Prima Properties Management Sdn Bhd may be an unfamiliar name in the local building fraternity but this developer has set its sights on becoming a major property player in Malaysia’s information and communications technology (ICT) hub Cyberjaya.
As I stood on the second floor of ONE KL, the latest addition to the high-end condominium market in the Kuala Lumpur city centre, a refreshing breeze made me wonder why we don’t experience this more often in Malaysia, where the heat can be rather unbearable.
The year 2009 began on a gloomy note around the globe but as it comes to a close, some property markets have begun showing signs of recovery from the global economic turmoil although some property experts remain cautiously optimistic on the outlook for 2010.
The world of “Lights! Camera! Action!” and paparazzi may seem incongruous with property investment but not for Malaysia’s enterprising young stars. Some of them have already invested in real estate while others are scouting around for good buys.
KUALA LUMPUR: Malaysian residential property is presently at its most affordable, said Minister of Finance II Datuk Seri Ahmad Husni Hanadzlah.
Affordability has never been better as banks continue to support the market with very attractive mortgage rates to as low as BLR -2.4% in some cases.
KUALA LUMPUR: Giant, a hypermarket retailer under GCH Retail (Malaysia) Sdn Bhd, is set to open a store in Sibu, by the middle of next year.
The ground breaking for the RM12 million hypermarket project will be held Saturday Jan 23 and is expected to be ready in June next year. It will be the first Giant hypermarket in Sarawak.
KUALA LUMPUR: Ho Hup Construction Co.