, reported Bernama. “Before we start work on this building, we have to first settle the claims of the depositors of the project. Hence, we have … Read more
The Land Transport Authority (LTA) will be calling several tenders for the construction of the 21.5km North-South Corridor (NSC) in the coming months. With the aim of connecting towns in the northern region to the city centre, the NSC is touted as Singapore’s first integrated transport corridor, featuring continuous bus lanes and cycling trunk routes, … Read more