There is a common trend among these developments: they are situated in the northern part of Cheras, closer to the city centre and the Maluri LRT station

Market sentiment remains weak for high-end properties due to the recent implementation of the Goods and Services Tax (GST) and other factors such as inflation, political uncertainties and volatility of global oil prices, says Savills Malaysia.

Residensi Sefina has an estimated gross development value (GDV) of RM300 million and comprises a 34-storey tower with a man-made beach. It is coming up on a three-acre freehold parcel in Jalan Kiara 3 — next to Mitraland Group Sdn Bhd's Kiara 1888 — on the border of Mont'Kiara and Kampung Segambut Dalam

Absolute prices for non-landed properties in Cheras are affordable, although part of it is being skewed by a large number of low-cost flats transacted

In the case of Malaysia, sales could remain weak for about six months, the management estimates, before shopping pattern normalises

IOI Properties well known for its township developments in the past, has been busy recently with its two big township developments in the Klang Valley: Bandar Puteri Bangi and Bandar Warisan Sepang

A large part of Cheras is developed into housing estates, interspersed with small commercial centres and malls

Kelana Jaya will welcome more than 2,000 units of non-landed residences by end-2018. Many of these are in the high-end segment

Erick Kho plans to make the MIEA the go-to place for agents and negotiators

KLK’s downstream capacity has expanded significantly after recent investments and acquisitions