January 23, 2018 The Penang property market is expected to diverge further in 2018, according to real estate consultancy PPC International Sdn Bhd. In its session on the northern region’s market performance and outlook at the 11th Malaysian Property Summit today, the consultancy said the residential property segment will be more “complicated” this year. The […]
January 23, 2018 Although salary growth has kept pace with growth in property prices, basic salaries are still low compared with average property prices. The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Foo Gee Jen said the national average growth rate of salaries is […]
January 23, 2018 Savills (Malaysia) Sdn Bhd deputy executive chairman Allan Soo expects the retail market to remain challenging in the short to mid term, mainly due to disruption of e-commerce industry. “The outlook for the short term is challenging. We will be seeing flat growth in fast fashion and grocery. But cosmetics and F&B will […]
January 23, 2018 The office occupancy rate and average rental in Kuala Lumpur city centre, Kuala Lumpur fringe and Selangor are expected to continue their down trend in 2018, said Knight Frank Malaysia Sdn Bhd managing director Sarkunan Subramaniam. “We have gone into the net absorption period of all grades [of] purpose-built office in […]
January 23, 2018 The Malaysian property market’s performance in 2018 is expected to be similar to its performance in 2017 in terms of transactions, said Valuation and Property Services Department (JPPH) director-general Nordin Daharom at the 11th Malaysian Property Summit today. Given the positive growth in the country’s GDP and improving market sentiment, Nordin believes […]
January 23, 2018 Perhaps it is high time for a paradigm shift where the absence of homeownership does not imply welfare deprivation, said managing director of CBRE|WTW Malaysia Foo Gee Jen. “We have first-time homebuyers who are finding difficulty in forking out the down payment or upfront cost to purchase their first home. Perhaps, the […]
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