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The property market, especially the residential sub-sector, has shown strong signs of recovery, spurred by a strong outlook on the economic front and return of positive buyers' sentiment. There has been a spate of new property launches in many parts of the country; and in the Klang Valley, the market is abuzz with property news on who is developing what. The positive outlook of the stock market and improved market sentiment are also set to spur greater activities on the property front. StarBiz assistant news editor ANGIE NG and reporter PANG HONG YEE take a look at the trends and prospects ahead for the residential property market.
ASIA Pacific Land Bhd (AP Land) estimates the Perdana Park medium-cost apartment to be developed by its unit Hotel Fairlane Holdings Sdn Bhd in Bandar Tasik Puteri, Rawang, will generate gross development value of over RM140mil.
Single mother Zaini Abdullah, who has lived in poverty all her life, has never harboured hopes of owning a decent house.
Plenitude Bhd expects its Changkat Kiara project in Sri Hartamas, comprising 84 semi-detached terraced houses and 11 luxury bungalows worth over RM135mil, to be sold out by the end of the year.