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Market News

02 Oct 2014 NYC Commercial-Property Sales Top Transactions Last Year New York City commercial-property sales this year already have exceeded deals for all of 2013 and are on pace to break the record set at the real estate market’s peak, Massey Knakal Realty Services said. This year’s transactions have totaled $39.1 billion, compared with $38.4 billion for all of 2013, the New York-based brokerage said in a report today. It projected a citywide dollar volume of $63 billion for this year, higher than the $62.2 billion in 2007.
02 Oct 2014 Development of new hotels seen as boost to Kuala Lumpur EVERY year, almost a quarter of hotel guests in Malaysia stay in Kuala Lumpur, making it a desirable place to build a hotel. There is no lack of choices for places to stay in the city ranging from budget hostels all the way to international brands and upscale hotels including the Mandarin Oriental Kuala Lumpur, Grand Hyatt Kuala Lumpur, Hilton Kuala Lumpur and JW Marriott Kuala Lumpur, to name a few.
01 Oct 2014 Prices Of Singapore Private Homes, resale flats drop again in Q3 SINGAPORE - The flash estimate of the 3rd quarter 2014 Resale Price Index (RPI) for public housing is 192.5, falling 1.6 per cent over the previous quarter, the Housing and Development Board (HDB) said in a statement released today.
01 Oct 2014 China Eases Property Restrictions Amid Growth Concern Chinese policy makers eased property restrictions for the first time since the global financial crisis as a real-estate slump’s threat to economic growth overtakes worries about housing affordability.
30 Sep 2014 TRX land parcels all sold, mostly bought by foreigners PETALING JAYA: All parcels of land for Stage 1 of the 28.3ha mixed development at the RM18bil Tun Razak Exchange (TRX) have been sold to investors, with master developer 1Malaysia Development Bhd (1MDB) retaining about five parcels for itself, said sources. A source said that the majority of investors who took up the parcels of land were foreigners.
26 Sep 2014 Hong Kong Property Market Could Be In For Major Correction Hong Kong´s residential property market has risen relentlessly for four years, but a severe price correction now threatens. A combination of a surge in new supply, cooling measures, and an impending interest rate rise – dubbed the “perfect storm” by the country’s finance secretary – looms over the country’s property market.
26 Sep 2014 1MDB RE calls tenders for TRX infrastructure, roadway jobs PETALING JAYA: 1MDB Real Estate Sdn Bhd (1MDB RE) has opened tenders for the Tun Razak Exchange (TRX)'s infrastructure and roadway jobs
25 Sep 2014 Need for review of commercial projects to space out supply THE high number of ongoing commercial projects in the Klang Valley is causing some jitters in the market, leading property consultants to call for a review of project plans including the need to phase out projects to avoid a glut and high vacancy rate.
24 Sep 2014 Guidelines to transform KL’s position in world rankings Practical and innovative urban planning is vital to transform Kuala Lumpur into a city of international standards, said Kuala Lumpur mayor Datuk Seri Ahmad Phesal Talib. “Kuala Lumpur needs to fine-tune its role as a competitive commercial and financial hub,” he said during the launch of Urban Design Guidelines (UDG) at Kuala Lumpur Library Auditorium in Jalan Raja, Kuala Lumpur.
23 Sep 2014 Stricter property rules PETALING JAYA: Developers and property agents were thrown into a flux last week over a new set of guidelines on property purchases in Selangor by foreigners, permanent residents (PR) and foreign companies. Generally, the new guidelines restrict foreigners from buying all types of properties costing less than RM2mil in most of the districts in the state. Previously, the cap was set at RM1mil, as announced during last October’s budget.