By Venus Hew
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The secondary market for condominium homes in the Klang Valley has quieten down recently with buyers and investors favouring hotspots with proven capital growth such as Mont’Kiara, Bangsar and Kuala Lumpur City Centre, according to real estate agents familiar with the condominium sales market. However, despite the slowdown, prices have been maintained.

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PROPERTY developer Mah Sing Group Bhd has swept three awards out of seven categories at the Euromoney Liquid Real Estate Awards 2008, including the highest honour of “Top Developer Overall Malaysia”.

The other two awards were “Best Office/Business Developer Malaysia” and “Best Mixed-Use Developer Malaysia”.
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By Sharen Kaur
sharen@nstp.com.my

THE market for residential properties has softened since the beginning of this year and is likely to continue into 2009, market experts say. The potentially negative influence on the sector is supply, said real estate valuer Regroup Associates Sdn Bhd executive chairman Christopher Boyd.

In a recent survey undertaken by Regroup, it showed that there is an existing supply of 19,183 condominium units in Kuala Lumpur, with 13,902 units more under construction.
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Am not that familiar with Singaporean real estate market other than kept reading about the ridiculously high transacted PSFs, but now it seems that the market is taking a breather…perhaps a correction is in place. Being a keen follower on SDB’s niche product offerings, I recently picked up a brochure on their first foray into the hot (or cooling?) Singaporean property market via it’s JIA located at Wilkie Road.

JIA, home in Mandarin, is a very low density apartment development with only 22 units in a seven-storey development on 17,000 sq ft with an average price of S$1,637 per sq ft. Prices begin at S$2.1mil for a two-room apartment and goes right up to more than $S5mil for a duplex (exchange rate: S$1 to RM2.4). There are also three-bedroom units. Three of the 22 units come with private gardens of varying sizes. The two-room unit with garden is priced at S$2.8mil.

More photos & brochure scans after the jump.

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KUALA LUMPUR: Sunway City Bhd (SunCity) will delay the launch of its real estate investment trust (REIT) to next year on current weak market sentiment, says HwangDBS Vickers Research.

 

“We expect the REIT to be delayed again but it should be at a better value,” it said in a report yesterday.

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