News by Racheal Lee

Occupying a 5.28-acre freehold parcel, Jernih Residence will offer 1,605 serviced apartment units in two blocks and 41 retail units on Levels 1 and 2. The residential units will come in four sizes — ranging from 550 to 850 sq ft — and are priced from RM270,000, or an average of RM500 psf. Most units, except some 850 sq ft units, will have one parking bay each.

The programme will enable qualified potential homeowners to take advantage of HouzKEY’s 100% financing without the need for down payments and with low monthly payments with its competitive home financing rates. There will also be zero payments required during the project construction period.

It is Mitsui Fudosan's first LaLaport mall in Southeast Asia, which is under its Malaysian subsidiary MFBBCC Retail Mall Sdn Bhd — a company among UDA Holdings Bhd, Eco World Development Group Bhd and the Employee Provident Fund.

“Tropicana Industrial Park is situated in a prime location and enjoys unparalleled connectivity. Investors will be pleased to know that we provide a whole host of infrastructure, conveniences, and facilities. We are confident the plots will see swift take-up,” Lee added. 

Viewings and market valuation appraisals also move ahead of the five-year average for the first time in 2021.

Lendlease has promoted Justin Gabbani (pictured) as the group chief executive officer (CEO), Asia based in Singapore, to succeed Tony Lombardo who was made the group CEO in February

Boustead Properties Bhd senior general manager for property management and investment Jazmi Kamarudin: We look forward to the creation of a prominent new landmark that will inject greater livability into Mutiara Damansara

CEO Ong Ghee Bin: We continue to see strong interest in the market especially among first-time and value-oriented home-seekers, and demand is high for reasonably priced new homes within the locale with well-designed facilities

The overall situation for the residential sector is expected to continue to be challenging as the pandemic has yet to be brought under control.

While 2020 has been a difficult year due to the Covid-19 pandemic, Savills Malaysia expects new norms to continue in 2021 and all businesses will have to continue to deal with the evolving market trends. It sees opportunities amid these changing markets.