As the increase in legal fees is reasonable and not significant when compared against the property value or loan amount, it is not expected to cause a domino effect towards the rising cost of living or house prices.
SouthPlace 2 Residences will comprise 553 apartment units with built-ups from 583 sq ft, featuring one- to four-bedroom layouts.
Additionally, Low believed that the unchanged OPR is expected to help property developers with financing costs.
Interestingly, the two logistics hubs will be fully leased to their master tenant Storio Sdn Bhd, an automated warehouse operator that is headquartered at Wisma Minlon.
In a sector update on Monday (July 17), the research house said it believes property sales momentum will stay strong this and next year, with the Johor property market seeing sustainable recovery going forward.
According to the SRO 2023, the changes will “affect transactions involving non-contentious matters such as the sale and purchase of movable and immovable properties, financing and tenancies”.
The project, which includes upgrades to the existing road networks, as well as the rehabilitation of the 15-acre Sunway Serene Lake, was done in tandem with its planning for the 17-acre Sunway Serene development.
The developer will also be unveiling the Magnolia show houses on July 8 to provide its new and prospective homebuyers with a first-hand experience of the property, it said in a press statement released on July 5.
BMSPA is in its seventh instalment this year in seeking to recognise real estate that is managed with excellence and sustainability.
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