Property Chat: Assessing the health of the Malaysian housing industry
How much room for investing opportunities are there in the Malaysian housing market in the post-Covid-19 era? Let’s find out.
How much room for investing opportunities are there in the Malaysian housing market in the post-Covid-19 era? Let’s find out.
The average house price in KL for the year 2000 was RM245,249 and RM708,812 in 1Q2021, with a 5.6% average annual change over the 20 years. The most significant yearly change is in 2012, with a 17.48% increase. There were continuous declines in the pattern of price growth for 2018, 2019 and 2020 with -4.53%, -12.76% and -4.13%, respectively.
Currently most of the cloud kitchen operators are in the Klang Valley, consultant seeing the operators are planning to expand into other cities like Johor Bahru and Penang.
According to the findings by Knight Frank Malaysia, the rental of workers’ accommodation could be as low as RM155 per bed a month, up to RM300 per bed a month, depending on the service packages (including utilities, transportation, food caterings and periodic health screenings), location of PBWA and adherence to local or international standards.
Since the amendment of Act 446 came under enforcement last year, there is a surge of demand on workers’ dormitories that fit the requirements. However, the main problem is there is not enough supply to meet the demand as the business owners did not expect the Act to be enforced on such short notice.
Selling it was always an easier option than restoring the building. But bringing back the beauty of the building and leaving a part of history for Penangites and our children was a quest worth going into. We wanted to bring back the former glory of this stately building,” said Datuk Ooi Sian Hian.
Over time, all metals (except gold) rust when exposed to water (H2O) and air (O2). We all know how quickly cars become rusted when exposed to a coastal marine environment. Steel corrosion is irreversible and permanent.
Unprotected steel structures are exposed to the elements, which may lead to corrosion, and this will affect the structural integrity. Hence, it is important to apply tried and tested protective coatings for longevity and reduced maintenance costs, in addition to enhance the structure to prevent it from rust.
Through the collaboration with Panasonic, WORQ has learned about the nanoe™ X technology. Not only is the technology able to inhibit 99.99% of the SARS-COV2 virus which causes Covid-19, but it is also Helps to deodorize and moistures the air in the room. This provides more reason for people to get back to work in a safe place where they can work productively with peace of mind.
Today, TemasyaGlenmarie is a mature mixed development that consists of industrial, residential and commercial property components. It is also amenities-rich with an international school, a mosque and dedicated light rail transit (LRT) stations, as well as a golf club that is nearby the township. Adding into the list soon is an upcoming integrated development – Temasya Prisma, which is expected to be completed in the fourth quarter of 2025.