News by Rachel Chew

EdgeProp.my早前对900名公众展开了调查，而其中一项结果显示，并没有人想要购买价格低于RM250,000的房屋

Situated right at the junction of Panyu Road and Yan’an West Road in the heart of Shanghai City, the site’s main landmarks are the two Baroque-style buildings which were designed and purposely built for foreign expats as their recreational club in Shanghai almost a century ago.

While New Village real estate may not interest most investors, there is still investment potential if the plot size is substantial.

The joint venture development between UEM Sunrise and Melati Ehsan Group consists of residential units, a retail mall, office spaces, hotels, healthcare centre and education hubs. The township will be developed over 15 phases and is targeted to be fully completed in 2039.

Rented for: RM5,200 per month; Concluded by: Caren Wong (REN 22846) from Rgroup 6 Sdn Bhd (016-282 3223); When: July 2019

It comprises three towers of 64-storeys each and will have a gross development value of RM1.8 billion.

He also commended the proposal to reduce the foreign home ownership threshold for condominiums and apartments in urban areas to RM600,000.

“The revision will allow sellers to pay lower RPGT. However, we hope continuous improvements to the RPGT policy can be considered to boost more interest and activities in the secondary property market, as many buyers are looking to upgrade after disposing their older units.”

“Overall it is a good budget, although it is slightly lower than my expectations, especially on the RPGT because I expected more.”

In response to this, property developer Titijaya Land Bhd said it welcomed the move.