8 Conlay is a mixed-use development with a gross development value of RM5.4 billion.
Outlet centres — which account for 0.1% of the total retail industry in Malaysia — are becoming popular among investors and retailers in Malaysia as they offer higher returns to investors and more affordable and flexible spaces to retailers.
“We want to bring Kuala Lumpur’s lifestyle to Raub but our homebuyers won’t have to pay KL prices and they still get to enjoy the same kind of facilities,” said Group Target managing director and CEO Datuk Tan Hong Lai.
About 33% of London’s West End homes were sold for above £2,250 psf in the final quarter last year (4Q2015), compared with 10% of the market a year ago, said international property services firm CB Richard Ellis (CBRE) senior director Jamie Gunning in the firm’s report on the area’s residential market.
Members of the Royal Institution of Chartered Surveyors (RICS) said new buyer enquiries rose for the tenth month in a row in January as home prices face upward pressure, as they seek to beat the deadline of a 3% stamp duty hike in April.