DONE DEAL: Serviced apartment, Shaftsbury Avenue, Putrajaya, Selangor
Rented for: RM1,700 per month (RM2.
EcoWorld: Award for Karisma Apartment a motivation to excel
PETALING JAYA (June 26): To Eco World Development Group Bhd (EcoWorld), seeing their projects win awards is the greatest motivation for the developer to continue to excel themselves in the industry, said EcoWorld Malaysia president & CEO Datuk Chang Khim Wah.
DONE DEAL: Serviced apartment, Kiara Designer Suites, Mont'Kiara, KL
Sold for: RM690,000 (RM548 psf) Concluded by: Ashley Haw (REN 05137) (011-1289 3610) of Kith and Kin Realty Sdn Bhd When: December 2019 Noteworthy: ● Freehold ● Built-up: 1,259 sq ft ● 3 bedrooms; 2 bathrooms ● Fully furnished unit ● Facilities: tennis court, gym, mini market, sauna, swimming pool and BBQ area.
Soft launch of Perla @ Ara Sentral gets good response
PETALING JAYA (June 11): Public transport operator Prasarana Malaysia Bhd serviced apartment project Perla @ Ara Sentral in Ara Damansara, Petaling Jaya has secured 70% bookings since the project's soft launch in February 2020.
DONE DEAL: Serviced apartment, Villa Seavoy, Titiwangsa, Kuala Lumpur
Rented for: RM4,200 (RM2.
Residential overhang up 10% if serviced apartments are included
PETALING JAYA (May 1): The absorption of commercial-titled residences, mainly serviced apartments and SoHos, is posing a challenge to the market as seen from the significant increase in the number of overhang units of this property type in 2019.
Penang reduced serviced apartment overhang by 50% in 2019
PETALING JAYA (April 30): The number of Penang's serviced apartment/SOHO overhang units has decreased by 51.
Serviced apartment prices under pressure as supply surges
PETALING JAYA (April 30): Luxury serviced apartments in certain locations in the country have seen their market prices reduced by up to 14% amidst rising supply in the market.
