KUALA LUMPUR, June 26 (Bernama) — Deputy Finance Minister Datuk Johari Abdul Ghani Sunday suggested that housing developers focus on redeveloping old flats to meet the high demand for low-cost housing in the federal capital. He said the demand for low-cost homes such as the People’s Housing Project (PPR) and Public Housing (PA) units was … Read more
Many Singaporeans are still unhappy with the state of the local property market, according to PropertyGuru’s latest Property Affordability Sentiment Survey 2016. About 44 percent of the survey’s 933 respondents reported being dissatisfied with the market. The main cause of unhappiness remains the sky-high property prices. However, the majority of those polled believe home prices … Read more
THE slowdown in the local property market saw loans approved to the sector last year drop marginally. According to National Property Information Centre’s (Napic) 2015 Property Market Report, total loans to the property sector grew 2.6% during the quarter ended December 2015, a drop from the 4.3% in the previous corresponding period. Of this, loans … Read more
Inter-generational arguments over affordability have again become salient in the media. Characterizations of moaning millennials were made by economist Stephen Koukoulas, prompting a response from young writer Osman Faruqi that baby boomers should choke on my soy flat white. Confusion around the severity of housing affordability arises because dwelling prices change daily, yet the institutional … Read more
As the saying goes “There’s no place like Home”. Buying our own home is one of the biggest financial decisions we make during our lifetime. The Majority of people, regardless of whether they buy as an investment or to live in, will finance their home through a housing loan. Without a guidebook, it can be … Read more
Prices of private residential properties in Singapore continued their downward trend, falling by 3.6 percent in the fourth quarter of 2015 from the previous year, according to Knight Frank’s latest Global House Price Index. On a quarterly basis, prices slipped by 0.2 percent from Q3 2015. Singapore was ranked 51st out of the 55 housing … Read more
KUALA LUMPUR, March 2 (Bernama) — The government has agreed to review the National Housing Policy, especially related to property prices, which was proposed be decided by the government, not just to market forces. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the government via the Urban Wellbeing, Housing and Local Government Ministry … Read more
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