Terraced houses and condominiums enjoyed some of the best returns and capital appreciation prior to the influx of high-rise units in the Klang Valley property market in the mid-2000s, says PPC International Sdn Bhd managing director Datuk Siders Sittampalam. Rents generally declined owing to the increased supply, he adds.
“Owing to the rising cost of land, developers adopted vertical development. The growing population and demand for housing led to the growth of high-rise developments, and land for development became scarce and costly,” Siders says.
On top of the persistent soft market, last year had been challenging to both the economy and the property market generally, owing to the Russia-Saudi Arabia oil price war, US-China trade war, change in government in Malaysia and the Covid-19 pandemic, Siders notes. “The real estate market [saw] declining sales volume, capital values and rental returns or yields.
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The Independent Publishers Guild is holding two days of informational and networking events in March, as world publishing finds itself without its usual spring events.
Some paid packages offered to publishers in the IPG International Publishers Forum include a digital exhibitor booth in the program’s interactive environment. Image: IPG
March 9 and 10
While much of the conversation around the world book business’ trade shows and book fairs this year concerns what’s going forward and in physical or digital modes the UK’s Independent Publishers Guild (IPG) is staging a new online event, its International Publishers Forum, this spring.
Set for March 9 and 10, the event corresponds closely to what would have been London Book Fair’s dates, with the book fair now set for June 19 to July 1 in what’s hoped can be a physical format.
Apart from having a massive economic and environmental impact, the Covid-19 pandemic has radically changed people’s lives. Many have had to adapt to the new normal and living through lockdowns. This has led to homes becoming much more than just a space to live in.
City & Country conducted a survey at the end of last year to find out whether the Movement Control Order (MCO) has had an effect on homebuyers’ preferences for example, the size and location of the property when it came to their next purchase. The results were published in our Nov 23 issue.
In this issue, we are revisiting the results of the same survey and taking a closer look at whether buyer preferences have shifted from landed to high-rise properties, the factors that affect their housing choices, and whether they would be more open to renting rather than buying houses post-MCO.