News by Chin Wai Lun

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.

Sime Darby Property's two residential projects have recorded high take-up rates during their respective official bookings weekend.

Occupancy rates for purpose-built office and retail spaces are dropping even though the supply has increased in 2021, according to the National Property Information Centre (Napic) report for 2021.

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 unidentified buyer also bought an adjacent apartment for HK$561 million. 

Both projects have a combined gross development value (GDV) of RM239 million.

This arrangement will mark NCT Alliance's first direct appointment for a rehabilitation project.