Pessimism lingers among Malaysian developers
CAN THE UPCOMING BUDGET 2018 PROVIDE IMPETUS TO LIFT SPIRITS? Remember how market players were more optimistic about 2017 back in 2016? Well, things evidently haven’t panned out as planned and this has soured the overall mood considerably. If ever there was a sign that developers remain jittery about the... Read more
New import steel tax protects local players, says minister
The introduction of safeguard duties on imported steel concrete reinforcing bar (rebar), steel wire rods and deformed bar in coils will not negatively impact local builders, says Second Finance Minister Datuk Seri Johari Abdul Ghani. “We have steel mills in the country, so if we allow these goods [to... Read more
Icon City to be a Cyber-centre
Mah Sing Group Bhd’s RM3.2 billion Icon City project along the Federal Highway is boosting its already high profile with the additional lure of being a Cyber-centre. The group recently announced that it has officially obtained the Multimedia Super Corridor (MSC) Malaysia Cyber-centre status the Icon City development in... Read more
Upbeat market a boost for Tokyo office demand
Grade A offices in Japan’s capital city could see rents peak in 2017 on the back of improved sentiments in the financial market, says global real estate consultant CBRE. According to the firm, rents for offices in prime districts are expected to peak by the third quarter of the... Read more
Buying Property Overseas: Do-It-Yourself or Find An Agent?
Many Malaysians are tempted to invest in properties abroad due to the higher yield they can earn from an overseas investment. For instance, Singapore, United Kingdom, Vietnam and Australia are just some of the popular destinations for Malaysian investors today. So, when buying a property overseas do you consider... Read more
Bosnia to expel foreigners who violate property investment rules
Here’s an example of a country that takes its property market (very) seriously. Once a war-torn nation with little to offer by way of real estate, Bosnia is now a hot destination for Arab investors who, in the past few years, have built residential complexes and tourist resorts to capitalise... Read more
Prime central London market flat, the City hot
Only properties that are priced realistically in the prime central London market are selling as tax change has impacted the sector, according to the latest analysis report from agents Strutt & Parker published on news service site PropertyWire. However, the report said the sector is still attractive to overseas... Read more
Empty homes taxed in Vancouver
Canada is starting to get aggressive about foreign property purchases, especially in some of its major cities. Just a few months after the city of Vancouver in British Columbia decided to impose an additional property transfer tax on overseas property buyers – no less than 15 per cent of... Read more
Applying for a loan if you are self employed
A self-employed person, be it a freelancer, a consultant or artist, faces challenges in obtaining a home loan due to the fluctuating nature of their income sources. This article highlights some useful tips, which a self employed person can implement to successfully secure a bank loans. While you may... Read more
Portugal to impose view, sunlight tax
From time to time, governments the world over come up with ingenious ways to generate more income via property related taxes, but authorities in Portugal may have taken it a step too far. News portal Global Property Guide reports that the country plans to adjust council taxes on residential... Read more