News about US

SCENARIO 1: Cindy is ready to buy a house, but having heard of plenty of abandoned housing projects in Malaysia, she did not want to take the risk of buying newly-launched or still-under-construction properties.

KUALA LUMPUR (Oct 21): The Attorney General's Chambers (AGC) has come to a decision that “no further action” (NFA) will be taken against Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali (pictured) over his flouting the mandatory home quarantine rule after returning from Turkey in July, The Star reported today.

KUALA LUMPUR (Oct 21): An Asian subsidiary of Goldman Sachs will plead guilty to charges in the US to resolve a foreign corruption and bribery case over the looting of billions of dollars from a Malaysian sovereign wealth fund, The New York Times (NYT) reported, citing a person familiar with the agreement.

MELBOURNE (Oct 20): Australia-based property developer Crown Group is gearing up for its first Melbourne residential development launch next month despite the overall slow market owing to the Covid-19 pandemic.

SINGAPORE (Oct 20): British inventor of the bagless vacuum cleaner James Dyson and his wife are letting go of their three-storey penthouse for S$62 million (US$189 million), for a price cut of close to 16%, Reuters reported.

政府宣布，在拥屋计划（HOC）期间，购买第三间及接下来价值RM60万以上的房屋，贷款融资不再限制于屋价的70%。这项消息对正考虑购买第三套房产的人，例如特许会计师Callie来说，无疑是一项好消息。 Callie在今年年初本来就打算购买第三套房产，但由于银行为她提供的贷款额仅为房价的70%，所以选择暂时搁置她的购买计划。 Callie的第一处物业是位于吉隆坡Taman Ehsan屋龄20年的单层排屋。八年前，她在母亲的资助下，以RM360,000买下人生中第一套房子。 她的第二处物业是位于Kepong的全新公寓单位，售价为RM420,000。在去年年底领取钥匙后就用来出租了。 至于刚刚购买的第三处物业，是位于Bandar Sri Damansara的低楼层二手公寓单位，价格为RM280,000。在政府的房屋振兴计划下，她成功获得占房价90%的贷款额，顺利买下该单位。 她告诉EdgeProp.

KUALA LUMPUR (Oct 16): Taiwan Stock Exchange-listed Wistron Corp, a global leader in state-of-the-art design, manufacturing, services and systems for information and communications products, is expected to ink a deal soon with Western Digital (Malaysia) Sdn Bhd to purchase the latter’s factory located in Sungei Way Free Trade Industrial Zone, Petaling Jaya.

While the Covid-19 pandemic has put a stop to almost all economic activities globally, except for certain industries are booming such as glove manufacturing, the industry property segment appears to be a silver-lining for the property market in Malaysia.

KUALA LUMPUR (Oct 15): The Utama cluster - where the index case is a 28-year-old Nepali security guard working at a shopping mall in Petaling district – now has a total of 132 cases.

Huh, yet another property award!?  When I told some developer and property-industry friends that EdgeProp Malaysia's Best Managed and Sustainable Property Awards 2021 is now open for submissions, a few rolled their eyes momentarily.