M’sian property market can weather slump
Analysts expect a slowdown but no major correction as there is still room to grow THE Malaysian property market, which is expected to enter the down cycle next year, will still be resilient enough to survive the onslaught of a softening global economy. The government’s RM7 billion (S$2.9 billion) stimulus package, including the reduction of … Read more
Don’t be in a hurry to reinstate DPS
Uncertainty in the market being caused now by the scheme should not be treated lightly. By Kalpana Rashiwala THE deferred payment scheme (DPS) was scrapped over a year ago but it has left a lingering uncertainty in the market that may not clear for some time yet – a fact that should not be taken … Read more
The story of three slumps
The current downturn bears little resemblance to those of 1998 and 2001 HOW does the current property market slump compare with the earlier ones in 1998 and 2001? Sitting here at my desk, looking out over the huge Marina Bay building site that will grow into Singapore’s first integrated resort, it doesn’t look much like … Read more
Retail rents expected to fall in 2009
Retailers likely to be cautious in expansion, rents may undergo corrections to reflect the gloomy outlook RENTS for prime retail space in Orchard Road could fall by as much as 13 per cent in 2009, while rentals at suburban malls are expected to ease by about 3 per cent, property analysts here said. Cuts in … Read more
