Property market showed signs of recovery in 1H, but office and retail sectors face challenges — Napic
Napic said the overall overhang situation improved in 1H2022, down by 7.
Napic said the overall overhang situation improved in 1H2022, down by 7.
“If Pasir Gudang becomes a district of its own, we can shift some development into the area, which is currently more focused in Johor Bahru.
“Interest rate hikes do not seem to have a significant impact on new home sales”.
All Westlite PBWA assets in Malaysia are in compliance with the new regulatory specifications set out in the Workers’ Minimum Standards of Housing and Amenities Act 2019 (Act 446).
Man Sing said the disposal of the land is in line with the group’s strategy to focus more on its "M-Series" type of residential land for development of affordable properties.
The first phase of M Panora, made up of Phase 1A and Phase 1B, comprises a total of 247 units of double-storey super link homes, with a total gross development value (GDV) of RM188 million.
"The tools provided by the EdgeProp platform system, on top of our enterprise resource planning system, will allow our agents to achieve the goal of closing deals easily and conveniently.
KSL said it will entail 628 units of residential properties and is expected to commence in 2024 and spread over a period of eight to 10 years.
The contract is for a period of 10 months, from Sept 22, 2022, to July 22, 2023.
The department store operating on the properties has been suffering losses due to the weakening spending power of local residents as well as the adverse effects of Covid-19 mitigation policies on the retail business.