OSK Property Holdings Bhd took a step closer towards its vision of becoming a leading integrated property developer after merging with PJ Development Holdings Bhd (PJD) last year. OSK Property CEO Ong Ghee Bin says the enlarged entity is able to offer more diversified, holistic and integrated products.

While the newer properties are becoming more upscale, most of the older projects in USJ are predominantly within the mid-end segment.

The take-up rate for Matrix Concept’s ongoing projects remains encouraging. Suriaman phase 1 and 2’s take-up rates have increased from 58% to 73% quarter-on-quarter (q-o-q), while the recently launched Hijayu 3 saw an encouraging take-up rate above 51%.

Al-Salam REIT is currently assessing a mixed asset (commercial and retail) for acquisition, which could lift its total investment property value above the RM1 billion mark.

All types of real estate developments — from affordable homes to premium luxury apartments, high-rise units and landed houses — can be launched during the current soft property market, says Raymond Cheah, chief operating officer, commercial, at UEM Sunrise Bhd. 

The most expensive project was Indera Subang at an average price per unit of RM729,000.

At its briefing, Hua Yang Bhd’s management highlighted that financial year ended March 31, 2016 (FY16) sales were slower than expected owing to the poor property market sentiment as homebuyers adopted a wait-and-see stance coupled with high loan rejection rates, which prompted the company to delay some initial planned launches to focus on clearing inventories worth a gross development value (GDV) of RM370.7 million from previously launched projects.

Situated 15km south of Kuala Lumpur, Bandar Baru Seri Petaling, also known as Sri Petaling, was a rubber estate before it was developed and launched in 1977 by Petaling Garden Sdn Bhd, now a wholly-owned subsidiary of I&P Group.

USJ’s strong performance in the 12 months to 1Q2015 was buoyed by transactions at Main Place Residence USJ21.

Titijaya Land Bhd is developing projects targeted at young adults and families or homeowners who are looking at upgrading to bigger homes. “Gen Ys that have joined the workforce for a number of years are looking to purchase a home of their own. Most will be looking for smaller homes in the city or suburban areas that are easily accessible and prefer developments that offer many amenities. I find that this group of homebuyers appreciate eco-friendly and futuristic concepts integrated into the design. The lifestyle of Gen Y homebuyers also revolves around convenience, hence the need for amenities to be close to home,” says Lim Puay Fung, executive director of Titijaya Land.