In recent weeks, a series of telling full-page advertisements have appeared in the local papers on the sale of luxurious condominiums. The location: Mont’ Kiara and KLCC. Is somebody unloading?
The question begging to be asked is this: How resilient is Malaysia’s property sector in the current financial meltdown?
There seems to be two broad versions right [...]
DUBAI: Dubai-based developer Meraas said it will review a recently launched US billion (US = RM3.64) property project, as more developers reassess and scale back work due to the global financial crisis.
The government-owned developer said it was reviewing the phasing and rollout of its Jumeirah Gardens project which was launched at a Dubai property exhibition [...]
Malaysia’S property market is expected to be resilient next year due to lower borrowing costs and as demand from foreign buyers remain strong, an industry executive said.
“It will be harder to do deals next year but there won’t be a slump. People are still looking for homes to stay and invest in,” said Previndran Singhe, [...]
Affordable housing in India is not sub-prime
Thanks to a variety of witty presentations explaining financial woes
afflicting the US via e-mails, everyone today is an “expert” on
sub-prime;everyone is risk-averse and everyone who is not affluent is
seen as “high risk” and deemed by most as “sub-prime.”
But, there are fundamental differences, both in the economic
situation and the customer [...]
DUBAI: Dubai property giant Nakheel - behind such grandiose projects as a one-kilometre tower and artificial palm-shaped islands - said yesterday it has fired 500 staff because of the global financial crisis.
The government-controlled developer, one of the biggest employers in the booming Gulf emirate, also said it would be scaling back work on some of [...]