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Remember the Great Recession of ’08? You know, the one where the housing market bubble popped and millions found themselves holding and sometimes even abandoning real estate whose value had plunged underwater, a few thousand leagues under the mortgage? Yeah, it’s not something you’d likely forget if you found yourself drowning in that whole mess….
Malaysian authorities have recently banned the Developer Interest Bearing Scheme (DIBS) because it made residential prices more expensive. According to Bank Negara Malaysia (BNM) Deputy Governor Dr Sukhdave Singh, DIBS has helped home builders to sell houses. Under the scheme, home buyers need only to pay 10 percent of a property’s value upfront, while 90 percent…
It’s the biggest event in Cambodian real estate, since, well, ever. Tonight the industry celebrated the best of the best of the Cambodia property sector together with a guest list that included nearly 300 of the kingdom’s top professionals and leaders such as His Excellency Dr. Pen Sophal, representative of His Excellency Senior Minister Im…
The revenue of Thailand’s leading property developers rose nearly 22 percent year-on-year as strong fourth quarter demand helped offset a sluggish start to the year. The exceptional final quarter in 2015 was due in large part to the government measures implemented to boost the property market. The net profit of the country’s top 10 property…
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There’s a new candidate for the next tallest building in the region, to be located on a multimillion riverside development in Phnom Penh, Realestate.com.kh reported. Local authorities including the Department of Land Management Urban Planning and Construction, and the Phnom Penh government recently approved a revised plan to erect the building by 2019. The mixed-use…
Withstanding global economic headwinds, declining oil prices and recent volatility in equity markets, commercial real estate markets in the U.S. and certain regions of Americas are expected to fare well over the balance of 2016, according to a new Americas Outlook Report from CBRE Group. “The economic world is on edge, with heightened concerns about…
Despite a massive drop in real estate investments in Malaysia, it has been revealed that investors in the country still prefer to put their money in the property sector. “Year after year, Malaysians continue to show a propensity for exporting capital in a need to preserve and grow their wealth – with a strong appetite…
Will it finally be Megaworld Corporation’s year at the Philippines Property Awards, or will SM Group repeat its triumphant run last year? The Dr Andrew L Tan-led firm received an unprecedented 16 nominations at the country’s biggest real estate awards programme, which will hit the Philippines on Thursday, 7 April, to be held at the Fairmont…
As time runs out on the government’s incentives for buying property in Thailand, property developers are launching a last round of special promotions in a bid to boost sales. Most residential developers hosted promotions at the recently concluded 34th House & Condo Show at the Queen Sirikit National Convention Centre. Thanasiri Group was one such…
Owning a home is a keystone of wealth… both financial affluence and emotional security.