The coming year, however, is projected to throw up many surprises in terms of price rise, with currently not-so-hot areas such as Wadi Al Safa 4, Hessayan First and Al Yalayis expected to see sharp …
Re-establishing «undeservedly forgotten» Day of Republic
ASTANA. KAZINFORM President Kassym-Jomart Tokayev signed a law on September 29 to revive the Day of Republic, celebrated on October 25, as a national holiday. More about what this holiday means for …
Sri Lanka cash-strapped state plans 14,000-acre land grab in currency crisis: report
Sri Lanka’s agriculture authorities are planning to grab 14,000 acres of paddy, violating property rights of the owners claiming that there are ‘fallow’ and give them ‘young persons’ to cultivate them …
Malaysia’s economy a tale of two halves
Economists do not expect the nation’s strong economic growth this year to continue into 2023. Read more at straitstimes.com.
Slow property market
Developers expect the residential market in 2023 to slog down with the expiration of the eased loan-to-value (LTV) limits on Dec 31, 2022, as homebuyers will need a higher amount of savings to buy a …
Rain and floods in Philippines leave 32 dead and others missing
More than 56,000 people were still in emergency shelters after bad weather disrupted Christmas celebrations in the eastern, central and southern Philippines.
Homebuyers must get tax benefits in Budget to make India’s real estate take on the world, say stakeholders
The pent-up demand of the last two years and the strong need to own residential properties in the wake of the pandemic were among the major demand drivers behind the strong revival in the real estate …
China has abandoned its zero-Covid policy. What will the economy look like in 2023?
As China moves ever closer to fully reemerging from three years of government-imposed Covid isolation and reintegrating with the world, economic expectations are high.
China’s metal factories cut production on poor outlook
Shrinking orders at home and abroad are forcing many metal goods factories in China’s southern Guangdong province to shut for the Lunar New Year holiday weeks earlier than usual, while some are also …
Ramped up housing supply may slow rising property prices in 2023: Analysts
SINGAPORE: Property analysts expect property prices to continue climbing next year, but a strong supply of new homes may help moderate the anticipated spike. For new private homes, the jump could be …