Big isn't beautiful

Article Abstract:

The property market in Malaysia is declining because of the economic crises in South East Asia. Malaysia's central bank reduced its lending for real-estate development in March 1997 but this has not slowed down the rate of construction enough to avert an over-supply of property. Falling prices may result in developers being unable to repay their loans and some have stopped work and layed off employees. There are 26 shopping malls being built around Kuala Lumper yet people have less disposable income. Rents on office property are also falling and 30% are expected to be vacant in 1999.

Subdividers and developers, not elsewhere classified, Industrial Real Estate Developers, Land Subdivision and Land Development, Management, Construction industry, Supply and demand, Malaysia, Real estate development

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The Asia factor

Article Abstract:

Hong Kong's economy is facing a more direct threat from the financial crisis in Asia than from companies with connections with China. The Hong Kong administration is now having to deal with a completely unexpected recession. Property prices, the local indication of economic strength, are falling, and retail sales, exports and investments all fell in the first three months of 1998. Financial Secretary Donald Tsang has announced a number of short-term initiatives to support the economy.

Cover Story, Hong Kong

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