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Singapore retail rents remain weak in 1H2019

Singapore retail rents remain weak in 1H2019

Ground floor rents on Orchard Road declined by 1.5% half-on-half (h-o-h) in 1H2019 to $40.60 psf per month, while rents in the Regional Centres remained flat at $33.60 psf per month. Although rental declines have slowed since early 2018, the soft economy could impact the weak consumer sentiment and delay any rental increases, notes Colliers....

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KPKT to introduce 6 new home loan schemes in mid-October, says minister

KPKT to introduce 6 new home loan schemes in mid-October, says minister

THE Housing and Local Government Ministry is expected to introduce six new home loan schemes in mid-October, after the central bank announced its decision to ease home lending rules effective Sept 1. Minister Zuraida Kamaruddin (picture) said the government is in the final stage of discussion to make more end-financing options available for low-income groups in line...

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Sales of private new homes up 43.5% m-o-m to 1,178 units in July

Sales of private new homes up 43.5% m-o-m to 1,178 units in July

Private new home sales in July increased by 43.5% m-o-m to 1,178 units in July, according to developers’ monthly sales data by URA. This figure excludes executive condos (ECs). Including ECs, developers sold 1,556 units in July, reflecting an 89.3% m-o-m leap in new home sales. “[July’s new home sales performance], coming on the back...

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KL North — an emerging hotspot

KL North — an emerging hotspot

Finding a suitable place to live can be such a tedious and daunting task especially when you are not sure what is going to happen within the neighbourhood that you are interested in. The rule of the thumb is never buy a property next to an empty plot of land, abandoned site, or aging low-cost...

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Stop building serviced apartments in JB

Stop building serviced apartments in JB

DEVELOPERS in Johor Baru (JB) should stop building serviced apartments in a state which accounts for about half the country’s unsold properties and a capital city which is facing massive oversupply, low take-up rate and rising uninhabited structures. The rush to capitalise on wealthy foreign buyers has left the state with over 16,000 unsold properties...

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72% take-up rate for Sime Darby Property’s Laman Lakeside

72% take-up rate for Sime Darby Property’s Laman Lakeside

SIME Darby Property Bhd’s Laman Lakeside residential project recorded a 72% take-up rate after it was unveiled to the public last weekend. Located in the award-winning integrated and self-contained township of Bandar Bukit Raja in Klang, Selangor, Laman Lakeside is a low-density development of 24 semi-detached homes starting with a price tag of RM1.5 million....

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Bukit Mertajam most popular

Bukit Mertajam most popular

HOW is the property market in Penang doing currently? In a snapshot, the top three most popular areas for house buyers are in the state’s mainland — Butterworth, Bukit Mertajam and Simpang Ampat. Bukit Mertajam is also the most popular area in Penang. In Penang island, Ayer Itam and Jelutong are the top two favourite...

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‘MM2H scheme may help ease glut’

‘MM2H scheme may help ease glut’

WITH RM20 billion worth of residential overhang in the local property sector, Malaysia should be more open to foreign buyers with higher spending power to enter the market. Encouraging more foreigners to take up the Malaysia My Second Home (MM2H) programme and invest in Malaysian properties could help ease the glut in the property sector,...

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