Hong Kong residential property market expected to continue downward trend
HONG KONG (Feb 16): Global commercial real estate services company Cushman & Wakefield expects the Hong Kong residential property market to continue its downward trend.
HONG KONG (Feb 16): Global commercial real estate services company Cushman & Wakefield expects the Hong Kong residential property market to continue its downward trend.
KUALA LUMPUR (Feb 4): International property consultancy firm Rahim & Co is hoping a guideline will be provided on the newly-imposed limit on sales of new homes priced up to RM300,000 for first-time home buyers.
KUALA LUMPUR (Dec 16): Gamuda Bhd saw its net profit fall 13% to RM161.
MALAYSIA: OVERALL RESIDENTIAL PROPERTY MARKET There was an overall contraction of the Malaysian residential property market in the first half of this year (1Q2015) compared with 1Q2014, according to figures released by the National Property Information Centre (Napic).
PENANG’S property market remains subdued in 2Q2015 with the average values in several locations and of property types staying flat, according to The Edge/Raine & Horne International Zaki+Partners Penang Housing Monitor 2Q2015.
Affordability is still an issue for young working adults across the region looking to buy a home.
THE Goods and Services Tax (GST), the weak domestic and global economy, and the uncertain local political situation worsened sentiment in Johor’s property market in the second quarter of the year.
KELANA JAYA (Sept 11): Weak consumer and industry sentiment is expected to continue slowing the property market in the second half of the year (2H2015), said the Real Estate and Housing Developers Association of Malaysia (Rehda).