Homebuyers and investors remain cautious in Kota Kinabalu
THE Kota Kinabalu property market continued to be cautious in 3Q2015 with residential property values in selected segments remaining stable.
THE Kota Kinabalu property market continued to be cautious in 3Q2015 with residential property values in selected segments remaining stable.
KOTA KINABALU (Nov 27): S P Setia Bhd is targeting to launch products worth more than RM1 billion in gross development value (GDV) in Aeropod, Kota Kinabalu next year.
KUALA LUMPUR (Nov 27): Casablanca Residence @ Off Jalan Kelombong in Kota Kinabalu, the latest residential development project by Sabah-based developer Kinsabina Sdn Bhd, has achieved a 70% take-up rate since its launch last Saturday.
KOTA KINABALU (Nov 16): Property prices in Kota Kinabalu’s city centre have shot up as land becomes more scarce and expensive, said Sabah deputy chief minister and state industrial development minister Datuk Seri Panglima Raymond Tan Shu Kiah (pictured) at the Malaysian Secondary Property Exhibition (Maspex) Sabah 2015, which ran from last Friday till yesterday.
KOTA KINABALU (Nov 13): The inaugural Malaysian Secondary Property Exhibition (Maspex) Sabah 2015 – which runs from today until Sunday at Suria Sabah Shopping Mall – will offer 36 booths showcasing 3,000 properties in the secondary market worth over RM1.
SCP Group recently launched Phase 1 of Cheras Traders Square in Cheras Selatan, Kuala Lumpur, and it is looking to launch the RM1 billion Phase 2 by next year.
The cautious market seen in Kota Kinabalu, Sabah, in the second quarter of this year is expected to continue in the third quarter with limited price growth in the secondary market, especially for high-end condominiums in the city centre.
KUALA LUMPUR (Aug 12): The weakened ringgit has spurred increased interest from foreign buyers in Kota Kinabalu’s property market, particularly for luxury properties priced at RM1,000 psf and above, and prime land in the city area, according to Knight Frank Malaysia Real Estate Highlights 1H2015.
PETALING JAYA: The Mercure Hotel in Kota Kinabalu that offers a sale and leaseback scheme has received overwhelming response from local and foreign investors, with 120 suites already taken up.
PRICES on the Kota Kinabalu secondary market are expected to continue rising, albeit at a slower pace, in the coming months.