IPOH.com.my Photo Gallery BIZ Net My Classifieds Property Maps Car Mart Hotjobs2u.com

Google
Web ipoh.com.my

Hot JobsMy ClassifiedsBidValley AuctionsIpoh DatingAutomobileIT NewsPerak WatchReal Estate
Go Back   Ipoh Community Forums > Development in Perak > Commercial Properties
User Name
Password
FAQ Googlemap ME Vb Music Members List Calendar vBRadio Search Today's Posts Mark Forums Read

Commercial Properties Any comment on the Commercial Properties Development in Perak?

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 04-10-2010, 04:44 PM
fortune fortune is offline
fortune
Durian - The King
 
Join Date: Sep 2007
Posts: 11,214
fortune is on a distinguished road
Send a message via Yahoo to fortune
Default Property Bubbles Across Asia

Beware of Property Bubbles Brewing Across Asia: Expert
Published: Monday, 4 Oct 2010 | 3:39 AM ET Text Size
By: Ansuya Harjani
News Assistant, CNBC Asia Pacific

Expect property bubbles of an "unprecedented magnitude" across Asia in 2011, if the region's central banks don't move to tighten monetary policy at an appropriate speed, warned Dominique Dwor-Frecaut, macro strategist at Royal Bank of Scotland.

Central banks in Asia are "importing monetary policy conditions which are far too loose for them", Dwor-Frecaut said on CNBC Monday.

Flexible monetary policy in the West is a result of the "systemic banking crisis" or "real estate price deflation" plaguing countries in Europe and in the United States. "These are not the problems of Asian countries," she pointed out.

Dwor-Frecaut stressed that emerging markets like China, Taiwan and Singapore must adopt more flexible exchange regimes and allow their currencies to appreciate in order to reflect the strength of their economies.

"Countries that refuse to let their currency appreciate...are going to see their real estate market become more and more bubbly."

In a recent report, she noted that residential property prices in Hong Kong and Taiwan were already 20% above their 2008 peak; while in Singapore and Malaysia, prices had been above 2008 levels at the end of June 2010.
Reply With Quote
Sponsored Links
  #2  
Old 08-10-2010, 04:16 PM
fortune fortune is offline
fortune
Durian - The King
 
Join Date: Sep 2007
Posts: 11,214
fortune is on a distinguished road
Send a message via Yahoo to fortune
Default

http://www.bloomberg.com/news/2010-10-08/shanghai-to-limit-home-purchases-introduce-property-tax-government-says.html

Quote:Shanghai to Limit Home Purchases, Introduce Property Tax, Government Says
By Bloomberg News - Oct 8, 2010 11:41 AM GMT+0800

Shanghai introduced new measures to curb home price gains including restricting home purchases to one per household, increasing the supply of residential land, and using a property tax to cool the real estate market.

“The government will proactively get well prepared for the introduction of the trial property tax,” the government said in a statement on its website yesterday.

Property prices in 70 major cities rose 9.3 percent in August from a year earlier, prompting the government to extend a crackdown on speculators and multiple home purchases. The latest measures are “more significant than expected,” analysts at Deutsche Bank AG wrote in a report dated yesterday.

“This in our view highlighted the strong determination of the central government and local governments to cool down the property market,” Deutsche Bank analysts led by Tony Tsang wrote. “Some bullish market participants might have under- estimated the strength and frequency of the government tightening measures.”

An index tracking 34 Shanghai-listed property developers rose 1.9 percent as of 11:03 a.m. local time, erasing losses earlier. Shimao Property Holdings Ltd. fell 0.6 percent after dropping as much as 2.5 percent, while Evergrande Real Estate Group Ltd. lost 1 percent.

The government of China’s richest city also ordered banks to stop extending mortgages to third-home buyers, in line with national policy. The city’s government will further regulate developers’ business operations and ensure market order, the statement said.

‘Robust’ Demand

China’s State Council, or the Cabinet, on Sept. 29 raised the down payment to 30 percent for all first-home buyers to cool the property market. The down payment level previously applied only to homes larger than 90 square meters (969 square feet).

The government has since April raised the down payment and interest rates on second-home mortgages and restricted the number of new homes residents can buy in some cities.

“We believe short-term sentiment may be dampened, nevertheless, the potential impact from these new rules should not be overdone,” Citigroup Inc. analysts Oscar Choi and Marco Sze wrote in a report dated yesterday, referring to Shanghai’s measures. “Underlying demand should remain robust given the ample liquidity in the market, especially for cities like Shanghai, which can take purchasing power from different areas.”

Hangzhou, Shenzhen

Housing transactions in the southern city of Shenzhen surged 84 percent in August from July and rose 23 percent in Beijing, according to data compiled by Soufun.com, the nation’s largest property website. Prices in Beijing gained 12.3 percent from the previous month and rose almost 7 percent in Shenzhen, according to Soufun.

The Chinese cities of Hangzhou and Chongqing may follow Shanghai in tightening property market policies, the Citigroup analysts said. Shenzhen on Oct. 1 limited local residents’ home purchases to two and those from outside the city to one, seeking to lower transaction volumes, according to a *censored* International Securities Ltd. report dated Oct. 4.

There’s an increased risk of the government issuing new tightening measures such as the property tax and the “full” enforcement of the land appreciation tax, Nomura Holdings Inc. analysts Alvin Wong and Sunny Tam said in an Oct. 4 report that rated China’s property stocks “cautious” in new coverage.

Average residential prices may fall 5 percent to 10 percent by the end of next year, according to the brokerage.

Hong Kong will introduce rent-to-own subsidized housing after a public outcry over surging home prices, the South China Morning Post reported Sept. 16, citing an unidentified official. The city’s housing prices rose 1.61 percent in the week ended Sept. 26 from a week earlier to the highest level since December 1997, Centaline Property Agency Ltd. said Sept. 30.

--Zheng Lifei, Zhang Dingmin. Editors: Andreea Papuc, Malcolm Scott.
Reply With Quote
  #3  
Old 01-06-2011, 01:52 PM
fagalcromy fagalcromy is offline
Junior Member
Banana
 
Join Date: Jun 2011
Posts: 5
fagalcromy is on a distinguished road
Default

Real estate stocks in the region have much room to fall further.Aggressive monetary tightening, both locally and globally, is the greatest risk to the health of governments in the region markets.Asian property imposed a series of measures prevent their taking goods markets too quickly.
Reply With Quote
  #4  
Old 01-06-2011, 02:12 PM
Klik KloK Klik KloK is offline
Senior Member
Mangosteen - The Queen
 
Join Date: May 2011
Posts: 2,415
Klik KloK is on a distinguished road
Default

Many predictions of bubble to happen in 2013. Better cautious than sorry.

Even the properties in Ipoh are rising so much. Commercial properties asking price increase but not rental. Many 3 storey shoplots are over 1 mil.

I could not believe that the asking price for Ipoh the Haven condos are now about RM400 per sq ft... in that dead, out-of-town place. What do Ipoh people think, isn't that way too high?
Reply With Quote
Sponsored Links
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT +8. The time now is 10:43 PM.


Powered by vBulletin Version 3.5.3
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
vB Ad Management by =RedTyger=
Copyright Ipoh-Online Sdn. Bhd. (411730-W) 2006