Demand for homes:
Melaka's residential market, however has limited upside for investors as the homebuyers are usually owner-occupiers,
according to the property consultants. Another factor could be the 60% bumiputera quota imposed on residential projects,which has resulted in limited units avail-able for non-bumiputeras and slow sales for developers. Nevertheless, says c H Williams Talhar & wong Sdn Bhd's Melaka brach manager Teh Hong chua,there is demand for new homes. Housing areas are moving outwards as there are limited tracts of land in Melaka city suitable for development.
"The residential secondary market is not very active," he says, obseruing that the asking prices for homes around the
city are going up, albeit slowly. For instance, the price of a z-storey link home five years ago ranged from RM18o,ooo to
RM200,000. NoW (in 2011) prices average RM250,000. The prices of newly launched equivalents are about RM26O,O0O to RM280,000,Teh says.
Foreign investors usuauytake up condotels - tie combina-tion ofa condo and a hotel room - which ue sold on a leaseback basis.These properties are usually ocrupied by tourists.
Top 10 richest Malaysians in 2014: Malaysia now boasts a total of eighteen billionaires, up from fourteen a year ago! Let's now take a look at the ten of the richest locals in 2014. As many Malaysians are well aware of, our country is going through a period of lows; our currency, the Ringgit, is weakening, we are experiencing a slowing economy and a lackluster stock market. All these come together to affect those who are earning a regular salary. But all of it is probably nothing more than an extra shrug from the guys on this list – if at all. In fact, some of those on the Forbes’ Malaysia’s Richest Tycoon list (ie the richest Malaysians, as of March 2014) have seen their fortunes increase as well, due to shrewd business decisions (amongst other things) despite economic conditions. Malaysia now boasts a total of eighteen billionaires, up from fourteen a year ago! Let’s now take a look at the ten of the richest locals in 2014. Source: Forbes’ Malaysia’s 50 Richest List Number 10: ...
Comments