Eco Grandeur mulls serviced apartment to serve tourism needs
Eco Grandeur is a 1,400-acre township first launched in 2016, with the early phases of its residential components to be handed over to buyers in September this year.
Eco Grandeur is a 1,400-acre township first launched in 2016, with the early phases of its residential components to be handed over to buyers in September this year.
The hotel industry is also facing fierce competition from short-term rental homes that are flooding the market due to a property glut.
"Hence, [CIDB committee members] have suggested that the Ministry of Finance allocate RM15 million at the upcoming budget (as incentives)."
In Greater Kuala Lumpur (comprising KL city and Klang Valley suburbs), the total retail supply increased by 2 million sq ft or 3.1% year-on-year (y-o-y) to 64.3 million sq ft last year, mainly due to the completion of seven new malls.
Designed in standard contemporary European style, SPACES Platinum Sentral will house 1,128 dedicated desks and five meeting rooms. Membership fee starts from RM210 per month.
Sold for: RM1.8 million (RM983.61 psf); Concluded by: Amy Chia (REN 05534) of Cornerstone Realty (012-289 7265); When: May 22, 2019
“Regular checks also need be conducted to ensure that the RTO units are not being sub-leased out”.
“In Penang, the first phase of our integrated shopping centre will offer a unique tenant mix to deliver something for everyone…”