It is no secret for those who are avid tourists that Malaysia is a beautiful country to spend some quality moments. However, few people know that the country has an immense potential as a prospective place to migrate after retirement. And why after retirement only? Given the rising economy, Malaysia is luring foreign investors with the promise of growth and profit. Hence, apart haiphatreal from local buyers, foreigners are also keen to buy real estate properties.
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The Reasons
In Malaysia, the state of Penang is a popular site for buying real estate properties. Read the reasons why the popularity of real estate in Penang is rising.
Given so many boosting factors, undoubtedly, the buyers are attracted to the market. If you do not want to miss the chance, grab it now. Begin with the research part first. Stay tuned in for the latest updates on how to refine your research.
Real Estate Performance in 2015 and Expectations in 2016
Real estate in India has been a topic for many hot debates across many news channels and business tables. As the year 2015 draws to a closure, it is a good time to analyze how the industry fared across the country in 2015, and also things seem to look ahead way into 2016.
India is being viewed as a hot investment ground across the world, thanks to Prime Minister Modi's aggressive campaigns. India's has also been doing better than other BRIC companies, so the bed for expansion of all industries is ripe. Of course real-estate and infrastructure are the basic foundations, on which all industries rest, so things are changing here as well.
Commercial segment
2015 saw somerevival in the commercial real-estate sector. In fact the offices-space consumption had been 35 million sq. ft. in 2015, unmatched since 2011. A number of global corporates and domestic ones have been expanding, as well as many startups have been clocking phenomenal success, leading to an increase in demand. The vacancy of office space has now been released at 8-9%, with cities like Pune, Chennai, Bangalore and Hyderabad, reporting a mere 5-10% vacancy. Hence rents have been on the rise and this is a positive indication.
Demand will be similar in 2016, and the continuous thrust will come from IT/ ITes and other corporate setups and their growth. Up till now Grade-A office space was more in demand, but paucity of such spaces will mean that Grade-B office spaces will start to fill up, taking the vacancy inventory down overall.
In 2015, PE investment focused on residential and office spaces, yet some entity-level and platform level investments also helped boost up investor confidence that will propel the overall investment in 2016. Due to the relaxation in FDI norms, there should be a change in ownership patters, with MNC's and PE funds taking on the real-estate ownership.
Basic services like healthcare and the exposure of Indians to the mall and multiplex culture seem to be giving a boost to retail as well, although here the performance has been average.
Residential segment
The picture for residential real-estate was not so rosy in 2015, but indications are that the worst may be over now. In cities like Hyderabad, Mumbai and Bangalore, sales are picking up, albeit slowly. The developers have been holding out new launches, but have been doling out attractive schemes and discounts to clear up stocked inventory.
Many builders are turning their energies towards smaller residential projects, like 1 and 2 BHK units, packed with lesser lavish features, that too into Tier 2 and Tier 3 cities. These will continue to see better times in 2016. This year may be the turning point to save this flailing sector, all are hoping.
What experts say
The latest report by Fitch suggests that Indian real-estate market will show resilience in 2016. The RBI has lowered interest rates by 50 basis points and has then also left the rates untouched in various policy reviews throughout 2015, which has boosted cash flow overall into real-estate. Some banks have lowered home loan interest rates as well.Fitch predicts the Indian residential real estateto grow by 5-10 % in 2016.
Clearly 2016 is a year to look forward to for real-estate!