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PRICES of luxury high-rise residential properties within the Klang Valley are set to see an increase in rentals this year, but are unlikely to reach levels that were achieved before the global financial crisis hit in 2008, say experts.
Master Developer of Cyberjaya, Setia Haruman Sdn Bhd, is investing RM2.5 billion over the next five years to develop four mixed residential projects in Cyberjaya, dubbed an “Intelligent City”.
PETALING JAYA: The residential property segment, a sub-sector of the overall property market, appears to have entered “a cooling phase” in the first two quarters with sales expected to stay “moderate” for the coming third quarter, according to the Malaysian Institute of Economic Research (Mier).
KAJANG: The year-on-year residential overhang in Malaysia increased to 32,313 units valued at RM19.86bil in 2018, an increase of 30.6% in volume and 27% in value, according to the Valuation and Property Services Department (JPPH).
PETALING JAYA: There is no great risk of any severe downturn in the residential sub-sector of the property market even though there is a slowdown in the broader property market at present, said property consultancy Khong & Jaafar managing director Elvin Fernandez.
GEORGE TOWN: Mah Sing Group Bhd plans to launch eight residential projects in the country with an estimated gross development value (GDV) of RM2.2bil this year.
HONG KONG: A consortium led by Hong Kong’s developer Sino Land Co Ltd on Wednesday won a record HK$17.3bil (RM9.26bil) tender for a residential site in Kowloon, beating other 10 bidders.