Sunday, July 3, 2022

real estate

Abandoned luxury units show pandemic’s impact in Malaysia’s Silicon Valley

The devastation brought by the Covid-19 pandemic is plain to see in Cyberjaya's real estate market.

No business activity, no sales at new housing projects

While prospective buyers used to focus on price, now they are also interested in the economic activity in the area in question.

Thai farmers fear loss of land to mega industrial zone

Chachoengsao is one of three provinces covered by the Eastern Economic Corridor project that includes a high-speed railway line, an airport and upgrades to two deep-sea ports in an area of about 1.3 million hectares.

Evergrande looks to restructure, sets up risk committee

The Chinese government, which sparked the crisis when it launched a drive last year to curb excessive debt among Evergrande and other real estate firms, is poised to take a leading role in the restructure, analysts say.

Chinese developer misses major bond repayment of US$179 million

Hong Kong-listed Sunshine 100 China Holdings has repeatedly struggled to meet its debt obligations this year and also defaulted on a bond repayment in August.

Chinese govt summons Evergrande founder after warning on funds

The group had said it might not have sufficient funds to continue meeting its financial obligations.

Work from home sees migration in property purchase trends

House buyers are no longer as concerned about finding property located near city centres.

China property shares slide as Evergrande crisis reverberates

Evergrande, which has more than US$300 billion in liabilities and 1,300 real estate projects in over 280 cities, missed a third round of interest payments on its international bonds this week.

Interest in sub-sale homes bounces back in 4 states

Interest is spiking in terrace houses due to the shift to remote working an and interest in larger homes.

The need for a national housing policy

Rental and social housing should be prioritised to prevent large property overhangs.

Measures needed to encourage young homebuyers, govt told ahead of budget

iProperty says tax relief measures, a reduction in stamp duty and rental initiatives will help first-time homebuyers and rejuvenate the local property market.

Buy smart, the millennial’s guide to the housing market

Phones are no longer the only smart products being sought by millennials.

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