Residential property loans grew to 8.8% of household debt as at July 2017
“The bulk of household debt was for wealth accumulation with 63% secured by properties and principal-guaranteed investments.”
Purpose-built Office Rental Index continues uptrend in 2Q17
The Kuala Lumpur rental index rose by 3.7% to 133.5 points.
Shop overhangs shot up 54.3% to 7,754 units in 1H17
As of June 2017, the existing stock of shopping complexes stood at 15.1 million sq m.
Non-residential property subsector up 4.9% to RM6.4b in 1H17
Growth was due to the rebound in starts for shops and serviced apartments.
Average home prices rose in 1H17
The Malaysian House Price Index grew moderately to 184.1 points in 2Q2017 from 174.4 points a year ago.
Residential overhang growth almost doubles in 1H17
Notably, the overhang in 1H2016 only rose by 28.3% in 1H16 from a year ago.
Residential take-up rose in 1H2017
Due to continued access to housing loans, especially for first-time homebuyers.
S P Setia shines at inaugural EdgeProp Singapore Excellence Awards 2017
S P Setia Bhd’s 24-storey Eco Sanctuary in Singapore picked up the Development Innovation Award at the inaugural EdgeProp Singapore Excellence Awards 2017.
S P Setia sets record asking price in Melbourne with luxury penthouse
Sapphire By The Gardens has taken the title of Melbourne’s most expensive apartment for sale, with a A$29 million (RM95.54 million) price tag.
TRX Residences eyes 1Q18 launch
TRX Residences will comprise six towers of 40 to 57 storeys each that will offer a total 2,400 homes.
