Malaysia launches Syariah-compliant Reit
Pelaburan Hartanah Bumiputra (PHB), a government-owned company in Malaysia, has launched a S$418 billion (US$317 billion) investment trust to lure more Muslim Malays to invest in the Malaysian property market.The Syariah-compliant Reit would allow Muslim Malays to increase their stake in real...
Continue Reading • 30 Nov 2010
Malaysian property sector to benefit from ETP
While the proposed Economic Transformation Programme (ETP) is not an announcement of the government managing contracts it would support, analysts have stressed that it will mainly benefit the property and construction sectors.Under the ETP, the private sector will be required to come up with the...
Continue Reading • 30 Nov 2010
Malaysia's Alam d'16 set to launch
Malaysian property developer Magna Prima Bhd is expecting to launch a series of property developments until next year, including the upcoming Alam d'16, a low-density residential project in Shah Alam.The company said the launch of Alam d'16 will boost its share in the residential property market...
Continue Reading • 30 Nov 2010
HK property measures taking effect
The latest measures implemented by the Hong Kong government to control property price speculation have achieved some success, said chief executive Donald Tsang.“The preliminary response from the market shows that the measures have exerted a certain level of impact,” said Mr Tsang....
Continue Reading • 29 Nov 2010
China property prices to drop by 20%
Property prices in China will likely drop by as much as 20 percent next year, as cooling measures start to take effect, according to a report from China’s Renmin University.The report said a major period of readjustment will happen in March or April 2011, as the government’s measures...
Continue Reading • 29 Nov 2010
HK property tycoons yielding to Beijing
The latest measures implemented by the Hong Kong government to curb property prices may suggest that developers are ceding control over to Beijing, said Todd Martin, Asian strategist at Societe Generale.“The really important thing about these new property restrictions is their symbolic...
Continue Reading • 26 Nov 2010
HK residential property prices likely to fall 10%
Hong Kong residential property prices will likely fall up to 10 percent in the coming months, said a senior executive from property developer Wheelock and Co Ltd, days after the government’s announcement of its toughest market-cooling measures this year.Housing prices in the city have...
Continue Reading • 26 Nov 2010
China to conduct nationwide property checks
A nationwide property inspection will be conducted in China as part of the government’s implementation of property measures, according to The China Daily.The “large-scale” property checks will focus on local government’s efforts to ensure affordable housing, guarantee...
Continue Reading • 25 Nov 2010
HK developers criticise govt on new property measures
Several property developers in Hong Kong have criticised the government’s measures to cool the red-hot property prices, saying that the new measures were likely to scare off ordinary buyers rather than wealthy speculators.Henry Cheng, managing director of New World Development, described...
Continue Reading • 25 Nov 2010
China's luxury home prices to surpass HK
Luxury home prices in Beijing and Shanghai may climb 15 percent every year to surpass Hong Kong in the next 5 to 10 years, said Joe Zhang, deputy head of China investment banking at UBS AG.Tightening measures of China will not stop prices from escalating and may only “delay” the...
Continue Reading • 23 Nov 2010
HK implements another wave of property measures
Hong Kong has implemented additional taxes and increased down payments on residential properties, curbing property price increases following the International Monetary Fund’s warning that asset inflation may derail the city’s economy.Financial Secretary John Tsang said homes sold...
Continue Reading • 22 Nov 2010
Sydney properties a hit with Asian investors
Foreign investors, particularly from Asia, are purchasing an unprecedented amount of land in Sydney including premium homes and office buildings, according to a report by the Daily Telegraph.Demand in the Eastern Suburbs, North Shore and CBD areas is driven largely by new money from Asia,...
Continue Reading • 18 Nov 2010
China unlikely to introduce more property measures
China is unlikely to announce more property-specific measures as the central government shifts its policy focus to inflation control, said Citigroup Inc in a report.Analysts said policy headwinds should ease slightly in the next half year since the government may need to consider the effect on...
Continue Reading • 18 Nov 2010
China intensifies restrictions on foreign home buyers
The central government of China has ordered first-time foreign home buyers to present proof that they do not own other properties within the country, in a move to curb gains in the property market, said the housing ministry and currency regulator.The State Administration of Foreign Exchange and...
Continue Reading • 16 Nov 2010
Sales of used homes in HK fall
Sales of used homes in several of Hong Kong’s largest private housing estates dropped for a fourth week, as Cheung Kong Ltd launched its newest project, diverting home buyers away from the secondary market.Centaline Property Agency Ltd, HK’s largest privately held property broker,...
Continue Reading • 16 Nov 2010
HK to act against property speculation
Hong Kong Chief Executive Donald Tsang has announced that the city-state will take administrative and legislative action against speculative activity within the housing market.Asian markets are drawing “huge amounts” of liability, which increases inflationary pressure on their asset...
Continue Reading • 15 Nov 2010
China to restrict foreign property investment
China plans to restrict foreigners from investing in the country’s already speculative property market, according to a report from the Securities Times.The Ministry of Housing and Urban-Rural Development and the State Administration of Foreign Exchange have issued a notice to outline the...
Continue Reading • 12 Nov 2010
HK's luxury home sales set new record
Sales of luxury homes in Hong Kong have achieved new highs despite the government’s efforts to control rising prices.Luxury home sales, or those worth over HK$20 million, have broken records both in transaction value and number, defying property cooling measures, which include a crackdown...
Continue Reading • 11 Nov 2010
China's residential prices not likely to decline
Despite the recent set of tightening measures introduced by the central government, residential prices in Shenzhen, Shanghai, Guangzhou and Beijing are not expected to see more than 20 percent decline in 2011, said Knight Frank in a recent report.The outlook for the China property market depends...
Continue Reading • 9 Nov 2010
HK plot fetches low price
The Hong Kong government sold a land parcel yesterday at a surprisingly low price, as property developers were less keen on the site because of its location and uncertainties over whether more tightening policies will be announced by the government.It is the first auction following Hong Kong...
Continue Reading • 4 Nov 2010