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....
Read moreTHE 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...
Read morePROPERTY asking prices in the country rose for the first time in 12 months, boosted by the recovery in Kuala Lumpur (KL), Penang and Selangor, and a house buying campaign that woo buyers back to the doorsteps of developers’ office. Sales of properties have been slumbering in the last two years, triggering a massive glut,...
Read morePrivate 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...
Read moreFinding 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...
Read moreSP SETIA Bhd has lowered its sales target for the year as the soft property market led to its lower earnings for the second quarter ended June 30, 2019 (2Q19). Amid an uncertain macro-economic situation and prolonged subdued property market, SP Setia revised the sales target for financial year 2019 (FY19) to RM4.55 billion from...
Read moreDEVELOPERS 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...
Read moreSIME 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....
Read moreHOW 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...
Read moreWITH 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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