“Interest towards Malaysian properties was already on the uptrend, especially after the travel show hosted by Hong Kong artist Chapman To called Pick me up to Malaysia went on air end-April.”

Complicating things further, common property such as facilities in a mixed-use strata development may either be shared by all the parcels in a strata development, or exclusively designated for certain components only.

Notably, in the third quarter of this year alone, there were a total of 9,294 foreclosure properties, compared with 8,760 cases in 3Q2018.

“Not only are such units difficult to come by, they are also quickly taken up once they come on the market, provided they are in good condition. It is not difficult to look for buyers but finding such houses in prime locations is challenging.”

“As occupiers’ requirements, expectations and demands are raised, landlords cannot stand idly by. This new paradigm requires property owners to adopt a fundamentally different approach to leasing and asset management."

Park Regent comes in two residential towers, with each tower having tiered design with the highest tier ending at the 55th floor. The condos come in various layouts with built-ups ranging from 872 sq ft to 4,887 sq ft and with an average selling price of RM1,100 psf.

“The City of Elmina is at a very exciting juncture of its development. With the fully mature Denai Alam and Bukit Subang and new residents moving in rapidly at the new residential precincts of Elmina Valley and Elmina Gardens, there are strong growth prospects for commercial investors moving forward.”

With rapid urbanisation and the growing population within cities, high density living is increasingly dominant around the world. Furthermore, the low- to mid-income segment of the population especially, would only be able to afford to live in crowded high-rises.

The WCE will be connected to several existing highways, namely the North-South Expressway (NSE), the South Klang Valley Expressway (SKVE), the New Klang Valley Expressway (NKVE), the New North Klang Straits Bypass (NNKSB), the Kuala Lumpur-Kuala Selangor Expressway (LATAR) and the Shah Alam Expressway (KESAS).

Employers claim they have been caught by surprise and that due process has not been followed.