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Homeowners insurance and evacuation

Homeowners insurance and evacuation

Published October 15, 2008

This summer residents of Texas, Florida, and Louisiana were ordered to evacuate their homes because of impending hurricanes, and the news was flooded with images of cars jamming the highways, followed days later by images of damage to homes and businesses. Earlier this year, residents of Northern California evacuated their homes because of wildfires, which inspired similar stories.

No one likes to think of the possibility of being forced out of their home, but the reality is that extreme weather can happen anywhere – witness the several thousand people in Ohio who lost power for the better part of a week because of leftover wind and rain from Hurricane Ike – even that far inland.

If you live in a place likely to be evacuated because of extreme weather, here are some things you should know about evacuation and insurance.

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Making a real estate transaction

Making a real estate transaction

Published July 4, 2008

Making a real estate transaction, involves many pros and cons. Real estate transaction is nothing but a process of exchange of real estate between two or more par ties. Here one person is called as the seller and the other person is called as the buyer. Some people simply transfer huge amount for real estate without understanding, the lender. When you are buying a land or real estate, first give a good preference for the owner. Understand his background and his nature. Find a good broker who can act as a mediator between you and him.

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Malaysian property firm bullish about poll results

Malaysian property firm bullish about poll results

Published March 27, 2008

Malaysian property developer SP Setia’s chief executive expects a shakeup in the country’s politics to deal a blow to government cronies and help his company to double profit.

“I think it’s very good for us. For any company that’s open and transparent it will be very good. If you are a crony and depend on handouts you’re going to suffer,” Chief Executive Liew Kee Sin said in the most outspoken comments by a business leader since the ruling coalition’s March 8 election debacle.

“If you’re not dependent on the government to feed you things, I think you will do much better now than before.”

The election result prompted sweeping changes to the cabinet of Prime Minister Abdullah Ahmad Badawi and some big policy changes have already been signalled, including reforms to the judiciary and a review of Malaysia’s murky system of subsidies.

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Malaysia “best place” to invest

Malaysia “best place” to invest

Published March 20, 2008

According to one expert, Malaysia offers overseas property buyers the best investment opportunities in the South-East Asian property market. Marsha Lu, who is the head of the legal, diligence and compliance department at Property Frontiers, claimed that while Malaysia has not been as popular as Thailand in the past, the latter has experienced political instability recently. Arguing that Malaysia is presently “the best place to invest”, Ms Lu said that the country has recovered well from the Far East financial crisis in the 1990s, compared with many other states in the region.

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Property downturn in Japan

Property downturn in Japan

Published March 20, 2008

After an energetic rise over the past few years, Japan’s real estate market is running out of steam. Particularly in the past few months, difficulty in completing transactions has fuelled expectations that prices will start heading south. In the capital markets, the value of Japanese real estate investment trusts (J-Reits) has plummeted in recent months, leaving many trading well below their net asset value. The negative sentiment surrounding Japan’s property sector may seem natural, given the grim outlook facing the world’s main economies. The slowdown in the US, coupled with a rapid appreciation of the yen, is hurting the country’s exporters, which have been important drivers of growth.

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