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KUALA LUMPUR: The proposed Residential Tenancy Act is targeted for implementation in two years’ time to boost the rental market.
FUTURE hot spots for residential properties in the Klang Valley over the next 10 years would be near the Guthrie Corridor Expressway area such as Kumpulan Guthrie Bhd#039;s Bukit Jelutong, SP Setia Bhd#039;s Bandar Setia Alam and Road Builders Bhd#039;s Shah Alam II projects.
VARIOUS issues related to affordability and speculation continue to hog the overall residential market for the first half of this year. Coupled with the recently concluded 13th general election, the first half was “relatively sluggish”, property research reports concluded.
PENANG’S residential overhang is concentrated in the higher-end market with properties priced from RM500,000 onwards in areas like Mount Erskine, Tanjung Tokong, Batu Ferringhi, Sungai Ara and Bayan Baru.
KAJANG: Residential property transactions improved in the first two months of this year, but data released by the Valuation and Property Services Department (JPPH) showed that the overhang situation is still overwhelming.