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Shah Alam, mature industrial areas to see greater redevelopment

Sim noted that despite rising land prices in Shah Alam, there are still factors incentivising logistics players to look into the locality. "These include Shah Alam’s central location providing opportunities for more delivery runs per day, as well as the advent of construction going into multi-storey to balance the real estate costs," he said.

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Knight Frank: Residential market to see 'slow uptick' post MCO

 

“During the first half of the year, the central areas of Kuala Lumpur saw fewer residential project launches and lower levels of transactional activity. Still, against this backdrop, we observed active bookings of rightly positioned residential products of reputable developers in city fringe and popular / upcoming suburbs. The reintroduction of the HOC featuring stamp duty exemptions and the uplifting of margin of financing limit for the third housing loan onwards for property valued at RM600,000 as well as Real Property Gains Tax (RPGT) exemption unveiled in the short-term Economic Recovery Plan (PENJANA) will help to simulate the property market," said Sarkunan in Knight Frank's 'Real Estate Highlights 1st Half 2020' research report today.

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