PROPERTY SNAPSHOT 2: What’s affordable in Sentul?
• While the Sentul Masterplan urban renewal continues, the rest of the neighbourhood remains a low to mid-end market, comprising primarily dated apartments and condominiums.
Desa Kudalari condominium may make history again with Malaysia’s first en-masse sale
PETALING JAYA (April 4): Tan & Tan Developments Bhd’s Desa Kudalari condominium – Malaysia’s first condominium when it was completed over 30 years ago – may break new ground once more as it is likely to become the country’s first strata property to be sold on an en-masse basis.
UEM Group, MMC Corp seen among Pan Borneo highway contenders
KUALA LUMPUR (April 4): AmInvestment Bank said it does not preclude the possibility of seeing Peninsular-based contractors being invited to set up joint ventures (JVs) to bid for jobs, after The Edge Weekly reported that UEM Group Bhd, MMC Corp Bhd and Warisan Tarang Construction Sdn Bhd are teaming up for the Sabah portion of the Pan Borneo Highway.
Imbalanced property market may have negative repercussions – Part 1: Housing segment
AN undersupply of affordable housing, particularly in major urban areas, coupled with an oversupply of office and retail spaces, may lead to deeper imbalances in the property market, says Bank Negara Malaysia in its 2015 annual report, which was released recently.
If can’t afford to buy, why not rent?
KUALA LUMPUR (April 4): Dissatisfaction over expensive home prices has been escalating in Malaysia in recent years, with prices now reportedly beyond the reach of an average worker in key states like Kuala Lumpur and Penang.
MRCB’s Penang Sky Cab to begin construction in 1Q2018
GEORGE TOWN (April 4): Malaysian Resources Corp Bhd (MRCB)’s Penang Sky Cab, a 4.
Shift to affordable sector may strain developers’ margins
KUALA LUMPUR (April 4): The shift of focus to affordable housing below the RM500,000 per unit range, which has been seeing more resilient demand than higher-end properties, may strain the margins of developers, especially those who are not traditionally involved in this housing category, said Kenanga Investment Bank.
Making Kuching a vibrant and dynamic city
WHEN Alfred Russell Wallace worked on his theory of evolution through natural selection following his explorations of the Malay Archipelago in a small hut not far from what is now Sarawak’s capital, Kuching, he noted how much of the state was unreachable due to its hilly terrain and dense forests.
Penang’s affordable homes to steal limelight, APDL delay causes concern
THE Penang housing market will see houses on the secondary market and in new projects priced below RM450,000 hogging the limelight in the coming months, says Raine & Horne International Zaki + Partners director Michael Geh (pictured, below).
