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Buying a house is mission impossible for many Americans

Buying a house is mission impossible for many Americans

Home for sale. To become the proud owner, simply make a quick offer, and outbid all interested buyers by US$100,000. In the red-hot US housing market, homebuyers are facing sticker-shock as prices have soared, and now they also have been hit with a surge in borrowing rates. “I’ve visited approximately 150 houses since 2019,” frustrated...

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The time to invest is now

The time to invest is now

“BE fearful when others are greedy and greedy when others are fearful,” is a famous quote by billionaire investor Warren Buffett (pic) made more than three decades ago. This quote is relevant now. Some investors fear the impact of the 40-year record high inflation which is driving up prices of goods and services, and in...

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Inflationary consequences

Inflationary consequences

SARAVANAN, a minimum wage worker, complains about how he has to pay almost RM10 more for five kg of cooking oil in a span of just two years. “The price of vegetables, poultry products and processed items have all increased significantly. The only thing that doesn’t increase as much is my salary. “I’m not the...

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You can now buy a home as an NFT

You can now buy a home as an NFT

PARIS: Real-world real estate in NFT form? That’s right, forget the craze for buying virtual real estate in the metaverse, now it is the purchase of bricks-and-mortar properties through non-fungible tokens that is starting to emerge. In February, a house in Florida was sold via NFT at auction for $653,000. And this is just the...

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Sunsuria purchases agricultural land in Ijok for RM74.17mil to expand

Sunsuria purchases agricultural land in Ijok for RM74.17mil to expand

Sunsuria Bhd is paying RM74.17 million for a parcel of leasehold agricultural land in Ijok, Kuala Selangor, to expand its property development and property investment businesses. According to a filing with the Bursa Malaysia last Friday, the proposed acquisition represents an opportunity for the company to accumulate strategic industrial land. The developer has proposed purchasing...

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Far East Consortium’s casino & resort complex in Brisbane will gradually open beginning mid next year

Far East Consortium’s casino & resort complex in Brisbane will gradually open beginning mid next year

The Queen’s Wharf Brisbane integrated casino and resort complex, backed by a pair of Hong Kong heavyweights including Malaysian billionaire Tan Sri David Chiu’s the Far East Consortium, is set to open gradually beginning in mid-2023 and transform Brisbane’s riverfront. Far East’s partner in the A$3.6 billion complex is New World Development chairman Henry Cheng’s...

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Industrial land demand on uptrend

Industrial land demand on uptrend

GEORGE TOWN: The Penang Development Corp (PDC) will develop between 100 and 150 acres of industrial land annually in Batu Kawan over the next three years. According to special adviser to Penang Chief Minister Datuk Seri Lee Kah Choon (pic), the demand for industrial land in Penang is strong. “Due to the pandemic, electronic raw...

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