In Depth

PHB looking at new asset class?

 PHB’s list of investments now stands at 22 — from around 13 in 2014 — of which 18 developments have been completed.

Making housing more accessible

Tan Sri Datuk Sri Leong Hoy Kum expects the local property market to hit a turning point soon and anticipates demand to pick up in the second half. “Various indicators point towards a turning point. Residential property transactions have bottomed out as there was a milder contraction in Q42015 compared with the third quarter and second quarter of last year,” says Leong, the managing director of Mah Sing Group Bhd.

EcoWorld fundraising again

EWI’s property projects in London and Sydney had already collectively secured cumulative sales of £712.5 million as at Jan 31, 2016.

Malaysia’s 2015 property market records decline in transaction value, volume

In 2015, new launches (in unit) dropped 19% as developers delayed their launches after a fall in take-up rate from 45% to 41%. Despite the rise in number and value of unsold units (which increased 16% and 56% respectively), it still remains manageable as the total of unsold units only represents about 1.6% of existing housing stock.