PROPERTY SNAPSHOT 2: What’s affordable in Setapak?
Setapak has an abundance of high-rise residences, most of which are priced to target the middle class.
Setapak has an abundance of high-rise residences, most of which are priced to target the middle class.
Year-on-year (y-o-y) earnings growth was largely supported by additional contributions from its new assets and improved profits from Gurney Plaza and East Coast Mall. However, we remain cautious about Sungei Wang Plaza (SWP), which could limit near-term earnings.
James Tee is the author of Malaysian Real Estate Industry – Value Creation Strategies.
Since its emergence in the 1950s, the internet has grown into a juggernaut, changing the way we do practically everything, from finding a partner to buying everyday items like groceries and electronic appliances.
This week, the spotlight falls on the secondary market of non-landed residences in one of Kuala Lumpur’s oldest suburbs, Setapak. Areas covered span from Taman Melati at the north and bounded by the Duta-Ulu Kelang Expressway (DUKE) at the south.
Ignorance is no excuse.
MK Land Holdings Bhd’s unbilled sales are now at RM150 million from RM200 million previously.
Since the mid-2000s, Australia has seen low interest rates, an abundance of liquidity and strong population growth, underpinned by high levels of immigration. This has led to an increase in demand for real estate that exceeds the supply of new properties, says Ian Chen, founder, owner and group CEO of Jalin Realty International.
Although there are sufficient laws to govern the housing industry but the degree of enforcement is lacking.
Salcon is currently bidding a total tender book of over RM2.2 billion with management’s target of a 20%-30% success rate. These jobs include the Langat 2 WTP Phase II contracts, new alternative water supply jobs in Selangor and the projects from 11MP (11th Malaysia Plan) to reduce non-revenue water (NRW) to 25% from 36.6% in 2013.