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Subsale property market needs catalysts to boost growth

Subsale property market needs catalysts to boost growth

THE subsale residential property market, which has remained stable over the years, may need some catalysts to boost transactions compared to the primary market which has been seeing improved sales due to the Home Ownership Campaign (HOC). Rahim & Co International Sdn Bhd real estate agency CEO Siva Shanker said the subsale market has remained...

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Redas: Increase in private residential prices not reflective of market conditions

Redas: Increase in private residential prices not reflective of market conditions

SINGAPORE (EDGEPROP) – Singapore developers are concerned with the current market situation of “high supply and subdued demand”, says Chia Ngiang Hong, president of the Real Estate Developers Association Singapore (Redas), at the association’s Mid-Autumn Festival Lunch today (Sept 13). While the private residential property market has seen more activity in recent months, Chia highlights...

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Sales of private non-landed housing units to foreigners rise to 6% in 2Q2019: Edmund Tie

Sales of private non-landed housing units to foreigners rise to 6% in 2Q2019: Edmund Tie

SINGAPORE (EDGEPROP) – In 2Q2019, the proportion of sales of private non-landed housing units to Singaporeans (SCs), Singapore permanent residents (SPRs) and foreigners (NPRs) remained steady, according to Edmund Tie’s 2Q2019 Housing Report released on Sept 10. The sales to NPRs, however, rose by one percentage point to 6% in 2Q2019. The proportion of mainland...

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Putrajaya aims to organise HOC to attract Chinese house buyers

Putrajaya aims to organise HOC to attract Chinese house buyers

KUALA LUMPUR, Sept 11 — Putrajaya is looking at organising a Home Ownership Campaign (HOC) either in China or Hong Kong, to attract Chinese buyers to come and invest in the local property market, which is cheaper by comparison, said Housing and Local Government Minister, Zuraida Kamaruddin. “I was thinking that we could organise this HOC campaign (in China...

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‘Prime office rents under pressure’

‘Prime office rents under pressure’

Prime office rents in Kuala Lumpur City (KL City) are poised to remain under pressure with landlords competing to attract new occupiers and retain existing tenants. According to Knight Frank’s Asia-Pacific (Apac) Prime Office Rental Index for the second quater of 2019 (Q2 2019), there was a marginal decline of 0.2 per cent for office...

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TMR looks at the 4 phases of property cycle

TMR looks at the 4 phases of property cycle

WHAT lies ahead for the property market is anybody’s guess, particularly given the volume of overhang units is on the rise. Some industry experts say “we don’t have a crystal ball” when asked about the property market’s future, while refuting the possibility of the “property bubble bursting” soon. In reality, the property market follows a...

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Property prices will not be affected by HK buyers

Property prices will not be affected by HK buyers

THE property prices in Malaysia will not be affected by the influx of Hong Kong buyers in the country although they are driving demand in the country’s real estate market. According to Asiacap Valuer & Property Consultants Sdn Bhd property valuer Kit Au Yong, these buyers will not be able to absorb enough supply to...

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Serviced apartments outshine condos in 1H19

Serviced apartments outshine condos in 1H19

THE demand for condominiums in the country’s secondary market has shifted towards serviced apartments during the first half of 2019 (1H19), according to iProperty.com.my. The property portal analytics revealed that the demand for condominiums in Malaysia in general — particularly in Kuala Lumpur (KL), Selangor, Penang and Johor — has decreased. However, the demand for serviced...

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