News by EdgeProp

The Malaysian Annual Real Estate Convention 2016 (Marec’16) aims to elevate the skills and mindsets of real estate practitioners to set themselves apart from the growing number of competitors in the market.

The highest absolute price growth can be found at SkyVilla Condominium, where the average price rose 18.6% y-o-y to RM333 psf. 

 TheEdgeProperty.com’s analysis of transactions shows the average price of condominiums in the area was RM193 psf in 1Q2015, up 10.8% y-o-y.

While the newer developments are becoming increasingly more upmarket, the secondary market in Kuching is still concentrated in the mass-market segment.

Despite the slowdown in the overall market, the high-rise segment has performed relatively well. Strata units are becoming increasingly viable due to the scarcity of land and the high prices of landed properties.

The Malaysian Annual Real Estate Convention 2016 (Marec ’16), which helps real estate practitioners stay abreast of the property market, is opening its doors to the investing public for the first time.

Growth in capital values was led by projects in the middle-market segment. The highest relative price growth was at University Condo Apartments 1 on Jalan Sulaman Highway

The city has a fairly sizeable expatriate population who work mainly in the oil and gas industry, and because of the city’s reputation as a retirement and holiday destination.

The historic Hotel del Coronado, popularly known as The Del, was inspired by the natural beauty of Coronado island.

By average price per unit, the most expensive project was The Loft Private Residences at KK Times Square, at RM909,000. Developed by Asian Pac Holdings, the serviced apartment is part of the KK Times Square project, one of the first in a wave of recent high-end, mixed-use developments.