Since Britons voted to leave the European Union (EU) in the referendum on June 23, global markets have been reeling as the UK and the world come to terms with the implications. The “Brexit” vote has left local and foreign investors in a state of uncertainty, including those in the real estate market and residential letting in London.
With its vibrant economy and rising property prices, Sarawak’s capital city Kuching is well positioned to become the state’s most popular residential destination for investors and owner-occupiers.
Kuching, the capital of Sarawak, has in recent times garnered more attention for its continuous rise in its real estate market, especially in the residential segment.
It will be a development comprising serviced apartments, SoHos and commercial units. Titijaya plans to launch the project early next year and complete it in 2021.
The office market in Kuala Lumpur and beyond KL (Selangor) remained mostly static and unglued in the first quarter of the year, in the light of the slowing local economy, and the situation looks set to continue for the rest of the year.
With a predominantly Chinese population, Kepong is home to many traditional shops, heritage shops and family-style restaurants. During weekends, city dwellers head for Kepong to enjoy the local delicacies, such as the famous Mee Kepong, and seafood dishes.
From its trendy restaurants to its art and culture centres, Melbourne has long presented itself as one of the most desirable places to live and work. Unsurprisingly, Australian developer Salta Properties is banking on the city’s appeal for the success of its latest project, The Park House, not to mention the latter’s location.
S P Setia Bhd is all set to unveil a new township in Semenyih called Setia EcoHill 2. The 1,010-acre freehold development is expected to attract house buyers with its lush greenery and connectivity.
Mah Sing Group Bhd’s latest project, Cerrado Residential Suites, is in the Klang Valley and yet is surrounded by greenery, thanks in part to its location near the Bangi Forest Reserve. The project is within the developer’s largest township, Southville City, in Bangi.
In pursuing meaningful success, one’s intentions must be good, believes Datuk Jauhari Hamidi. “Everything starts with your nawaitu (intentions),” the managing director of Sime Darby Property Bhd (SDP) tells City & Country. “If they are honest, then you’ll be all right.”
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