Email us your feedback at fd@bizedge.comWhile some may choose to buy and sell properties to enjoy capital gains, there are those who prefer to just rake in the rental income. With over 150 properties for rent, Hai Soon Properties is probably among the landlords with the most number of properties for rent in Penang.

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By Venus Hew
Email us your feedback at fd@bizedge.com

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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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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