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).
The quality of life should be improved, he reiterated, saying that commercial and residential buildings were being built at a feverish pace, but there were not many green spaces which should be accessible to people from all segments of society.
So what’s driving the demand and rental of PJ office spaces? Industry experts who spoke to EdgeProp.my attributes the success of the market to several factors, namely the limited office space supply, the affordable rents for good building quality, proximity to a good talent pool of workers and easy access to public transport.