Malaysia's property sector poised for sustainable growth in 2023, says Knight Frank
The residential property market staged a strong rebound in 2022 with a 22.
The residential property market staged a strong rebound in 2022 with a 22.
Minister of Natural Resources, Environment and Climate Change Nik Nazmi Nik Ahmad: The repercussions of climate change are being seen worldwide, including recent heatwaves that have affected many Asian countries, increasing sea levels, and more regular flooding in our backyards.
The demand for warehouse space remains high, with manufacturers being the main drivers as they expand their logistics space.
With the adoption of a hybrid workplace, companies are also looking for space that offers greater flexibility of space planning.
Apart from that, rentals for condominiums in Singapore grew 32% annually in the first quarter of 2023, while the government has also imposed a steeper stamp duty starting April.
As the increase in legal fees is reasonable and not significant when compared against the property value or loan amount, it is not expected to cause a domino effect towards the rising cost of living or house prices.
The group is selling the property, via its wholly owned unit Metro Envy Sdn Bhd, to Gorgeous Arena Sdn Bhd (GASB), Tex Cycle said in a filing with Bursa Malaysia.
Additionally, Low believed that the unchanged OPR is expected to help property developers with financing costs.
In a sector update on Monday (July 17), the research house said it believes property sales momentum will stay strong this and next year, with the Johor property market seeing sustainable recovery going forward.
The project, which includes upgrades to the existing road networks, as well as the rehabilitation of the 15-acre Sunway Serene Lake, was done in tandem with its planning for the 17-acre Sunway Serene development.