For the Klang Valley region, the report has noted that the market performance in 2021 had been subdued by the pandemic. Yet, during the downtime, property developers have used the time to increase their assets while other sectors within the property market look to reinvent themselves in order to survive the challenging times. 

Astaka Holdings executive director and chief executive officer Khong Chung Lun said that this is the company’s second MoU for a joint development project this year. 

“The virus titers of novel coronavirus (SARS-CoV-2) and its four variants were compared in a 45-litre test space with and without exposure to nanoe. As a result, the test confirmed an inhibitory effect of more than 99% activity of adhered viruses from all five types of viruses after two hours of exposure.”

According to the report, the continued political instability caused the forecast for the investment segment in 2022 to be sluggish. Sluggish recovery is also expected for the retail and office sectors, leaving only the residential market for bright recovery thanks to the property-related incentives under Budget 2022.

At the corporation’s outlook briefing on Wednesday (Jan 26), PKNS CEO Datuk Mahmud Abbas (pictured) said: “We are excited to roll out our development plans for 2022 and to see growth both economically and socially in the state of Selangor.”

There will be 2,960 units of serviced apartments with built-ups of between 400 sq ft and 600 sq ft, as well as 252 units of apartments for existing owners and residents of Kampung Baru properties, as part of their entitlement under the terms and conditions of the project.

Noteworthy:

• Freehold
• Built-up: 3,000 sq ft
• Land size: 4,271 sq ft
• Five bedrooms, five bathrooms
• Unfurnished
• Amenities: A range of F&B outlets just outside the development, 6-min drive to Melaka Hospital, 15-min drive to Melaka town with nearby primary and secondary schools within the vicinity
• Facilities: BBQ area, 24/7 security system, jogging track, playground

When: July 2021

She said with artificial intelligence (AI) technology incorporated into the building fabric, energy used to power lights, air conditioning and other electrical equipment can be tuned automatically based on the weather and number of people inside the building.

Currently, the plan to move the residents to PPRs is in a distant location. Community Development Leader (PPM) Reduan Aklee disagreed with such a plan. Instead, he suggested LPPB relocate them to nearby PPRs.

The group said the 18-month project will start on Feb 14. It did not disclose who awarded the project to the company.