News by Chin Wai Lun

With the Power Station opening to the public this September, the completion of Prospect Place marks a major milestone that reflects the significant progress made on the site. 

One of these properties is his former beachfront estate in the Turks and Caicos on Parrot Cay island, which he sold in 2019 for US$27 million (RM117 million). The second owner has put the property back on the market, this time with a listing price of US$37.5 million, according to TopTenRealEstateDeals.com. 

Incorporating his prior experiences while contracted under Singapore’s Mediacorp, Freeman Woo excelled as a real estate negotiator and is today the co-founder of Kith and Kin Realty Sdn Bhd. 

The daily quoted researcher and consultant Eva Soo, who during a webinar at the JLL Q1'22 Real Estate Market Perspective said that the incoming large supply is mainly due to delays in completion over the past two years due to the economic restrictions brought on by the pandemic.

This is on the back of the developer recording strong take-up rates of its products, especially at its flagship Bandar Sri Sendayan township in Negeri Sembilan, as well as a lesser threat of a Covid-19 operational closure. 

Noteworthy:

• Freehold
• Land size: 2,486 sq ft
• Built-up: 1,150 sq ft
• 3 bedrooms, 2 bathrooms
• Corner unit
• Facilities: Gated and guarded, basketball court, park, playground

When: July 2021

Currently most of the cloud kitchen operators are in the Klang Valley, consultant seeing the operators are planning to expand into other cities like Johor Bahru and Penang.

The developer also welcomed the extension of personal income tax relief of up to RM1,000 for domestic tourism expenses up to the year of assessment 2022 to encourage tourism within Malaysia.
 

Group managing director Foo Gee Jen: The government should probably at least provide a stamp duty waiver for the first RM300,000 of the housing price, for example. This will help ease the burden of those in the B40 and M40 income groups

KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan: Apart from the abolishment of the RPGT for properties held from the sixth year onwards, there was hardly any good news for the property market