IN THE second half of 2014, Kota Kinabalu saw few launches across all sectors with most developers focusing on the sale of leftover units from earlier launches. However, the overall outlook continues to be optimistic in the medium to long term, according to Knight Frank’s Kota Kinabalu Market Outlook for 2H2014.

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OVERVIEW

The year 2014 was challenging for the property market because of the imposition of cooling measures and more stringent bank lending policies, among other factors. However, properties with a good concept, in a good locale and at reasonable price points generally fared well. The year recorded a lower transaction volume but saw stable demand across the board.

WHILE Malaysia’s property market has gone through many ups and downs over the past few decades, house prices have continued their upward march. There are fears that the situation is getting out of control.

WHEN the going gets tough, the tough get going”, the old adage goes. Looking at Malaysia’s track record, it has come a long way since independence, having survived several economic downturns.

AFTER losing its lustre over the centuries, the once regal Star and Garter Hotel in Richmond, London, will soon be restored to its former glory. Undertaking the project is developer London Square, which will spruce up the heritage building that was a grand hotel in the 18th century. Originally though, it was the residence of King Henry VIII in the 16th century.