Will slowdown make houses more affordable?
THE extraordinary boom in the property market in Malaysia is ending but high house prices and the middle-class obsession with home ownership are likely to persist for a long time to come.
THE extraordinary boom in the property market in Malaysia is ending but high house prices and the middle-class obsession with home ownership are likely to persist for a long time to come.
KUALA LUMPUR (Nov 16): The Ministry of Finance said in the Economic Report 2015/16 that household debt rose to 88.
It is a British city known for a world-famous university that has produced more Nobel Prize winners than any other institution in the world, including British-American economist Angus Deaton, this year’s recipient of the Nobel Memorial Prize in Economic Sciences.
KUALA LUMPUR (Oct 23): The median home value in Malaysia has hit the RM300,000 mark in the first half of 2015 (1H15), with Selangor, Penang, Sabah and Sarawak continuing to exceed the average price since 2004.
KUALA LUMPUR (Sept 25): Housing affordability has been a thorny issue for the government, and the problem becomes even more prominent after the property boom in recent years.
KUALA LUMPUR (Sept 3): Sunway Bhd's shares rose as much as 5% after the property and construction firm declared a special dividend of 26 sen a share.
KUALA LUMPUR (Aug 13): The much-anticipated The Edge-Mah Sing Millionaire Contest is definitely heating up as the 21 finalists have been chosen recently and are currently being notified.
LONDON (JULY 30): Commercial property and real estate services adviser CBRE expects Central London residential sector activity to increase in the second half of the year.
Property sector Maintain overweight: Recent statistics released by the National Property Information Centre (Napic) revealed that overall property transaction value was up +7% year-on-year (y-o-y) to RM163 billion, while volume changed hands rose +0.