Malaysian property agents must reach out to foreign markets in globalised era
According to CBRE, Asian outbound real estate investment reached another record high in 2015, reaching US$62.4 billion (about RM254 billion) -- a 37% increase from 2014.
According to CBRE, Asian outbound real estate investment reached another record high in 2015, reaching US$62.4 billion (about RM254 billion) -- a 37% increase from 2014.
FJP Marketing Sdn Bhd managing director Dr Frank J Peter noted that 92% of property buyers will research their preferred location or property types through Internet search engines for more information before they go to real estate agents.
Iconsiam Superlux Residence Corp Ltd (Iconsiam Superlux) unveiled the first Mandarin Oriental branded residence in Bangkok – a 52-storey tower that sits on 1.9 acres of freehold land and is part of the 20-acre RM5.89 billion Iconsiam integrated development.
Despite developers scaling back on new property launches, the number of new bungalows and garden villa units launched in 2H2015 have jumped to 312 from 24 units in 1H2015, according to the Real Estate Housing Developers Association of Malaysia (Rehda) Property Industry Survey 2H2015.
Close to a third of 159 respondents to the Real Estate Housing Developers Association (Rehda) Property Industry Survey 2H2015 agree that the main issue with affordable housing is the increased overall cost of doing business.
‘Gen-Y are more open-minded and willing to embrace change, while the Gen-X are more steady.’
Patience and hard work are the secrets to surviving today’s soft property market, said Malaysia’s top property agents.
Best Western Plus Kuching – international hotel operator Best Western Hotels & Resorts’ first foray into Sarawak’s capital – is expected to open in 2018, it said in a press release today.
Real estate negotiators must be prepared to tell their clients to buy properties further away from the city centre, said Axis REIT Managers Bhd head of investments Siva Shanker.
“Currently, we have about 18,500 registered RENs with the board, and we observe about 350 new members registering on a monthly basis,” MIEA deputy president Eric Lim said at a press conference in conjunction with the Malaysian Annual Real Estate Conference (Marec’16) event today.