Category: Property news beyond Malaysia
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Next crisis is looming – PM of 6th largest economy in the world
What if the Prime Minister of the 6th largest economy in the world tells the world that the next crisis will be coming soon? Yes, we are talking about United Kingdom’s Prime Minister, David Cameron. Would you believe it? He said the eurozone is possibly going into its third recession because of high unemployment, falling…
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65% probability – recession by end 2015
65% of probability for a recession by end 2015. Yes, you can read this on many news site online. This is the latest prediction by a company which was famous for its accurate predictions of the 1929 crash as well as the recent mortgage crisis beginning in 2007. The Jerome Levy Forecasting Center said that…
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Median income: 57,400 Median property price: 680,000 No Bubble Yet.
When property prices continues to rise without any relevance to the economic growth, salary growth or whatever growth, you should be worried. Property bubble is building. Once property becomes unaffordable to everyone and no one could buy anything and suddenly the sellers realised it and starts to offload their properties into the market with each…
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Still buying property? There are lots of bad news, actually.
These days, when people talk about property, they point to the lower transaction numbers. They point to the potential oversupply in Iskandar. They talk about the units without lights at night which meant that potentially prices will fall. Everything seemed to happen domestically. Have we forgotten about the world? How about the war in Middle…
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China Property Market Boost – All the measures
Developers in Malaysia are asking for some breathing space. Cooling measures have affected their sales quite a lot. On the other hand, is it really that bad? Well, in China it has gotten so bad that the Chinese government has had to relax some of the cooling measures that were put in place. In other…
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China’s Property Market Rescue Package Deployed
I read from a Reuter’s report on China’s property market today. Why do you think some of the biggest developers in China are venturing into Malaysia? There is a huge oversupply condition in China’s property market today. Empty units and these days, some developers who just could not find buyers had to stop building and…
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334sf for RM5 Million. Pretty expensive? It’s a ‘modernised’ historical unit.
334sq ft home for RM5 million in London. Read this piece of interesting property news in Propertyguru. The price is said to be the highest ever for such a unit. The unit is a 100-year lease studio flat at 42 Upper Brook Street. A long history was mentioned for the units which was designed way…
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Property Bubble? What Bubble. There’s no bubble.
Today, if you were to google ‘property bubble’ there are lots of articles about the Australian property market, on the arguments about whether or not a property bubble is building, about to burst or still manageable. Australia is considered a developed nation and its property market is a very developed one, both in legislations, implementations…
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53% of Gen-Y owns a property……. in Australia.
Realestate.com.au is a major property site in Australia. I think, by far the biggest. In an article by Emma Sorensen in relation to their annual Housing Affordability Sentiment Index (HASI) survey for 2014, it shows that Generation Y (born between 1981 and 1994) is buying property earlier than other generations. Out of those Gen-Yers who…
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9 Months, Financial Crisis may happen – Arturo Bris of IMD
IMF said there’s a possibility of property bubble in Malaysia. There are truths there, especially the overpriced condos still empty after 1 year of key handover. However, everyone sits up straight when someone prominent enough tells you an exact date when the financial crisis may happen, again. For those who are overstretched by choice today,…
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Only RM12,627 per sq ft, expected to finish within one day
Looking at the price, looking at the currency, looking at my pocket and counting all my money, I concluded decisively that I am way too far from being able to afford such a property today or even tomorrow. Yet, I am ok. At least I know of one friend who has bought a unit in…