News about US

KUALA LUMPUR (Oct 21): An Asian subsidiary of Goldman Sachs will plead guilty to charges in the US to resolve a foreign corruption and bribery case over the looting of billions of dollars from a Malaysian sovereign wealth fund, The New York Times (NYT) reported, citing a person familiar with the agreement.

MELBOURNE (Oct 20): Australia-based property developer Crown Group is gearing up for its first Melbourne residential development launch next month despite the overall slow market owing to the Covid-19 pandemic.

SINGAPORE (Oct 20): British inventor of the bagless vacuum cleaner James Dyson and his wife are letting go of their three-storey penthouse for S$62 million (US$189 million), for a price cut of close to 16%, Reuters reported.

政府宣布，在拥屋计划（HOC）期间，购买第三间及接下来价值RM60万以上的房屋，贷款融资不再限制于屋价的70%。这项消息对正考虑购买第三套房产的人，例如特许会计师Callie来说，无疑是一项好消息。 Callie在今年年初本来就打算购买第三套房产，但由于银行为她提供的贷款额仅为房价的70%，所以选择暂时搁置她的购买计划。 Callie的第一处物业是位于吉隆坡Taman Ehsan屋龄20年的单层排屋。八年前，她在母亲的资助下，以RM360,000买下人生中第一套房子。 她的第二处物业是位于Kepong的全新公寓单位，售价为RM420,000。在去年年底领取钥匙后就用来出租了。 至于刚刚购买的第三处物业，是位于Bandar Sri Damansara的低楼层二手公寓单位，价格为RM280,000。在政府的房屋振兴计划下，她成功获得占房价90%的贷款额，顺利买下该单位。 她告诉EdgeProp.

KUALA LUMPUR (Oct 16): Taiwan Stock Exchange-listed Wistron Corp, a global leader in state-of-the-art design, manufacturing, services and systems for information and communications products, is expected to ink a deal soon with Western Digital (Malaysia) Sdn Bhd to purchase the latter’s factory located in Sungei Way Free Trade Industrial Zone, Petaling Jaya.

While the Covid-19 pandemic has put a stop to almost all economic activities globally, except for certain industries are booming such as glove manufacturing, the industry property segment appears to be a silver-lining for the property market in Malaysia.

KUALA LUMPUR (Oct 15): The Utama cluster - where the index case is a 28-year-old Nepali security guard working at a shopping mall in Petaling district – now has a total of 132 cases.

Huh, yet another property award!?  When I told some developer and property-industry friends that EdgeProp Malaysia's Best Managed and Sustainable Property Awards 2021 is now open for submissions, a few rolled their eyes momentarily.

KUALA LUMPUR (Oct 14): The Ministry of Health (MoH) has detected a new Covid-19 cluster with 17 infections.

KUALA LUMPUR (Oct 14): The Ministry of Health (MoH) announced 660 new COVID-19 cases today, bringing the number of active cases to a new high of 5,768.