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Brexit damps property demand
LONDON: London homebuilders are offering to pay sales taxes, gift £20,000 (US$26,800) of furniture and the chance to win a free parking space as Britain’s vote to leave the European Union damps demand.Brexit will damage the UK economy and residential property values in London could fall by more...
Link your projects, builders told
Booming development: Dr Wee (fourth from right) being briefed by Ekovest executive chairman Tan Sri Lim Kang Hoo (third from right) and managing director Datuk Seri Lim Keng Cheng (second from right) on the EkoCheras project. KUALA LUMPUR: Property developers have been urged to focus on...
Regulate short-term rentals, say homeshare hosts
HOMESHARING hosts are urging the state government and Penang Island City Council (MBPP) to regulate short-term rental operations.Homeshare operator Amir Farhan, 25, who has been renting out his apartment for the past seven months, said there was no proper regulation for short-term rental.“We are...
Get Vasthu Sastra tips on choosing ideal homes
The flow of energy is based on the shape of a structure. - T. SelvaPROPERTY hunters can now find feng shui-friendly condominium and apartment units based on Vasthu Sastra as several developers are incorporating it into their projects.Sunday Star columnist T. Selva said his research showed that...
CIMB Research upgrades Mah Sing to Add, Eco World top pick
KUALA LUMPUR: CIMB Equities Research has upgraded Mah Sing to Add and retained Eco World as its top pick among the property developers.In its research note on Tuesday, it advised investors to stick to developers with strong execution or sizeable exposure to mass market and township projects,...
Sustainable agenda
Healthcare operators urged to go green.By ANGIE NGAS the saying goes: Health is Wealth and awareness about the importance of good health is gaining traction.The healthcare sector is growing more robust with more operators entering the fray with more healthcare facilities and hospitals sprouting up...
Elite homes come fully furnished with mod cons already installed
The nicely furnished living room of a Mira Residence condo. BUYERS moving into Mira Residence, twin high-rise towers of 322 elite homes in Tanjung Bunga, Penang, can immediately start to enjoy their new relaxing lifestyle.The developer will ensure that the units are fully furnished and move-in...
Surge in interest in REITs following Bank Negara interest rate cut
BY NADYA NGUIExcluding Pavilion REIT and Axis REIT, which will continue to be driven by asset acquisitions in the niche industrial segment for the latter and asset injections from its sponsor for the former, CIMB said the pipeline for retail REITS remains dry for the second half of the year....
New Grade A office rentals trending down
Tenants’ market: The concerns surrounding the oversupply of office space started a few years ago but the general perception was that the Klang Valley would be able to absorb the supply of Grade A offices. This perception was dismissed after the drop in oil prices in 2014. PETALING JAYA: Rentals...
London home values may fall more than 30% on Brexit, SocGen says
LONDON: London's seven-year housing boom may be about to end after the U.K. voted to leave the European Union.“While in recent stress tests, the major U.K. banks were assessed with declines of around 30 percent in commercial real estate prices, we fear that London residential could experience an...