WELL known for its enormous malls, Malaysia is a true shopaholic’s haven. From Pavilion KL and Suria KLCC to Mid Valley Megamall, the list goes on and on. Now, the nation’s favourite pastime has led to the rise of another type of shopping destination: outlet centres.

Commonly referred to as the Beverly Hills of Kuala Lumpur, Bangsar is an elite enclave, dominated by landed housing and exclusive, low-density, boutique condominiums.

This week, the spotlight falls on the secondary market of non-landed residences within the highly popular neighbourhood of Bangsar.

As many as 20% of the 1,270 Gen Y respondents (aged 20 to 38 years) admitted that being a homeowner costs more than they initially thought. What annoyed them were the hidden expenses beyond the monthly instalments, such as repairs/renovations and maintenance charges.

Gamuda expects robust property sales of RM500 million to RM520 million in Vietnam, and new overseas ventures in Melbourne and Singapore, to drive overall sales growth from FY16 to FY17.

Management has been prudent in its landbanking exercise and the company has accumulated a solid war chest, which would come in handy once opportunities arise.

Mixed views on when the economy and the property market will improve

On closer inspection, the growth in average price is derived from a lack of transactions in the relatively lower-end segment. Few observed projects displayed significant actual appreciation in capital values. 

Fewer transactions are also anticipated.

Of the top five most expensive projects, most of them (with the exception of The Troika) have smaller than average unit sizes in order to cater to different needs.