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Kuching Green Heights Double Storey Semi-D For Rent
Property Information Descriptions Location : Green Heights, Kuching Town Type : Double Storey Semi-Detached Land Size : 11.0++ points (more or less) Bedroom : 4 Bathroom : 3 Capable of Parking : 4 Car++ (more or less) Others: Partially Furnished, Water Heater, Sofa Set, Aircond, Grilles to all doors and windows. Rental Price : RM2,500 (Negotiable) […]
Puchong Bandar Kinrara 5 Corner Shophouse For Rent
Property Information Descriptions Property Name : Puchong Bandar Kinrara 5, 1st Floor Corner Shophouse Property Type : Shophouse Location : Puchong Kinrara 5 Land Title & Type : Commercial Land Size : Built-Up : 2,000sf Tenure : Year Built : Bedrooms : 0 Bathrooms : 1 Furnishing : None Facilities : Renting Price: RM3,500 房地产信息说明/房地產信息說明 产业名称/產業名称 : 蒲种 Kinrara 5 角落第二层店屋出租 产业种类/產業種類 : […]
Kuching Penrissen Road Urbaneeze Apartment For Sale
Property Information Descriptions Location : 6th Miles, Penrissen Road Type : 4-Storey Apartment with Lift Service Size : 1,291 sq ft Bedroom : 3 Bathroom : 2 Equipped with: Tv Ledge for Living Wardrobe in Master Bedroom Wardrobe in Bed rooms Kitchen Cabinets Ligthings Curtain 4 nos. Air-conditioner piping pre-installed MATV Ready CCTV Interphone 24 […]
Kuching ZEN66 Apartment Open For Sale
Kuching ZEN66 Apartment Open For Sale Project by: Tecktonic & Sons Holding Sdn. Bhd. Proposed 6-Storey Mixed Development oon Lot 83, Block 218, Kuching North Land District “ZEN 66” Location: 3rd Miles, Penrissen Road, at the back of Chef’s Delicious Restaurant (建筑公寓的工地新天厨餐馆的附近) Price Start From: RM396, 880++ Apartment Size: Start from 850 sq ft++ Facilities: Swimming Pool […]
Kuching Batu Kitang 2 Storey Semi Detached Light Industrial Factory For Sale
Wismacom Industrial Park Double Storey Semi D Light Industrial Factory Location: Batu Kitang, Kuching, Sarawak This project comprise with 22 units of 2-storey (full floor) Light Industrial Semi Detached located in front of Batu Kitang, Kuching. It is good for the investment or own use as warehouse, industrial and retail store etc. Feature: Strategic location […]
Recent Posts From News
Brexit making people look abroad
30% increase in UK Citizens planning to move abroad after Brexit
Moments after the shock of the EU referendum result the cost of living calculator from the Expatistan site said:
“The number of people comparing UK cities and cities abroad spiked to over 50% It comes as no surprise that the correlation between how a city voted and people researching to move abroad showed positive.
The lower the percentage for those pro Brexit, the lower the interest to move out of the UK. With locations where Remain votes where higher, the interest to move abroad grew higher.”
USA and Australia where the top 2 countries people were looking to move to, with Spain coming in third.
Here at Propertyshowrooms.com we have also noticed such an increase in property searches and notice that on our portal we find that more people have been searching for property in Spain, Cyprus and Portugal and further abroad to the UAE and Thailand.
Another notable result of Brexit is that a lot of Brits are researching how they can keep their EU passports.
The cover of a British passport reads “European Union”, when the UK leaves Europe, this will no longer be the case as it will cease to be an EU passport.
A possible route to an EU passport is marriage. For example, the spouse of a citizen of Spain can become a citizen after only one year of wedded bliss.
Article by +James Roberts on behalf of Propertyshowrooms.com
Luxury Condo Prices to Remain Flat in Malaysia
As new development projects are completed in Kuala Lumpur and fringe locations, competition in the rental market is expected to heighten amid a weak Malaysian housing market.
Property prices in the high-end condominium segment will remain flat, while rental prices fall, due to increased competition between existing units and new launches, said property consultancy firm Knight Frank Malaysia.
