According to the agent, the selling price for this unit is in line with the market price of RM730 to 750psf, depending on the property condition, level and view. It has a potential rental of between RM5,000 and RM6,000 per month and maintenance fee of RM0.30psf.
Bangalore has surpassed Mumbai in this respect for the first time, taking the runner up position in this residential real estate inventory overhang with only the National Capital Region (NCR) ahead of it, said JLL.
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.