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Singapore raised taxes on private property purchases in a surprise move late on Wednesday night that includes a doubling of stamp duties for foreigners to an eye-watering 60%. Authorities in Singapore, where real estate is a safe haven investment for wealthy foreigners, keep close tabs on property prices to ensure housing remains affordable for locals and stays in step with economic ...

KUALA LUMPUR, April 8 — The Malaysian Real Estate Association (Pertama) has reportedly said that property prices are expected to increase by 25 per cent — especially for homes valued RM500,000 and above — as the economy continues its recovery. Its president, Ismail Omar, told Utusan Malaysia that developers and owners are still forced to sell at a lower price now, and ...

BEIJING, March 5 (Reuters) - Warning that risks remain in the property market, China's government said in a report released at parliament's annual opening on Sunday that it would promote the sector's stable development and prevent disorderly expansion by developers. Premier Li Keqiang made guarding against risks to top property developers one of the government's priorities this ...

THE latest reports from real estate experts show that the market is set to experience a surge in prices this year due to the continued increase in the cost of construction materials.  The trend is expected to persist for the next 12 months, which will have a significant impact on the housing market. The Real Estate and Housing Developers’ Association Malaysia (Rehda) said today ...

THE improvement of overall residential overhang units in the third quarter of 2022 (3Q22) indicates optimism on the property market for 2023.  National Property Information Centre (Napic) data indicates that the number was down to 29,534 units — valued at RM19.95 billion — from 34,092, with more units being absorbed gradually.  “The market activity looks ...

PETALING JAYA: The government has been urged to reintroduce several initiatives to give the property market a much-needed boost. Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Subramaniam Arumugam said that for a start, the home ownership campaign for the primary and secondary markets should be ...

Malaysia’s property market sector will continue to recover although at a slower pace with Asia Pacific facing significant headwinds and an overcast global economy in 2023, said global property consultancy Knight Frank Malaysia. Group managing director Keith Ooi said introducing green incentives should be the key initiative to drive the sector forward. “We hope the government will ...

There is already an uptick in asking prices for residential property in Malaysia, a sign that demand has returned to the market. This has been attributed to the better financial position among Malaysians that has enabled buyers to keep up with mortgage payments and sellers to raise prices. PropertyGuru, an online property portal that covers Asia, noted that Malaysia and Vietnam, where the ...

Senior Associate Director for Laurelcap Group Christopher Chan sees a steady property market outlook for 2023 despite some headwinds facing Malaysia. “Based on the 3rd Quarter 2022 statistics from the National Property Information Centre (NAPIC), there was a total of 105,204 transactions which has a value of RM 46.63 billion. There was a marked increase of 12.6% from the 2nd Quarter of ...

THE Covid-19 pandemic not only provokes challenges along with the economic downturn, but also brings opportunities and changes to the country’s housing market. A “reset” is significantly observed in both the supply and demand sides of the market after the disruptive impact of the pandemic, and is likely to bring changes to structural issues – oversupply, overhang, ...