KULAI: Kulai Municipal Council (MPK) only managed to complete six units of affordable houses this year due to land conversion issues with the developer. Its president, Abdul Rahman Salleh, however, said that 2,700 units is expected to be completed next year. Some 3,692 people have applied for affordable homes in Kulai which cost below RM200,000 … Read more
Analysts expect Singapore’s private housing market to face tougher times next year, with the lacklustre economic environment dampening sentiment further, reported TODAYonline. The US Federal Reserve’s decision to raise interest rates and the existing property curbs could see prices drop by up to eight percent in the next 12 months. JLL’s National Director for Research and … Read more
Downgraded from hold to sell with a target price of 82 sen: The consortium of Samsung C&T Corp and UEM Group Bhd has secured the KL118 Tower project from the project owner, Permodalan Nasional Bhd, at a contract sum of RM3.4 billion. The 118-storey skyscraper with a height of over 600m will be the tallest … Read more
The Malaysian economy expanded by 4.9% y-o-y in Q2, the smallest growth since Q4 2013. The unemployment rate remained unchanged at 3.1%. The Ringgit recorded a year-to-date drop of 27% against the US dollar, driven by the devaluation of the Renminbi amid concerns on China’s economic growth, weakened investor sentiment, and low oil prices. Investment … Read more
The UK government’s plan to raise sales taxes on second homes in Britain will also cover buyers living abroad, reported Bloomberg. In November, UK Chancellor of the Exchequer, George Osborne, said buyers of second homes as well as buy-to-let properties within the UK will have to pay stamp-duty sales tax that is three percentage points higher … Read more
The Selangor State Development Corporation (PKNS) has urged low-income people in Selangor to apply for the purchase of its houses in the state through the Selangor Real Estate and Housing Board (LPHS). PKNS general manager Azlan Md Alifah said this would facilitate the corporation in making available more affordable homes as well as assist the … Read more
Prices of completed non-landed private homes dipped 0.6 percent in November 2015 compared to a 0.1 percent increase in the previous month, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Excluding small units, prices in the central region fell 0.8 percent last month after rising 0.5 percent in October. In the non-central … Read more
Last year saw property buyers and aspiring house owners being plagued with negative sentiments especially with the falling Ringgit. As we start the new year, the top-most question on everyone’s mind – where is the property market heading? iProperty.com consulted some industry experts and developers to learn what the property industry has in store for … Read more
PETALING JAYA, Dec 29: Property company Ewein Bhd’s unit Ewein Zenith II Sdn Bhd has inked a sale and purchase agreement (SPA) with Consortium Zenith BUCG Sdn Bhd (CZBUCG) to buy 4.42 ha of land in Penang for RM162 million. Ewein Zenith II is a 60%-owned subsidiary of Ewein Land Sdn Bhd, a wholly-owned subsidiary of … Read more
KUALA LUMPUR, Dec 28: The Malaysian market is expected to remain tough next year as corporate earnings remain weak, said Eastspring Investments Bhd general manager of investment services Yvonne Tan. “Corporate earnings forecast in the beginning of the year were about high single-digit growth. As of now, market is actually looking at a negative growth of … Read more