Scientex Bhd started as a local developer in Johor for more than 10 years. It has then expanded its property footprint to other states in Malaysia since 2016. Today, Scientex has its stamp in the Klang Valley, Melaka, Perak, Penang and Kedah. Focusing largely on affordable landed homes, it has successfully completed 3,900 houses.
Developed by S P Setia, D’Network was awarded for its energy conservation measures in place for its small scale and self-sufficient F&B outlets that are nestled in greenery. It was also commended for its light effects at the musical fountain and how the lake and park create a focal point for the project.
● Land size: 2,904 sq ft
● Built-up: 10,273 sq ft
● 4.5-storey corner unit
● Surrounded by Ampang Point Shopping Centre, hospitals, schools and high-rise residential projects
When: May 2021
JLL Property Services (M) Sdn Bhd country head Y Y Lau: Malaysia continues to be one of the favourite locations to construct data centres around the SEA region
President Datuk Soam Heng Choon: Getting the government to buy over the unsold units is a good exercise but one needs to be careful as well as it involves the taxpayers’ money
On May 31, 2021, the Ministry of Finance announced a seven-month extension for the HOC to Dec 31, 2021 under the government initiatives – PEMERKASA+ Stimulus Package
Real Estate and Housing Developers’ Association Malaysia (REHDA) president Datuk Soam Heng Choon: We need to give them some time to build up the stock and balance the demand and supply to see the price normalised. We are not too concerned about this
President Datuk Soam Heng Choon: We went into a lockdown from June 2021 to the end of August/September, and sales activities could only started opening up in September and October -- they can see that 2H2021 is almost a washout
The combined sales of China's top 100 developers plummeted 36% year-on-year in September