The take-up rate of new homes, as measured by the sales-to-launch ratio, has dropped from 117% in March to 96% last month, notes Nicholas Mak, executive director of research and consultancy at SLP International.
KUALA LUMPUR (MAY 24): Many foreign ultra-high-net-worth individuals (UHNWIs) are looking at Malaysia’s residential properties on prime locations, drawn by the weak ringgit.
Even on a weekday afternoon, real estate agents are ubiquitous at Gramercy Park: waiting for their clients at the basement carpark; touring the 170,000 sq ft manicured grounds, which include a 50m pool and clubhouse; or viewing the new show suites at the South Tower with prospective buyers.
PETALING JAYA (May 16): Johor Corp (JCorp) has announced the commencement of key infrastructure developments for the Ibrahim International Business District (IIBD) in Johor Bahru today.
KUALA LUMPUR (May 15): Property developer Tropicana Corp Bhd celebrated its first foray into education with the official opening of St Joseph’s Institution International School Malaysia (SJIIM) today.
PETALING JAYA (May 14): The ninth International Conference on World Class Sustainable Cities 2017 (WCSC 2017) will have the theme “Transforming Cities: Design, Nature and Human Lives”, to reflect the current – and address future – urban challenges faced in meeting the demands of an increasingly populous world.
PETALING JAYA (May 12): Tropicana Corp Bhd’s Cheria Residences at Tropicana Aman near Kota Kemuning, Selangor has achieved 80% take-up to date.
PETALING JAYA (April 15): Tropicana Metropark in Subang Jaya is set to launch its third serviced apartment project – Paisley on April 22.
KUALA LUMPUR (April 13): Kuala Lumpur and Johor Bahru both remained outside the global top 100 list of most liveable locations for Asian expats in the 2017 Location Ratings Survey conducted by international knowledge, information and software provider ECA International.
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