News by M

Best Western Plus Kuching – international hotel operator Best Western Hotels & Resorts’ first foray into Sarawak’s capital – is expected to open in 2018, it said in a press release today.

“Auctions are no longer for just distressed properties. With the right knowledge and skills, non-distressed properties in the secondary market can be sold with style through auctions,” said Malaysian Institute of Estate Agents (MIEA) state branch chairman Lim Boon Ping of Kim Realty.

Gamuda expects robust property sales of RM500 million to RM520 million in Vietnam, and new overseas ventures in Melbourne and Singapore, to drive overall sales growth from FY16 to FY17.

On closer inspection, the growth in average price is derived from a lack of transactions in the relatively lower-end segment. Few observed projects displayed significant actual appreciation in capital values. 

8 Conlay is a mixed-use development with a gross development value of RM5.4 billion.

Of the top five most expensive projects, most of them (with the exception of The Troika) have smaller than average unit sizes in order to cater to different needs.

KLCC remains the most exclusive address in the country, with prices here reflecting the prestige of living in the heart of the city.

This week, the spotlight falls on the secondary market of non-landed residences within the KLCC nucleus.

Outlet centres — which account for 0.1% of the total retail industry in Malaysia — are becoming popular among investors and retailers in Malaysia as they offer higher returns to investors and more affordable and flexible spaces to retailers.

Property investors who have the guts to take the plunge during a challenging period such as this stand to gain huge capital gains from their investments, said Malaysian Institute of Estate Agents immediate past president Siva Shanker.