Ara Damansara high-rise rental market stable
While landed homes are investors’ darlings, there will always be a market for the more affordable high-rise units.
While landed homes are investors’ darlings, there will always be a market for the more affordable high-rise units.
Ara Damansara: The red-hot demand for bungalows and semidees here are not limited to buyers. Tenants are also on the prowl.
Since its enactment in 2015, there has not been any news of developers being prosecuted under this new Section, although cases of abandonment abound. Enforcement is still the key on whether the law is effective in protecting property buyers.
It is interesting how the 64-year-old founder, managing director and group chief executive of Mah Sing Group Bhd staves off challenges. Tending to go on the offensive, he would not hesitate to disrupt the market to dash to the finishing line in the shortest possible time.
"We are confident of meeting our property sales target and are committed to continue delivering commendable results via our property, plastics and healthcare divisions... As the market gradually returns to its growth momentum, I expect next year we will be seeing a strong rebound for the property market," says Leong.
While diversifying into the glove manufacturing industry, Leong says he will not give up his property development business as it still serves as the Group’s core business, contributing 89% to the group’s profit before tax in 2020. The remaining 11% came from plastic manufacturing (10%) and investment holdings and other businesses (1%).
The Government has heeded the recommendations of the National House Buyers Association (HBA) to close the floodgates and resolve the issue.
The best way to enjoy the city is on foot, where you can slowly drink in the sights and sounds.
“Penampang and Putatan have seen a surge in residential developments in recent years with prices going up.”
Luyang and Likas are chosen for their proximity to the city centre