PROPERTY SNAPSHOT 3: What are prices like in Kuching?
TheEdgeProperty.com’s analysis of transactions shows the average price of condominiums in the area was RM193 psf in 1Q2015, up 10.8% y-o-y.
TheEdgeProperty.com’s analysis of transactions shows the average price of condominiums in the area was RM193 psf in 1Q2015, up 10.8% y-o-y.
While the newer developments are becoming increasingly more upmarket, the secondary market in Kuching is still concentrated in the mass-market segment.
Those working on its rehabilitation know it has still some way to go before it can move past the blots in its recent history left by the deaths of two children.
Despite the slowdown in the overall market, the high-rise segment has performed relatively well. Strata units are becoming increasingly viable due to the scarcity of land and the high prices of landed properties.
Companies such as IOI Properties Bhd and Mah Sing Group Bhd are getting more innovative and holding out big carrots to prospective buyers.
The southern state’s industrial developments drew RM27 billion in the first half of 2015 (1H2015) -- the biggest portion of investments into the manufacturing sector -- compared with RM21 billion for the whole of 2014
He forged his winning attitude selling ‘anything you can imagine’ to strangers.
Leveraging on its experience in Klang Valley mass rapid transit 1 (KVMRT 1), KVLRT 2 and Sunway bus rapid transit (Sunway BRT), it could clinch contracts from KVMRT 2, KVLRT 3 and KL-Klang BRT.
Lim: We have open, competitive tenders. We also carry out public consultations before we give the final approval and there are environmental safeguards.
While awaiting better infrastructure, the city experiences a luxury condo boom.