News about US

KUALA LUMPUR (Sept 13): The recent positive US housing data is good news for exports-oriented furniture manufacturer Poh Huat Resources Holdings Bhd, which derives at least 60% of its sales from the US market.

KUALA LUMPUR (Sept 13): Property developers have hit back at the Selangor government for amending policies and imposing surcharges that would increase their costs of business, an issue that becomes all the more critical when the current soft market forces them to compete for the segment that demands affordable homes.

KUALA LUMPUR (Sept 13): Analysts expect no significant impact on the local property market, following the government’s move to allow eligible property developers to obtain a licence under the Moneylenders Act and Pawnbrokers Act to provide up to 100% financing for homebuyers.

MUTIARA Damansara translates to The Pearl of Damansara and this township in the north of Petaling Jaya, Selangor is certainly shining like a gem for those who initially bought properties there.

SINGAPORE (Sept 9): Maybank Kim Eng has upgraded two Singapore office REITs, CapitaLand Commercial Trust (CCT) and Keppel REIT, to “buy” from “hold”, even as office rents are expected to continue to slide in the near term.

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PETALING JAYA (Sept 9): The government should work with property developers to ensure easy accessibility to public transport and infrastructure.

KUALA LUMPUR (Sept 9): Representatives from various media organisations in Hong Kong, Singapore and Indonesia were given an overview of the Malaysian property market by TheEdgeProperty.

PETALING JAYA (Sept 8): The Urban Wellbeing, Housing and Local Government Ministry will be issuing money lending licences to eligible property developers to provide financing for homebuyers.

KUALA LUMPUR (Sept 5): Amid slowing demand and deteriorating profits, it seems now is a good time for housing developers — who are accused of being only interested in higher-end properties — to switch their focus to affordable housing, demand for which far outstrips supply.