“The pricing strategy by developers is not purely based on the sales comparison of similar properties. In recent years, the headline pricing has been seen to be higher than market based values."
Nevertheless, overall, Malaysia’s house prices continue to rise and show no sign of decreasing as the 2018 MHPI stood at 193.3 points, up by 3.1 points against 2017, according to the National Property Information Centre's Property Market Report 2018 which was launched today.
“The question is why is there always a gap between the government sector figures with the private sector figures?” Lim asked, calling for a transparent standard operating procedure to bridge the value gap.
Phase 1 of EV5, which comprises 168 units, was sold out at launch while Phase 2's 205 units which were launched on April 27 has seen a take-up rate of 83%. Only 37 units are left to be sold.
“A developer may promise at the time of sale, things like free maintenance fees for three years, but the reality is…” - National House Buyer Association hon sec-gen Datuk Chang Kim Loong shares his knowledge at the Symposium on Excellent Property Management 2019.
“If we reduce the compliance cost for houses priced below RM300,000, this will also encourage more affordable houses to be built by developers," said Finance Minister Lim Guan Eng.
EdgeProp-ILAM Malaysia’s Sustainable Landscape Award 2019 (Gold): Lepironia Garden.
EdgeProp-ILAM Malaysia’s Sustainable Landscape Award 2019: The Mansions @ ParkCity Heights (Gold)
The MC’s landscape sub-committee member Yuen Cheong Swing shares that even after two dozen years, the landscaping works of Sri Penaga are still very much a work in progress and constantly evolving.
“The types of trees in Valencia are very similar to those found at the adjacent forest reserve where the Forest Research Institute of Malaysia (FRIM) is."
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