Malaysia’s residential overhang improves in 3Q2022
The majority of the total residential overhang units are those priced between RM500,000 and RM1 million at 31.
The majority of the total residential overhang units are those priced between RM500,000 and RM1 million at 31.
As the SPA had lapsed, UEM Sunrise said the vendor Nipponkey Sdn Bhd will refund its indirect wholly owned subsidiary Lucky Bright Star Sdn Bhd the deposit, including any interest accrued, within 14 days.
With units priced from RM350,000, the freehold project is offering 463 medium-range apartment units over two blocks, of which 50% were already taken up during its recent soft launch on Jan 28 and 29.
DONE DEAL: Three-storey link house, Kepong, Kuala Lumpur DONE DEAL: Condominium, Subang Jaya, Selangor Located in the luxurious enclave of Bukit Tunku, Kuala Lumpur or formerly known as Kenny Hills, this area houses posh condominiums and villas alongside a myriad of amenities.
The contract involves Phases 2B and 2C of the STP reclamation project in Tanjung Tokong, Penang KUALA LUMPUR (Feb 7): Kerjaya Prospek Group Bhd has accepted another contract for the Seri Tanjung Pinang (STP) development in Penang, this time worth RM398 million, for the construction of coastal protection structure.
The group said it is acquiring the stake in Gplex Properties Sdn Bhd from Googolplex Holdings Bhd, which will still own the other 49.
“Through the programme, the government’s aim should be to help the industries and the nation’s economy recover, so companies can offer more jobs to more workers and be profitable to pay taxes.
Market will grow as there is stability in the country Secondary market is expected to perform from pent-up demand The Malaysian property market is expected to improve in 2023 as long as the fundamentals and government’s support through incentives are in check, according to the Malaysian Institute of Estate Agents (MIEA).
The combined proceeds raised from these three rounds of disposals — RM234.
IJM said that throughout his 27 years of service with IJM, Lee had held a variety of executive, operational and project leadership roles.