KUALA LUMPUR: Up to 7 million sq metres of planned shopping centre development in Europe has been put on hold or cancelled as a result of the global credit crunch, said global real estate adviser Cushman & Wakefield.“The downturn in the development market is mainly due to the difficulty in securing finance for schemes. This is exacerbated by many retailers being cautious in their expansion
Sales of bungalows in the Klang Valley, including those in prime areas, have slowed in the secondary market in line with the slight drop in sales and rents of landed homes in the Klang Valley since October last year.
Participants at The Edge Investment Forum on Real Estate 2009 sat up when Stephen Tew began his presentation by urging the 600-strong crowd to “Get ready to get rich!” He definitely got their attention. Tew might have been a litle dramatic but in essence, his optimism was generally shared by the panel of speakers.
City & Country randomly monitored condominiums up for auction from January to February with a minimum reserve price of RM250,000. These were located mainly in the Klang Valley.Auction houses have not seen a spike in the number of properties up for auction so far despite the gloomy economic climate.
Due to time constraints, speakers at The Edge Investment Forum on Real Estate 2009: 'Residential property values: How low can we go?' were unable to take all the questions from the floor. Participants were invited to send in additional questions and indicate to whom they were directed.
Recession or not, the Klang Valley will remain the country’s top growth area, with the focus on the Kuala Lumpur and Petaling Jaya areas, said Ho Chin Soon, master mapmaker and principal of Ho Chin Soon Research Sdn Bhd.According to Ho Chin Soon Research’s Locational Centre of Gravity Map, Petaling Jaya New Town is the centre of gravity because of its infrastructure developments and accessibili
The generous use of raw materials such as mesh wire, concrete blocks and glass all through the house give it a spacious and sleek modern feel. This 2-storey intermediate linked house in Taman OUG, Kuala Lumpur was chosen the gold winner for the terraced category in last year’s haven/The Edge My Dream Home Contest.