“For now, the priority is to review and relook at the things that we have done best. KLCCP Stapled Group has a list of premium properties in prime locations, such as Petronas Twin Towers and Menara 3. These two properties have 100% occupancy rate and have recently secured extended triple net leases (TNL) for another 15 years.”
While bad times are inevitable for all segments in the real estate industry, CEO of KLCCP Stapled Group Md. Shah Mahmood chooses to stay positive and to look at things that they can do to improve the conditions of the buildings and be prepared for the recovery path. “Eventually the borders will reopen and people will be able to travel again. We have to make sure our buildings are safe to welcome their return.”
“Moving forward, Berjaya Land will be unveiling more affordable housing projects that cater to the mass market. There are 250,000 people who are looking for affordable homes.”
There are two options before you: An old property located in a matured area, or buy a new property in an upcoming township that promises an array of exciting lifestyle offerings.