“For the genuine developers, house prices will not drop because they set the price where it will give them a reasonable return."
These new launches will be within its existing township developments of Bandar Darulaman in Jitra, Darulaman Perdana in Sungai Petani and Darulaman Utama in Kuala Ketil, which are all located in Kedah.
‘The Waves’ comprises serviced apartments, retail mall and hotel.
The two groups yesterday entered into a partnership via their respective subsidiaries — UEM Land Bhd and Leisure Farm Corp Sdn Bhd. Under the deal, they will form a joint venture (JV) company where they are equal partners.
Kerjaya Prospek Group Bhd, formerly Fututech Bhd, has bagged a RM181.31 million contract from China Communications Construction Co (M) Sdn Bhd (CCCC) for dredging works pertaining to the second phase of the reclamation for Seri Tanjung Pinang development (STP 2) in Penang.