News about real estate

PETALING JAYA (July 30): The absence of international tourists for 18 months due to the Covid-19 pandemic has led to the closure of nearly half of the retail businesses at Myeongdong (pictured) in Seoul, South Korea, reported Pulse News Korea on July 29.

Maxland Real Estate Agency senior negotiator CK Chong highlights that the Kuala Lumpur prime property market is full of potential because Malaysia is strategically located in South East Asia and KL is the capital city.

SINGAPORE (July 23): Singapore’s residential market climbed 96.

PETALING JAYA (July 22): The investment volume in Asia Pacific commercial real estate reached US$83.

PETALING JAYA (July 22): The industrial property market remained attractive, thanks to the booming e-commerce activities amid the pandemic, said property consultancy firm Knight Frank Malaysia.

KUALA LUMPUR (July 21): Axis Real Estate Investment Trust (REIT) announced a 9.

PETALING JAYA (June 30): Real estate professional bodies have urged the government to create an emergency fund from the contribution of large corporations which are not affected by the lockdowns to help those experiencing financial woes This is one of the suggestions from six professional bodies, namely the Royal Institution of Surveyors Malaysia (RISM), the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS), the Malaysian Institute of Property and Facility Managers (MIPFM), the Malaysian Institute of Professional Estate Agents & Consultants (MIPEAC), the Business Valuers Association of Malaysia (BVAM) and the Persatuan Perunding Hartanah Muslim Malaysia (PEHAM).

Oscar-winning actor Leonardo DiCaprio has recently purchased a Los Angeles home from Modern Family star Jesse Tyler Ferguson at a price of US$7.

KUALA LUMPUR (June 18): The recovery of the country’s real estate industry in the second half of this year may be dampened by issues in the construction sector, which is facing raw materials supply pressure.

KUALA LUMPUR (May 20): UOA Real Estate Investment Trust's (UOA REIT) net rental income for the first quarter ended March 31, 2021 (1QFY21) surged 60% to RM22.