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PETALING JAYA: Demand for luxury residential properties is expected to turn cautious, given greater economic uncertainties and a tightening of credit by banks, DTZ Research said in its latest i>Property Times/imarket report.
KUCHING: Naim Holdings Bhd will launch four new residential projects, comprising some 1,000 units with a combined gross development value (GDV) of RM360mil, in Miri and Kuching over the next two years.
SUBANG: UEM Land Holdings Bhd expects to launch new residential and commercial projects with a total gross development value of around RM4bil this year.
THE residential property market has been experiencing an upturn since the fourth quarter of 2009 as demand rebounded by 7.1% (2009: -2.3%) following improved consumer sentiments. Meanwhile, the increase in housing stock moderated in 2010 as housing started a declining trend.
PROPERTY developer Plenitude Bhd, en route to a KLSE main board listing by year#039;s end, plans to broaden its market range from affordable homes to higher-end residential properties, and look for projects with recurrent income.
A NEW high-end residential housing scheme, Puncak Bukit Utama, comprising 99 units of two-and-a-half storey homes is shaping up at Kuala Lumpur#039;s Bukit Antarabangsa.
SEE Hoy Chan Sdn Bhd is looking to build more upmarket residential projects in the Klang Valley to cater to the strong demand for such homes.
THE Ara Hill, an upmarket residential development in Ara Damansara, has achieved about 30% sales although it has yet to be launched.
PROPERTY developer Swasta Setia Holdings Sdn Bhd is shifting its core business from commercial to residential projects, which will see it embarking on its first condominium project.