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Covid-19 prompts exodus in Australia from cities to regional areas

November 15, 2020 12:19 PM

SYDNEY - Australians have been leaving major cities to live in regional areas after the Covid-19 pandemic caused many people to realise that they can work from home and do not need to endure exorbitant property prices and heavy congestion.

Population dips in Tokyo area as people move out, a trend experts believe will continue

October 10, 2020 5:23 PM

TOKYO - More people left Tokyo than moved into the bustling Japanese capital in recent months, a trend that experts believe will continue with the rising adoption of telework.

Coronavirus worsens crisis in Hong Kong, world's most unaffordable housing market

October 06, 2020 2:44 PM

HONG KONG (BLOOMBERG) - In Hong Kong - the world's most unaffordable housing market - rents are staying exorbitantly high despite the global pandemic and a severe recession, threatening to add a new source of discontent after months of political turmoil.

Proposed real estate merger raises spectre of financial bailout in corporate Malaysia

October 05, 2020 7:57 PM

KUALA LUMPUR - A proposed takeover of one of Malaysia's top real-estate companies Eco World Development Group through a controversial merger plan spearheaded by sovereign fund Khazanah Nasional is raising concerns that Prime Minister Muhyiddin Yassin's administration is succumbing to pressure to bail out politically well-connected firms using public funds.

Dearth of office workers and travellers takes toll on property and retail in Australian city centres

August 15, 2020 9:35 PM

SYDNEY - Australians have been heeding advice to work from home during the Covid-19 pandemic, but the move is taking a heavy toll on the downtown property market and on the shops and cafes that gave character to the central business district (CBD).

Malaysia's Pakatan Harapan at loggerheads over a Selangor plan to clear forest reserve

February 21, 2020 7:06 PM

KUALA LUMPUR - A plan by the Selangor state government, which is controlled by the Pakatan Harapan (PH) coalition to turn a massive forest reserve into yet another development project has run into stiff opposition from environmentalists, local residents as well as PH ministers in the federal government.

Aussie housing slump deepens as Sydney listings hit 2004 low

May 11, 2019 3:26 PM

SYDNEY (BLOOMBERG) - Sydney houses are hitting the market at the slowest pace since 2004 and Melbourne is also seeing a dramatic slide in sellers, adding to concerns that Australia's housing slump will sap economic growth and force the central bank to cut interest rates.

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