News by M

In end-2014, Kelantan, Terengganu, Pahang, Perak and Sabah were hit by huge floods that displaced hundreds of families and caused significant economic hardship.

The property market in Subang Jaya falls primarily within the mid- to high-end segment. In the 12 months to 1Q2015, 35.9% of the secondary non-landed residential transactions were within the RM601 – RM800 psf range. Another 29.3% fell within the RM401 – RM600 psf range.

Construction company Zelan Bhd is tendering for contracts worth RM4 billion this year, comprising local infrastructure projects, as the company winds down its overseas operations.

Residences in Subang Jaya are concentrated primarily around the commercial strip of SS16 and around the Subang Ria Recreational Park in SS12.

S P Setia Bhd’s net profit rose by 22% year-on-year (y-o-y) to RM123.4 million.

This week, the focus is on the secondary market of non-landed residences in one of Klang Valley’s most coveted addresses: Subang Jaya. Subang Jaya in this study is limited to residential and commercial areas covered by SS12 to SS19, as well as the industrial zones around the Subang Hi-Tech Industrial Park.

The homes were sold under the Setia 10:90 programme, where buyers need only to pay a deposit of 10%, with the remainder payable only after the property is completed.

Themed “A Better Home for a Better Tomorrow”, 15 developers participated in the showcase.

The first phase of this township features 176 units of 2-storey linked villas with built-ups of 2,394 sq ft, 2,626 sq ft and 2,965 sq ft; 52 units of 2-storey
semi-detached homes with built-ups of 3,492 sq ft and 3,482 sq ft; and six units of 2-storey bungalows with a built-up of 4,214 sq ft.

Sri Petaling’s property market is expected to continue to enjoy growth on rising demand from developers looking for land beyond the city centre, said property consultants.