Estimated by property managing, property prices for Penang property market may dip ~10% this year. But there still an event of Penang International Property Expo will held on 27th~29th March. Penang property may dip in property prices but increase of the demand.

Some think the situation will recover in the third quarter, others say it will take a year. But many property developers are not dropping their prices. It is in the secondary property market that buyers may be forced to sell, preferring to convert their assets to cash. We will bound to have that as many units will be completing this year.

Those who bought earlier are also expected to convert their assets to cash. Property agents and valuers have mixed views how much prices have dropped but the range is between 5% and 20%, depending on the project.

Normal profit in property project generally is 5% to 30%. Property Developers are now not making super profits.  Even if property developers drop property prices, it will settle at a fair level. Most of the property prices are close to construction price and land cost.
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Property market in Kuala Lumpur showing sign effected by economy crisis. Malaysian Institute of Economic Research (MIER) projects Malaysia will have 50% chance of full-year recession this year and is quite certain that the country will dip into technical recession in the first half of this year.

MIER expects the domestic economy to return to normalcy only in two to five years. Malaysia is not spared from the global financial crisis as well as property market meltdown. Since late last year, the domestic property market has started to show signs of weakening.

Kuala Lumpur City Centre’s (KLCC) high-end condominium is heading towards a 15%-20% price depreciation in two to three months. Property buyers are looking for more realistic pricing, reflecting the current conditions. In a worst-case scenario, he is projecting up to 30% drop in prices over that period.
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Berkeley Homes aims Asian property investor continue buying investment property at london homes. Berkeley Homes is targeting property investors in Malaysia, Singapore and Hong Kong for the sale of its projects in central London.

Berkeley Homes is a UK property developer founded in 1976 committed to providing quality london homes, new builds houses and new apartments for sale in London and the South East. Berkeley Homes has unrivalled expertise in creating sustainable communities within complex regeneration schemes on Brownfield sites. Although the location, size and complexity of sites vary, Berkeley Homes always delivers superbly designed and built homes.

The 125-year leasehold properties, high-rise properties comprising 292 apartments are collectively known as City Quarters.There are four blocks of buildings in City Quarters and known as Times Square and two buildings known as the Sugar House and Hoopers Yard.

In the past two months, the London property market has attracted much attention from overseas property investors.There is reason behind. Read more »

Who are the top property developers in Malaysia? There is always FAQ about selecting the right property developers. The right Property Developers is one of the key points make our Property Investment successful.

Top 30 Property Developers Awards y2008 judge by The Edge Malaysia published on 1st Sept 2008. Here is the Malaysia top 30 property developer list; Read more »