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THE excess in supply of residential properties is expected to clear in three to four years, paving the way for a recovery in the property market, says housing industry experts.
Numerous property developments in the southern corridor have boosted real estate values. Such developments range from townships and niche residential projects in Puchong, Bandar Kinrara and Seri Kembangan to Putrajaya and Cyberjaya intelligent cities.
CITY living is becoming trendy again, going by the number of new residential launches underway and planned within the Kuala Lumpur city centre and its peripherals.
JOHOR BARU: Daiman Development Bhd will continue to focus on landed residential properties for its existing projects in Johor.
Bangsar residents, especially those living on Jalan Maarof and JalanTelawi, want to know whether their neighbourhood will remainclassified as residential or be redesignated as commercial lots. They areagainst the commercialisation trend but will only know their fate byyear-end when the Kuala Lumpur Local Plan is made public.
PETALING JAYA: Property developer Magna Prima Bhd has acquired 5.25 acres leasehold land in Shah Alam for RM43mil cash to be developed into a residential project.