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No one was reported to be injured in the 2.30pm incident, although witnesses were shocked by the commotion caused by the falling glass panels.

The two projects are Gravitas, a mixed-use development with a GDV of RM1.1 billion; and Crescent Dew, a luxury residential development with a resort concept that has a GDV of RM700 million.

Developers with a chunk of their sales in affordable housing are expected to weather the storm much better than those with high-end products, say analysts and real estate consultants.

Rental yields are higher in Subang than in Ara Damansara, due to the lower capital bases and generally smaller unit sizes found at the apartments and low-cost flats in Subang.

The property market in Ara Damansara has benefitted from its proximity to the established neighbourhoods of Kelana Jaya and Petaling Jaya while the property market in Subang has stagnated.

Three worth RM1.38b awarded yesterday.

While the Malaysian economy is not in a full-blown crisis, the slowdown is definitely giving many developers a headache.

Property and infrastructure developer Malaysian Resources Corp Bhd (MRCB) is close to securing a RM700 million work package for the Damansara-Shah Alam Highway (DASH) project, say sources with knowledge of the matter.

The most expensive project by far is Ara Hill Condominium, with an average price per unit at RM1.4 million.