Located in the thriving township of Cheras, You City III has been gaining popularity as a transit-oriented development featuring a link-bridge to MRT Taman Suntex.
OSK Property has partnered with Lazada Malaysia to feature its award-winning transit-oriented development You City III in Kuala Lumpur.
From now until March 31, Lazada customers who purchase the exclusive RM1 limited pass at OSK Property’s official store will be rewarded with RM3 Lazada Wallet credit.
Upon enjoying a virtual project presentation of You City III, OSK Property will be doubling its rewards with a two-day one-night stay at selected Swiss-Garden Vacation Club Hotels in Malaysia.
While patronage-reliant property sectors such as hotel and purpose-built retail were severely battered by the Covid-19 pandemic, the industrial sector continues to be the bright spot in the otherwise gloomy real estate market, said CBRE | WTW group managing director Foo Gee Jen during the virtual press launch of the property consultancy’s Real Estate Market Outlook 2021 report, titled “Restart the Uneven Recovery”, on Jan 25.
According to Foo, regional logistics and warehousing will be a primary prospect for the sector in the long term. “The growing demand for last-mile delivery facilities is in line with the expansion of e-commerce and the expectations of an increasingly sophisticated market,” he said.
LOOKING for a new place to call home?
In conjunction with the Home Ownership Campaign (HOC) 2020, GuocoLand Malaysia (GLM) recently unveiled the BEST 2, “The BEST is Now Better!” – the sequel to its BEST (Buy with Ease, Save & Treasure) campaign, which received overwhelming support from buyers last year.
With the BEST 2 campaign, new homebuyers now get to enjoy 0% down payment, savings on sale and purchase agreement (SPA), loan legal fee, loan stamp duty, memorandum of transfer and many more.
Besides, new homebuyers will also stand a chance to win attractive prizes worth up to RM1mil. Homebuyers are automatically qualified for the BEST 2 campaign for property purchased from now until May 31,2021.
Tropicana Corp Bhd has launched its online Tropicana 100 campaign for buyers to purchase their dream property from Jan 20 to April 30.
The campaign offers 100% returns on booking fees, interest-free flexibility, legal fees borne, furnishing, financing as well as additional referral rewards. The first 100 lucky purchasers will also be rewarded with RM2,000 worth of furnishing vouchers for every RM100,000 in property value.
“Following the success of our Tropicana 10-TEN campaign in 2020, which recorded RM899 million in bookings, we want to provide more deals and easy property ownership solutions to our purchasers.
“This is where the Tropicana 100 campaign is able to recognise the needs of purchasers and provide an easy avenue for them to own our exclusive properties. It will also help ease their financial burden and provide more cash flow during this challenging period,” said group managing director Dion Tan in a press release on Jan 19.
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Only properties in Malacca had a median of three, while all other states in Malaysia had a median of 3.1 and higher. THE STAR
Malaysia property overhang may stabilise slightly
Wed, 3 February 2021
The level of residential property overhang in Malaysia may stabilise slightly this year, but is expected to remain high as the price-to-income ratio continues to affect affordability.
Rahim & Co International Sdn Bhd research director Sulaiman Saheh said there were 57,390 overhang units of residential, serviced apartments and small office home offices worth 42.49 billion ringgit ($10.5 billion) as of the third quarter of 2020.
“The overhang levels continued to increase in 2020. This year, with the movement control order enforced and affordability still an ongoing issue, it will still continue to go up,” he said at a virtual press conference following the launch of Rahim & Co’s 2020-2021 market review.