The data showed out of a total of 56 housing markets tracked, 27% recorded an annual decline in price where else back in 2011, over 44% of housing markets fell into this bracket.
Amcorp Properties (AmProp) stands to benefit from the weak ringgit given that the returns on its London projects will increase with the appreciation of pound sterling against the Malaysian currency.
In addition to residential apartments,the A$575 million mixed-use development will also have 75 luxury serviced apartments.
UDA Holdings Bhd intends to redevelop Kompleks Niaga Utama (KNU) in Bangsar into serviced apartments, with a gross development value (GDV) of more than RM250 million.
They comprise domestic private developers, government-linked companies and foreign parties, either submitting independently or as a consortium, Danny Yeo, CH Williams Talhar and Wong (WTW) deputy managing director said.
The two new projects are Raintree Park 2, which comprises duplex villas, 2-storey terraced homes and semi-detached houses (GDV: RM205 million), and Avenue Garden on the mainland, a 17-storey service apartment with 312 residential units (GDV: RM95 million).