News by M

This year will see all eyes — including property developers’ — on affordable housing priced between RM400,000 and RM500,000, said property consultancy firm CBRE | WTW.

Due to an oversupply, high-end strata properties particularly Small-office Home-office (SoHo) and Small-office Virtual-office (SoVo) units could see prices falling by at least 10% this year, according to property consultancy CBRE | WTW.

TA Securities Research has maintained its “Underweight” rating on the property sector, as “weak market sentiment, increasing supply and tight lending environment are expected to weigh on property sales”.

The research house said with the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term.

The research house said that indicators wise, the MACD was below the 9-day moving average line with the sell signal remains intact.

Its quarterly revenue dropped 52.3% to RM73.95 million in 3QFY2017 from RM154.98 million a year ago.

Malaysia Building Society Bhd’s share price may consolidate after a strong price action.

This year will see acquisitions and mergers for some developers in Malaysia. This is based on observations I have made on the housing industry in three Asean markets in the past 12 months.

By 2030, Asia’s burgeoning smart home market will grow to US$115 billion (RM513 billion), accounting for 30% of the global share, according to global management consulting firm A T Kearney.

Despite a slow property market, the sector continues to attract investment from China. China Communications Construction Company Ltd (CCCC) — the largest port construction and dredging company in China — will soon follow its peers, such as China Railway Engineering Corp, in venturing into property development in Malaysia.