The queues are back!

PETALING JAYA : Believe it or not, the queues to buy property are back!

On Aug 1, a commotion among eager buyers threatened to erupt at the launch of the I&P Group’s 2-storey Temasya Suria superlink homes in Glenmarie, Selangor.

This was sparked by the appearance of queues that had not been sanctioned by the developer. The multiple queues were formed by those who had not registered their interest on the project with the developer.

At one point, there was a standoff between the eager buyers and the developer. The police had to be summoned to maintain peace. As a result, the launch was delayed for about 90 minutes.

Some of the hopefuls had queued up to a week just to buy the superlink homes, the cheapest of which cost a cool RM750,000. The most expensive of the 133 freehold units up for sale was priced at RM1.4 million. All the units, with a wide frontage of 28 ft and generous built-up of 3,427 to 4,652 sq ft,  were snapped up in less than three hours. No untoward incident was reported.

Meanwhile, queues have also been noted in other selective property launches in the Klang Valley and in Penang. Though property market sentiments have seemingly improved, this is not across the board, experts say.

Read about the details on the Temasya Suria launch as well as the queues in Bandar Kinrara, Puchong, Selangor and IJM Land’s maiden launch of The Light waterfront project in Penang in the Aug 10 issue of The Edge.