News by Racheal Lee

Malaysia’s overall residential overhang situation has improved in the third quarter of 2022 (3Q2022) to 29,534 units, from 34,092 units in the previous quarter, according National Property Information Centre (Napic) director Aina Edayu Ahmad.

Sheng Tai International Sdn Bhd (STI) launched The Sail Experiential Centre on Jan 14. The experience centre is the first phase of its mixed-use development, The Sail Melaka in Kota Laksamana, Melaka.

The Kuala Lumpur Architecture Festival (KLAF) 2023 was officially launched on Monday (Jan 9) to kick off its diverse calendar of more than 100 programmes spread throughout the year.

“As a global organisation, we will showcase our international placemaking expertise alongside our 43-year history in Malaysia to introduce our signature approach to experiential retail."

Tropicana Corp Bhd saw RM524.2 million in property bookings and RM10.7 million in retail sales at Tropicana City Mall with its Multi-Million Mania campaign, which ran from Jan 21 to June 17 this year.

Mah Sing Group Bhd has launched its own homeownership campaign, dubbed "H.O.M.E" (Home Ownership Made Easy). Running from July 1 until Sept 30, the campaign aims to address homebuyers’ main concerns of saving up for a down payment, qualifying for a loan, and paying monthly housing instalments.

Speaking at the launch, Sunway Property chief brand and marketing officer Gerard Yuen said that the programme was developed and designed as part of Sunway Property's holistic plan to build Future Forward Cities that are sustainable for both the current and future generations.

Occupying a 5.28-acre freehold parcel, Jernih Residence will offer 1,605 serviced apartment units in two blocks and 41 retail units on Levels 1 and 2. The residential units will come in four sizes — ranging from 550 to 850 sq ft — and are priced from RM270,000, or an average of RM500 psf. Most units, except some 850 sq ft units, will have one parking bay each.

The programme will enable qualified potential homeowners to take advantage of HouzKEY’s 100% financing without the need for down payments and with low monthly payments with its competitive home financing rates. There will also be zero payments required during the project construction period.

It is Mitsui Fudosan's first LaLaport mall in Southeast Asia, which is under its Malaysian subsidiary MFBBCC Retail Mall Sdn Bhd — a company among UDA Holdings Bhd, Eco World Development Group Bhd and the Employee Provident Fund.