Property News & Market Trends

News in a nutshell

Can Malaysia catch the booming property market?
Recent moves by the Malaysian PM cuts red tape by a whopping 80% in time processing. But will it work? Is it too late to cut the queue?

"Shortening the timeframe will have a positive impact on the construction industry, investors and business people, who have long waited for less bureaucracy and the lowering of hidden costs in Malaysia," said Mr Abdullah. "Today’s initiatives will also contribute to improving the performance of the property and construction sectors," he added

Well, let's watch that market,should we?

Enbloc can turn ugly
It's just the inevitable. In any enbloc sales, there will be those who are esctatic while some very minority grim. As much as the government will do to make it fair, it's almost impossible for all to be appease.

Like we mentioned some time ago, to avoid such misery, catch the history before buying in anticipation of an enbloc in the coming years.

I can understand the elderlies who felt they were being chase out of their homes. Money is the least motivation you can dish out to them. It simply don't work.

Enbloc sellers should be more sensitive to these elderlies' needs. Don't insult themwith figures, they may be old but they can still count. It's their emotional needs that should be met. Just listen.

IMF says Asia-Pacific property prices rally is ok
I don't get it. How can these fellas compute the price jump as in line with expectation, is a mystery? By reading statistics? How do these figures say it's a good climb, or no, that's a bubble or the on the edge of demise?

Can an office rental spiking 10% in 1 month in line with IMF's expectation? How about the unstoppable Shanghai office markets? Then look at Indonesia, is their "growth" ok? Why should Malaysia cut red tapes just to boost up its lethargic growth? Anyway, they are the IMF, so let's all take heed. Prices are ok. Let's continue buying.

Sales at the 327-unit The Seafront @ Meyer
Capitaland sold 120 of the first 184 units it put up for sale. That's 65% sold. Not bad for such number of units open. Looks like demand is still strong along east coast.

But at $1400psf to $1800psf, it's likely to be attracting only the higher end eastern buyers who may have profitted from their enbloc sales. Within a week, all the other units are open. The queue before the Friday opening was formidable. Let's watch how the sales go this weekend.

It's time for genuine home buyers to shop. These shoppers don't have deep pockets, are more rationalised and controlled by bank loans. It's time to think before you buy.

More ...

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