News by EdgeProp.my

If we were to include serviced apartments into the calculation of residential overhang today, it will reveal the fact that the overhang problem in the country has not been eased but intensified over time.

Sunny Ng: I may be moving to Malaysia eventually if the situation in Hong Kong gets worse. I know about MM2H but I don’t plan to apply for it yet.

Christine Pun: It is not true to say that the protest is the sole reason for us to move to Malaysia, but it is what affirmed our decision to apply for the MM2H visa. Our original intention in moving to Malaysia was for a better education environment for our only daughter.

Starcity Global managing director Florence Ten: Good quality and affordable international school fees have always been the main pull factor, even now at this tough time. Some of them did not feel the urgency to apply for the visa maybe because their children were still young, so the application could wait. But so many things have happened recently in Hong Kong, which have pushed them to make a decision earlier.

Sold for: RM2.25 million (RM347.54 psf); Concluded by: Jessica Tung (REN 05827) (012-381 7783) of Propnex Realty Sdn Bhd; When: January 2020

“The downward trend will continue for a while because at the moment, we do not see many positive supporting factors in the leasing market.”

Singapore Foreign Affairs Minister Dr Vivian Balakrishnan: I do not see it possible to have a big bang complete, no holds barred, no restrictions, no tests (approach) - I think that would be unwise

“We expect a recovery in the retail sector as the public is returning to the major malls but no significant shopping spree is envisaged as fears still linger for a second wave of Covid-19 outbreak.”

Sold for: RM690,000 (RM548 psf); Concluded by: Ashley Haw (REN 05137) (011-128 93610) of Kith and Kin Realty Sdn Bhd; When: December 2019

All 91 units under Phase 1 were taken up during a pre-launch sale through an online preview on June 6, 2020, while 76% or 96 units out of the 127 units under Phase 2 were taken up in less than 30 minutes during a public preview on June 20, 2020. The units are priced from RM709,999 and RM714,499 for Phase 1 and 2 respectively after rebates and before Bumiputra discount.