News by Natalie Khoo

“In designing the houses for the young homebuyers, it’s not just about reducing the price, but also designing houses that suit their needs, from layout to infrastructure and amenities within the township.”

In Malaysia, the property development sector is among the more high-profiled casualties. In fact, it was like a double blow as the property market had been generally on the decline when the pandemic hit.

So when EcoWorld announced last week it had raked in RM1.32 billion in sales in 2Q2021 ended April, the market sat up.

Data showed that Sydney prices gained another 2.6%, to be up 15.0% on a year ago, while Brisbane added 1.9% and Adelaide 1.6%. Melbourne rose 1.5% even though the city was locked down for much of June.

Amongst the upcoming planned launches include Tower E of M Vertica, Cheras, remaining phases of M Arisa, Sentul, Phase 2 of Cerrado Suites and Tower B Sensory Residences at Southville City in Bangi, Phase 3 of M Aruna and M Panora in Rawang, M Senyum in Bandar Baru Salak Tinggi, Sepang and double storey link homes in Meridin East, Johor Bahru.

Noteworthy:
● Freehold
● Built-up: 3,700 sq ft
● Semi-furnished
● Four bedrooms; four bathrooms
● Facilities: Cafeteria, club house, gymnasium, sauna, squash court, swimming pool and tennis court

When: April 2021

Muhyiddin announced a six-month blanket loan moratorium under the PEMULIH initiative to be given to all individual borrowers equally.

They have forwarded many submissions pointing out that the threshold to exit each phase is arbitrarily based on set absolute numbers of Covid-19 cases without any scientific basis.

EcoWorld International president and CEO Datuk Teow Leong Seng said that apart from an increase in contracts exchanged (SPAs signed), the reservation pipeline has also been growing, a sign of markedly improved sentiment

Group president and CEO Datuk Chang Khim Wah: This encouraging result, currently driven mostly by local business owners and industrialists, suggests that there are sectors of the Malaysian economy that are continuing to grow even amidst the challenges posed by Covid-19

It will be an integrated facility that comprises an office, showroom, central monitoring station, training centre, workshop and warehouse that showcases the use of solar PV as RE to power commerce and industrial buildings.