Slowdown in property demand to persist until 2017

Maybank Investment Bank Research expects the slowdown in property demand to persist for another 12 months until 2017, reported The Star. “While some projects have shown some signs of sales stabilisation, there are no signs of a broad-based pick-up just yet. We expect overall property sales to stay weak amid the slowing economic momentum,” it … Read more

Forest City set to become an iconic urban area

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

Real estate sector investments dip by RM36.9 billion

For the first nine months of 2015, Malaysia attracted RM153.2 billion worth of investments in the manufacturing, services and primary sectors, reported New Straits Times Online. The figure, which came in lower compared to the RM180 billion posted over the same period last year, was primarily due to a significant decline in the approvals for … Read more