Treading cautiously while remaining optimistic
Mixed views on when the economy and the property market will improve
Mixed views on when the economy and the property market will improve
The Malaysian property market is expected to see some signs of recovery by this year-end, supported by an improving local economy and market sentiment.
The eight penthouses are located across three addresses, namely Oasis by Crown Group in Ashfield, V by Crown Group in Parramatta and Infinity by Crown Group in Gree Square.
The newly-opened ss15 Courtyard shopping mall has achieved an occupancy rate of over 80%.
As affordable housing is on hot demand now, more developers have shifted their focus to this segment.
According to data provided by KGV International, only seven new non-landed projects or phases were launched in the last quarter of 2015. Two notable launches were Eco Palladium at Tebrau by Eco World Development Group Bhd and the first phase of Forest City at Tanjung Kupang by Country Garden PacificView Sdn Bhd.
“Market sentiment for the high-end condominium segment remains cautious going forward,” says Knight Frank Malaysia.
Spokesperson of CSI Properties (Cornerstone International) Virata Thaivasigamony believes that purpose-built student accommodation is an ideal investment type as it has proven to be recession-proof and is the strongest performing asset class in the UK.
About half of sales transactions for non-landed homes in the 12 months to 1Q2015 in Mont’Kiara, Kuala Lumpur were above RM1 milllion each.