Investment guru Datuk Gavin Tee expects 2016 to be “the worst year for Malaysian property” on the back of weaker economic growth, loss of pricing power and dimmer financing, reported The Malaysian Reserve. “2015 was bad, and 2016 will be worse,” said Tee at a briefing in Kuala Lumpur. “I’ve travelled all over the region, … Read more
The debt of the Federal Government has reached RM623.3 billion as of 30 September 2015, representing 53.7 percent of Malaysia’s Gross Domestic Product (GDP), according to Deputy Finance Minister Datuk Johari Abdul Ghani as reported in Bernama. “Of this amount, 96.4 percent or RM601.1 billion is domestic debt, with the balance of RM22.2 billion … Read more
The Forest City project in Johor is poised to be an iconic urban area in the world within 20 years, reported The Star. Notably, the project is expected to trigger significant changes in how development projects are carried out throughout the world, said Country Garden Holdings chairman Yeung Kwok Keung. He noted that the 1,740ha … Read more