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“Strata-based developments are becoming more common in urban or semi-urban areas such as Kuala Selangor.

“The land has an upside potential in terms of capital appreciation as it is strategically located in the Kulim area and is only 3km away from KHTP, a mega international industrial scheme that is expanding rapidly.

The Edge Malaysia-PEPS Value Creation Excellence Award recognises the property with market value that has appreciated the most during the period judged.

Altora has recorded an 85% take-up rate following its launch on Oct 15.

According to a Bloomberg report, purchases “may more than double”.

“We asked Rehda why many developers were not building affordable housing to meet demand and were informed that there were many factors beyond their control, such as the rising cost of building materials,” Selangor housing, urban wellbeing and entrepreneur development committee chairman Rodziah Ismail.

A back-of-an-envelope calculation, based on Eonmetall's closing price of 72 sen on Oct 31, indicated that the block would have cost Chuah RM14.

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The committee’s final interest rate hike of 2022 was in line with Bloomberg median economist expectations and marked the fourth consecutive 25bps hike of this year, translating to a year-to-date increase of 100bps.

REKA Conference 2022 chairman Joe Chan said: “So much has evolved within the industry over the past two years and the conference provided a valuable opportunity for our interior design fraternity to gain insights from these top minds into the latest trends and innovations, and apply these ideas into their own works as we collectively aspire to scale new heights in Malaysian interior design.