News by Tan Ai Leng

Rented for: RM6,600 (RM4.40 psf); Concluded by: Carol Tong (REN 34423, 014-683 2968) of Kith and Kin Realty Sdn Bhd; When: January 2020

Sold for: RM2.65 million (RM495.50 psf); Concluded by: Janice Ng (REN 01627, 012-316 1383) of Tech Realtors Properties Sdn Bhd; When: December 2019

In the three-minute video, dental surgeon Pfundheller who calls himself an international traveller lauded the government’s quick action to curb the spread of the disease.

Savills Malaysia associate director of retail services Murli Menon: Even now, with proper screening and physical barriers - such as individual cubicles or plastic barriers like what we are already seeing overseas, F&B operators could open for business. In fact, we observed that since the beginning of the CMCO, the F&B sector has recovered better than other retailers 

Sold for: RM2 million (RM444.40 psf); Concluded by: Amy Wong (REN 30799) (018-354 0010) of IQI Realty Sdn Bhd; When: February 2020

Rented for: RM5,000 (RM3.03 psf); Concluded by: Jessica Tung (REN 05827) (012-381 7783) of Propnex Realty Sdn Bhd; When: February 2020

Sold for: RM740,000 (RM449.60 psf based on land area); Concluded by: Wennie Liew (REN 16099) (012-233 3013) of IQI Realty Sdn Bhd; When: September 2019

The 2019 Property Market Report stated that unsold and not constructed serviced apartments have been reduced to 7,659 units in 2019 from 12,864 units in 2018.

Defined as units that have received their Certificate of Completion and Compliance but remained unsold for more than nine months after launch, the high number of overhang units has dampened the property sector in Malaysia in recent years.

Certain states that saw significant new supply have caused high-end serviced apartment owners to cut asking prices.