Some developers might be deterred by the sluggish property market by pushing back their launches but Sunway Property, the property development arm of Sunway Bhd, sees opportunities in the downturn.
"The buyers are advised to avoid obtaining more credit, which may not be sustainable in the long term, and over-stretching themselves financially."
“The understanding is that by December the two countries should have completed the negotiations.”
Developer to build new townships in North KL
"We are seeing an unnatural increase of rental at [the] George Town Unesco site and the tenants had been complaining that they had suffered more than 500% hike in rental for several years, which had forced them out, leaving their business."
Berkeley Group, a property developer from the UK, will be launching the first phase of its Queenshurst apartments in Kingston upon Thames, London, in Malaysia today.
The Summit Subang USJ Management Corp will to refurbish the Summit Hotel Subang USJ in order to maintain its four-star rating.
"The aim is to speed up any process related to land affairs, secondly is to become a mechanism to expedite land dealings between industry and investors and thirdly, to provide heavier penalties against those who violate the relevant laws."
OCR Land Holdings Sdn Bhd will launch The Pano — a residential and retail development at Jalan Ipoh Batu 3 in Kuala Lumpur, by end-September — said sales and marketing director Emily Ong.
About 36.2% of people surveyed by TheEdgeProperty.com believed that prices of properties will decline in the next 12 months, citing factors such as the current dampened economic sentiment, oversupply and lending curbs.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
