The property market in Ara Damansara has benefitted from its proximity to the established neighbourhoods of Kelana Jaya and Petaling Jaya while the property market in Subang has stagnated.
While the Malaysian economy is not in a full-blown crisis, the slowdown is definitely giving many developers a headache.
Property and infrastructure developer Malaysian Resources Corp Bhd (MRCB) is close to securing a RM700 million work package for the Damansara-Shah Alam Highway (DASH) project, say sources with knowledge of the matter.
The most expensive project by far is Ara Hill Condominium, with an average price per unit at RM1.4 million.
The five-day programme organised by Team Keris is in conjunction with the Hari Raya Aidilfitri festive season.
NWP has been posting losses since 2006.
According to MRT Corp director of strategic communications and stakeholder relations Datuk Najmuddin Abdullah, the packages will be awarded in 2017.
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Melaka-based property developer Yong Tai Bhd has formed a joint venture (JV) with PGCG Assets Holdings Sdn Bhd (PGCG) to undertake a commercial and residential project with an estimated gross development value (GDV) of RM510 million.
Some 29 villages in Penang might face the risk of ‘disappearing’ forever, including its Malay heritage culture, following rampant development projects in the area, say academicians.
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