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Wednesday, October 16, 2019

Tag: property market

Singapore rich kids end up with penthouses as parents skirt tax

Singaporean families seek to work around cooling measures, including raised stamp duties on second and third homes, by buying properties for their children.

China will boost economy but won’t use property market for stimulus

Economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure.

Malay interest group okay with releasing Bumi lots for a price

It urges state governments to follow the Johor model, which imposes a fee on developers to open up Bumiputera-status lots.

US super rich are descending on London’s luxury housing market

American buyers are second only to those from China on the list of biggest overseas purchasers of real estate in London's prime postcodes.

Slight uptick in property sales but no reprieve for the overcommitted,...

Chartered surveyor Ernest Cheong says stock market woes are compounding the problems of those who bought multiple properties and can't rent them out or sell them.

1Q data shows Singaporeans bought more homes than foreigners

For the first time in a decade, about 79% of private apartments on the market were bought by Singaporeans.

Valuers board expects no further dip in property market this year

BOVAEP adds that Malaysia is not the only country facing an economic slowdown.

Australia’s property slump drives biggest wealth drop in 7 years

The decline was driven by land and property values, and financial assets as pension funds were hit by stock market losses.

CapitaLand REIT said to pursue US$1.1 billion duo office tower

The project’s owner is separately seeking a buyer for the hotel portion of the development in a deal that could fetch as much as S$500 million.

Property market expected to recover in second half of the year

The Malaysian Institute of Estate Agents suggests, however, that the government put more emphasis on the secondary or sub-sale segment of the market.

As property prices rise, more Indian women claim inheritance

Property prices in the three Haryana cities that are closest to Delhi have risen by more than half in the past decade.

Understanding the lender, the borrower and the market

Government ministers must understand the market and think before giving their thoughts because whatever they say is construed as a potential policy.

Sabah developers to build more houses despite glut

The property market is set to improve, says a real estate group.

Effects of govt stimulus will kick in to boost property market...

Rahim & Co says mixed results in the property market show it is adjusting to the current economic and political climate.

Brickbats and roses for early release of Bumiputera units in Perak

An NGO says the move will make it harder for Bumiputeras to own homes while a consumer group says it could result in lower prices.

China house price gains no longer a certainty, says c.bank adviser

This round of control measures on the real estate sector is unprecedented and the expectation that home prices will forever go up is now coming to a critical point.

Economist warns of harmful effect of new and raised taxes

Carmelo Ferlito says the government, in addressing revenue shortfalls, should instead consider reducing expenditure.

Penang’s property market finally cooling?

Jagdeep Singh Deo says the state government has implemented various cooling measures since 2014 to tackle the rise in property prices.

Malaysia a top destination for China property buyers, says expert

The chairman of a China-based website for buyers wishing to tap into overseas property markets says Malaysia is very attractive to foreign investors, including from China, because returns on properties are good.

Hong Kong stocks fall after rate hikes

News that the city's three biggest banks had lifted lending rates for the first time in 12 years saw Hong Kong shares ending lower on Thursday.

Hong Kong banks hike lending rates for first time in 12...

The moves by HSBC, Standard Chartered and Hang Seng Bank came after the Hong Kong Monetary Authority lifted its borrowing costs following an increase by the US Federal Reserve.

Singapore home prices won’t pop without migrants

Singapore’s fertility rate, one of the world’s lowest, makes property demand highly dependent on immigration.

Property bubble about to burst, warns think tank

IDEAS says the government should allow the bubble to burst but be prepared to carry out remedial work to ensure the economy is not badly affected.

No GST doesn’t mean cheaper houses soon

House Buyers Association says developers are unlikely to lower their profit margins on properties already built or under construction.