Kota Kinabalu house prices rise at a slower pace
AMID cautious market sentiment, house prices in Kota Kinabalu continued to increase in 4Q2015, but at a slower rate, says Rahim & Co Sabah branch manager Max Sylver Sintia (pictured, below).
AMID cautious market sentiment, house prices in Kota Kinabalu continued to increase in 4Q2015, but at a slower rate, says Rahim & Co Sabah branch manager Max Sylver Sintia (pictured, below).
THE capital of Sabah, Kota Kinabalu, still boasts the remnants of fresh markets and fishing jetties, although a number of shopping malls and high-rise developments laid claim to the city centre and its surroundings.
Bounded by the South China Sea to the west and the Crocker National Range to the east, land here is scarce.
This week’s spotlight falls on the secondary market for non-landed residences in Kota Kinabalu, Sabah.
SABAH, in particular its capital Kota Kinabalu, was not spared the effects of the cooling measures introduced to curb escalating property prices, resulting in a slower property market last year, with fewer transactions and launches.
PETALING JAYA (Jan 30): Despite a slowing property market, two and three-storey terraced houses in Kota Kinabalu (pictured) have become increasingly popular, especially among first-time homebuyers and young families, said Knight Frank Malaysia (Sabah branch) research executive Welton Chin.
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.