Real Estate

More Malaysian Home Buyers Post-COVID-19?

In recent years, Malaysia’s property market has been resistant in terms of price. It was reported that over the last 30 years, house prices declined between 1998 and 1999 due to the impacts of the 1997 Asian financial crisis. Then in 2001, the property market in the country entered into a recovery phase. A few years later the mid-cycle dip took place during 2007 to 2009 because of the subprime mortgage crisis.

27 August 2020
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Stopping Cambodia’s Reckless Urban Development

Years ago, I spoke to the head of a large factory in the Cambodian capital, Phnom Penh. She was worried that more than 100 of her workers lived in riverside slums around the building. Their homes were on land at risk of flooding, but the workers were more afraid of being expelled from them.

17 August 2020
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Reimagining The Office

Last month, Twitter CEO Jack Dorsey announced that the company would allow its employees, currently working from home in accordance with social-distancing protocols, to stay there for good. Several other big businesses – from Facebook to the French automaker PSA – have followed suit with plans to keep far more employees at home after the COVID-19 crisis ends. Will the office be yet another casualty of the pandemic?In a sense, the death of the office has been a long time coming.

16 June 2020
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Online gambling and property prices in ASEAN

Will the end of Chinese involvement in ASEAN’s online gambling sector see a spiral in property prices?A stark example of this is playing out in Cambodia, where there have been reports of the property bubble bursting in Sihanoukville – a beach town now known for its casinos – after Prime Minister Hun Sen announced that the country would stop issuing online gambling permits on 18 August.In the Philippines, though, President Rodrigo Duterte has remained steadfast in his support for online gambli

26 October 2019
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Li Ka-shing predicts strong demand for Hong Kong property

Hong Kong’s richest man signaled he sees no end in sight for the demand in property that’s been driving up prices in the world’s most expensive real estate market."Demand remains very strong," CK Hutchison Holdings Ltd.’s billionaire chairman Li Ka-shing said to reporters on Thursday before the start of the annual dinner for his group of companies.

5 January 2018
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How Wanda's bunny run stumbled in a Country Garden: Gadfly

A hare can be outrun by a tortoise. Dalian Wanda Group Co.'s Wang Jianlin should have heeded the ancient wisdom and stuck with real estate.The conglomerate's fall from grace has been swift. As recently as 2015, Wanda was the fourth-largest property developer in China, generating 151 billion yuan (23.2 billion dollars) in sales, according to data from China Real Estate Information Corp.

4 January 2018
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Singapore property bulls ignore Central bank's warning into 2018

Singapore developers may extend their share rally into 2018 on a reviving home market, according to money managers and analysts, who say the central bank’s warning on a potential oversupply may not play out for years. After double-digit gains this year, Morgan Stanley sees a 42 percent jump in shares of CapitaLand Ltd., the nation’s largest developer, and a 24 percent increase in City Developments Ltd., the second-biggest, in the next 12 months.

6 December 2017
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Manila gridlock spurs dormitory demand in the Philippines

Ayala Land, which built Manila’s financial district, is expanding into workers’ dormitories as developers target people fed up with battling some of the world’s worst traffic.The company is investing three billion pesos (58 million dollars) building five dormitories on four sites in the Makati and Taguig business districts, comprising 1,500 units that can house as many as 6,000 people, President Bobby Dy said in an interview.

27 October 2017
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‘Hungry Ghost’ month affected home sales in Singapore

Singapore home sales fell in September as developers marketed fewer projects in a month considered inauspicious by Chinese homebuyers.Developers sold 657 units last month, down from a revised 1,246 in August, according to Urban Redevelopment Authority data released Monday. That’s the lowest sales since January.

16 October 2017
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Singapore's home-sharing sector is on the rise

Sizing up the home-sharing industry in Singapore has become the economist’s puzzle as the aspiring “Smart Nation” grapples with resistance to next-door strangers.Despite government rules restricting the likes of Airbnb operating in Singapore, there are signs that home-sharing has become more prolific in the city state.

12 October 2017
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Malaysian billionaire acquires Singapore's most expensive land

Kwek, not Quek. It's not enough that a Malaysian tycoon is paying the most ever to build a new office block in Singapore. What's more important is that his billionaire Singapore cousin is staying away.Malaysian billionaire Quek Leng Chan's Guocoland snagged the Beach Road site for a record S$1.62 billion (1.2 billion dollars), beating four suitors, out of which another three were foreign.

2 October 2017
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