Mixed bag of results for global property markets
THE year has been a mixed bag for the global property markets; some have performed fairly well while some, like in Malaysia, are wishing for better days ahead.
THE year has been a mixed bag for the global property markets; some have performed fairly well while some, like in Malaysia, are wishing for better days ahead.
PETALING JAYA: The world’s most important, influential and interconnected cities with the deepest pools of firms and talent continue to command the highest office occupation costs, with Hong Kong topping the chart of global real estate firm JLL’s Premium Office Rent Tracker.
PETALING JAYA (Dec 2): Hong Kong has the world’s highest rent for premium office space in 2016, taking a significant lead from two other global cities, London and New York, according to international real estate consultancy JLL.
PETALING JAYA (Nov 3): Luxury homes in cities round the globe saw a slowdown in price growth in 3Q2016 as new taxes, elections, referendums and economic jitters took hold, according to international real estate firm Knight Frank LLP.
MONROVIA, LIBERIA (Aug 1): The fishermen, hustlers and market traders of West Point have survived two civil wars and an Ebola epidemic, but this resilient Liberian slum cannot hold back the ocean that is slowly swallowing it.
THE Malaysian Institute of Architects’ (PAM) new headquarters in Jalan Tandok, Bangsar, called PAM Centre, exudes a minimalist feel.
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has jointly led a consortium of lenders to provide the first syndicated syariah-compliant construction financing in New York, the US, totalling US$219 million (RM895.
WHO: Matt Lorrain’s (pictured) foray into furniture design was almost a fluke.
REAL estate trends in developed countries are interesting as they give an idea of how homeowners’ behaviours and tastes are evolving.