The increasingly competitive property market is also forcing developers to be more innovative, with attractive packages and creative deals being offered to boost sales, it said.
In its report called Knight Frank Malaysia Real Estate Highlights 2H2015 , the firm said this may also lead to some of the projects scheduled for launch by the first half of this year, to be deferred.
” There has been an increased trend of projects offering leaseback arrangements and pool management programmes with guaranteed rental returns to boost sales and attract potential buyers and investors looking for long term investment in terms of rental returns and potential capital appreciation, “.
The report added that potential buyers and investors, however, would continue to adopt a ” wait-and-see ” approach as market sentiment remained weak.
In the third quarter of last year, Kuala Lumpur recorded 1,694 transactions in the condominium and apartment segment, 6.3% less than a year earlier.
For the office market segment, in Kuala Lumpur and Selangor, it said there was growing pressure on rental and occupancy levels due to the high supply pipeline of existing as well as new stock, and a weaker leasing market.
” The depreciation of the local currency and volatility in commodity prices coupled with economic and political uncertainties do not bode well for the office market which traditionally have been driven by the services sector and oil & gas (O&G) businesses “.
” The contraction of the O&G sector, the main lifeline of the office segment following the plunge in crude oil prices, has negatively impacted the market “.
” Tenants continue to be spoilt for choice with attractive rentals, incentives and tenancy terms “.
The firm said rental rates could fall due to heightened competition in the tenant favoured environment.
With business confidence at a low, coupled with the economic slowdown, it was inevitable that the take-up rate and overall occupancy levels would be impacted, it said.
” Nonetheless, rental rates of well-located good grade, dual-compliant office space are expected to remain resilient, ” said Knight Frank.
In the Klang Valley retail market, Knight Frank said the weak local currency and recent toll hike were expected to further dampen consumer sentiment over the next six months as disposable income falls.
” Majority of retailers are adopting a ‘wait- and-see’ approach and caution in their expansion plans amid poor sales performance and reduced profitability “.
” A handful of regional and local retailers operating several brands are taking up larger lots at competitive tenancy terms with attractive rentals and incentives to improve space and cost efficiencies “.
Article by +Roxanne James on behalf of Propertyshowrooms.com
Hong Kong Housing Ranked Most Unaffordable in the World
According to the 12th Annual Demographia International Housing Affordability Survey of 87 global cities by US think-tank Demographia, property in Hong Kong is the most expensive in the world while that in the US is the most affordable.
The report shows that the four most affordable housing markets, all with home prices 2.6 times median annual income, were found in the US – New York’s Buffalo, Cincinnati, Cleveland and Rochester. Overall, cities in the US have the most affordable housing according to the Demographia list.
At the other end of the spectrum, housing in the bustling port city of Hong Kong in southern China is classified as ‘severely unaffordable’. Property prices are on average 19 times median annual income. Second from the bottom of the list is Sydney (12.2 times) followed by Vancouver (10.8 times).
The rankings are based on the ‘median multiple’ of the respective housing market, ie the median price of property is divided by the median annual income before taxes. Cities with a median multiple of 5.1 and over are ranked ‘severely unaffordable’.
Housing affordability in Hong Kong is its worst since Demographia started its survey, in part due to well-off mainland Chinese buyers investing in Hong Kong property. US monetary policy and increasing demand in general contribute to housing scarcity which in turn places more upward pressure on housing prices.
Apart from their prohibitive cost, new housing developments in space-starved Hong Kong have become so tiny that they are referred to as ” mosquito units ” by locals.
The dire housing situation in Hong Kong was one of the concerns raised by young people who took to the streets in 2014 in massive pro-democracy protests known as the Umbrella Movement. Since then, the Hong Kong government has said it would increase housing supply.
” Virtually all of the geographies covered are facing more uncertain economic futures than in the past, ” said the Demographia press release.
” As always seems to be the case in economic matters, younger people and lower income people tend to be at greater risk “.
Article by +Roxanne James on behalf of Propertyshowrooms.com