The recently launched mixed development in Bukit Jalil is called The Tropika. Over 800 people showed up for the Feb 23 launch which has seen 60% of the condominium units in Tower A snapped up in less than a week.
The reclamation works for STP2A are progressing well with 97% completion today (based on two metres above sea level) and on track for completion by year-end and the first launch by mid-2020.
Many say it is difficult to cope with IBS’ high start-up cost amid demands to lower property prices.
It is worth noting that Malaysia is even behind some Asian countries often presumed to have smaller dwelling units, such as Japan (379 sq ft), Taiwan (370 sq ft) and South Korea (357.4 sq ft).