[ RENTS for large luxury homes in Singapore jumped in the first quarter of of 2024 (1Q24), in contrast to an overall slump in the wider market, as demand from high-net-worth foreigners met with limited supply, say real estate agents. Analysis by Huttons Asia showed that one market segment in particular – private non-landed residential … Read more
[ THE office market went through a significant change after Covid-19 struck in 2019, leading to the popularity and growth of flexible offices, or famously known as co-working spaces. Its growth was further supported by its cost-effectiveness as well as popularity among startups and multinational corporations or MNCs opting to diversify into Malaysia. Read original … Read more
[ MORE developers are turning optimistic on the industrial-property sector, with major players eyeing more land and new firms looking to the segment for revenue diversification. Axis Real Estate Investment Trust (Axis-REIT), a major player in the industrial-property space, announced last month that it would be acquiring an industrial complex and an open storage yard … Read more
[ THE United States commercial real estate sector still paints a gloomy picture, as it is finding it hard to shake off the troubles the Covid-19 pandemic left in its wake nearly four years ago. Many office properties in the United States are facing an uncertain future, with some reports going as far as to … Read more
[ Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in and we’ll get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to a reader below. If you have a question for our experts, email us at [email protected]. Question: My 2-year … Read more
[ Britain’s biggest mortgage lender Halifax has become the latest brand to reveal it will increase mortgage rates this week, following a slew of other hikes earlier this week. Halifax emailed brokers today to say that from Friday, it will be increasing mortgage rates on numerous deals by up to 0.2 percentage points. It is … Read more
[ THERE is a pressing need for the central government to provide funding support for the resolution of real estate developer debt risk as it remains the biggest soft spot in China’s economy, experts at a top think tank said on Monday. Zhang Bin, a senior researcher at the China Finance 40 Forum think tank, … Read more
[ PETALING JAYA: Ornapaper Bhd is proposing to diversify its existing businesses to include property development and property investment. In a filing with Bursa Malaysia, the company said it is currently involved in the manufacturing of corrugated boards and carton boxes (paper packaging), paper-based stationery products as well as the provision of logistics services in … Read more
[ KUALA LUMPUR: Oriental Interest Bhd (OIB) is poised for growth with unbilled property sales of about RM584.4mil from its existing projects as at Feb 29. “Given the on-hand bookings and sales momentum, the group is optimistic in delivering another set of positive results for the financial year ending Aug 31, 2024 (FY24),” the developer … Read more
[ SALES of previously-owned homes in the United States fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices. Contract closings decreased 4.3% from a month earlier to a 4.19 million annualised rate, according to National Association of Realtors (NAR) data. Read original article here Denial of … Read more
