Its focus this year remains on affordable properties, with 6% of its launches below RM500,000 per unit.

Meanwhile, Bank Negara says there is an oversupply of office and retail space. Office space in the Klang Valley recorded a vacancy rate of 20.4% in 2015, compared with the regional average of 6.6% and national level of 16.3%.

Real estate developers have become more creative in luring prospective homebuyers into committing to a purchase, even as property price growth in the country moderates. It is a sign of the times.

<p><span style="line-height: 20.8px;">While the Sentul Masterplan urban renewal continues, the rest of the neighbourhood remains a low to mid-end market, comprising primarily dated apartments and condominiums.</span></p>

AN undersupply of affordable housing, particularly in major urban areas, coupled with an oversupply of office and retail spaces, may lead to deeper imbalances in the property market, says Bank Negara Malaysia in its 2015 annual report, which was released recently. Despite a 35% increase in housing stock since 2005, the gap between the housing stock and the number of households widened from 2.1 million units in 2005 to 2.5 million in 2015. Annual housing completion has declined considerably in the past five years as the number of households continued to grow. There was an estimated average shortage of 85,911 housing units per year between 2011 and 2015.

WCT Holdings Bhd has been awarded a RM133.9 million contract from Mass Rapid Transit Corp Sdn Bhd (MRT Corp) to redevelop the police quarters in Gombak.

The development of Kuching has helped the largest state in Malaysia earn a key position in the country’s economic growth. Sarawak only trails behind Selangor and Kuala Lumpur in term of gross domestic product.

The secondary market continued to see activity in 4Q2015 even as transactions remained flat in the primary market.

This week, the spotlight falls on the secondary market of non-landed residences in Sentul, Kuala Lumpur. Areas covered are anchored by Jalan Sentul and include Taman Pelangi, Bandar Baru Sentul at the north and YTL Land & Development Bhd’s Sentul East redevelopment at the south.

Johor Bahru, capital of the country’s southernmost state, has gone through a tremendous transformation and revitalisation over the past few years.