By Venus Hew
Email us your feedback at fd@bizedge.comThe 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.
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”.
(more…)
By Sharen Kaur
sharen@nstp.com.myTHE 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.
(more…)
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.
Order book of RM1.14bil to keep it busy until 2011
KUALA LUMPUR: Ireka Corp Bhd, whose construction order book has surpassed the RM1bil mark, has a “healthy buffer against the volatile prices of raw materials,” said group managing director Lai Siew Wah.
With an order book worth RM1.14bil, the company would be kept busy through to 2011.
You are currently browsing the archives for the Property News category.
