News by Natalie Khoo

Key takeaways from The Edge Investment Forum on Real Estate 2016

Themed "Riding out the storm: Pitfalls to avoid", the forum was held at Sunway Putra Hotel, Kuala Lumpur today. REIF2016 was presented by Sunway Property and supported by TheEdgeProperty.com.

No matter if times are good or bad, there are always opportunities in the real estate industry, be they physical assets, stocks or REITs, depending on one’s risk appetite, according to industry experts.

According to the Property Market Report 2015 by National Property Information Centre (Napic) released on Tuesday, there were 362,105 transactions worth RM149.9 billion recorded in 2015, indicating a decline of 5.7% in volume and 8% in value.

The 518 apartment units have built-ups ranging from 466 to 760 sq ft, with a typical unit comprising of either one bedroom and one bathroom or two bedrooms and two bathrooms.

High cost of IBS components, lack of standardisation, inadequate supply of skilled workers and accessibility to cheaper untrained foreign workers are the major reasons for low adoption of the building system in the private sector.

New developments and future MRT stations in the area boost secondary market prices.

Its upmarket appeal is earning it a reputation as one of the most sought-after addresses in the Klang Valley.

Secoya Residences is IJM Land’s latest offering in Bukit Kerinchi. Coming up on a 3.47-acre (1.4ha), 99-year leasehold plot, the condominium complex will offer 243 units in two 41-storey towers, with built-ups ranging from 1,050 to 1,670 sq ft.

Members of the public are welcome to watch them duke it out from 8am on Aug 22, and light refreshments will be served.