The intensive construction of public transport infrastructure and residential development projects seem to be inspired by Singapore.

We are not surprised with Hua Yang’s land acquisition down south as management highlighted that it had been actively looking for landbanking opportunities in several locations, ie central, north and south.

In the background of eye-bulging record prices, the average price of condominiums in the area was RM432 psf in 1Q2015, up 18.7% y-o-y. 

The KL-Singapore HSR will change how we live, work and do business as the barriers to travel and trade fall and the effects of bringing the two cities closer together set in, says MyHSR Corp Sdn Bhd CEO Mohd Nur Ismal Mohamed Kamal

WCT’s financial headroom was reduced further when the property market softened in early FY15 and cash proceeds from property sales fell short of expectations.

The group still has plans to unveil some projects, albeit smaller in size, which are mostly mid- to low-end products.

Penang is popular among expats or foreigners looking for a holiday home or retirement home under the Malaysia My Second Home scheme. Batu Ferringhi, Tanjung Bungah, Tanjung Tokong and Gurney Drive are some upmarket areas with luxury condos targeted towards foreigners.

Proliferation of highway and rail projects appear to point to optimistic outlook.

Pavilion REIT is likely to continue its acquisition trail with the soon-to-be-completed Pavilion Extension.

Large projects of various kinds mark Penang, from costly residential property development to land reclamation and transport infrastructure.