MIEA: Property investors to make a comeback

PETALING JAYA (Aug 9): Malaysian Institute of Estate Agents (MIEA) holds an optimistic outlook of the property market and believes that real estate investors will make a comeback, due to improving fundamentals under the new government and new policies to address the sector's issues.

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DONE DEAL: Gamuda Business Suites office, Kota Kemuning, Shah Alam

Sold for: RM683,000 (RM590 psf) Concluded by: Eric Mok of Ping Properties 012-388 0356 (PEA 1617) When: February 2018 Noteworthy: ● Built-up: 1,157sq ft ● Sold with tenancy ● Fully furnished as an office ● Sixth floor unit ● Completed in 2015 According to Ping Properties probationary estate agent Eric Mok, who concluded the deal, the office was sold at below market value.

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