Property slowdown may not be just a sectoral problem
PROPERTY market cycles come and go, but with prolonged weakness, the current slowdown could point to a much larger economic issue.
PROPERTY market cycles come and go, but with prolonged weakness, the current slowdown could point to a much larger economic issue.
• Today, we continue our focus on Kota Damansara by looking at average prices on a per square foot (psf) basis.
ISKANDAR PUTERI (June 7): Property developer UEM Sunrise Bhd has handed over 20 keys to owners of the Bayu Nusantara affordable homes in Iskandar Puteri (formerly known as Nusajaya) at Iskandar Malaysia, Johor, the group announced in a press release today.
Eastern & Oriental Bhd (June 6, RM1.
PENANG-based developer Ideal Property Group plans to launch RM2.
• Originally developed by the Selangor State Development Corp (PKNS), properties in Kota Damansara remain relatively affordable.
KUALA LUMPUR (June 6): Global Oriental Bhd's 51%-owned unit Sering Manis Sdn Bhd (SMSB) plans to acquire 113.
PETALING JAYA (June 6): Gamuda Land, the property arm of construction group Gamuda Bhd, aims to launch its first Australian project — 661 Chapel St in Melbourne — Down Under in the third quarter of this year, said the developer’s chief operating officer Ngan Chee Meng.
JOHOR BAHRU (June 6): A property agent here has found out the hard way that it does not pay to cheat clients.