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Taman Melawati, also known as just Melawati, is a mature neighbourhood set amid hills and lush greenery. Located in Ulu Kelang, it may not be the first place that comes to mind when you are looking for a spot to hang out with your friends or family. Unlike the trendier Mont’Kiara, Bangsar and Kuala Lumpur city centre, Melawati is more tranquil and lacks the bustle of activity found in the more popular areas. But that does not make it any less attractive. According to VPC Alliance Sdn Bhd managing director James Wong, Melawati was previously a rubber plantation named Hawthornton Estate. Development of the township, the first by Negara Properties (M) Bhd, began in the 1970s. The developer is now a wholly-owned subsidiary of Sime Darby Property Bhd. ....
At a restaurant famed for its chicken rice, the thick and comforting bowl of barley ginkgo dessert at the end of the meal was an even nicer surprise. Prosperity Bowl is among the generous selection of dining options found in this commercial area straddling Jalan SS2/24 in Petaling Jaya, which comprises two back-to-back rows of shops on one side and another individual row on the other side of the dual carriageway. These were originally planned as neighbourhood shops, as they are next to residential areas and were one of the earliest commercial properties built in SS2, says Savills Malaysia managing director Datuk Paul Khong. ....
Last year was a tough one for almost all property sectors. According to data from the National Property Information Centre (Napic), in 1H2020, Malaysia’s property market transaction volume and value decreased 27.9% and 31.5% respectively compared with the previous year. While most property consultants believe there should be some recovery this year, it will depend on the Covid-19 vaccine as well as the performance of the job market and economy. Some consultants think there will be opportunities for investors in the auction market with foreclosures likely to increase, but others believe that owing to government intervention and the low interest rate environment, this might not be the case. On the other hand, this could be a golden opportunity for first-time homebuyers to purchase their dream home. However, as property is a long-term investment, the age-old advice of doing your homework and buying what you can afford continues to hold true. ....
KUALA LUMPUR (Jan 6): The industrial and logistics sectors will continue to be the top performing sector for 2021, predicts Savills Malaysia. It notes that Covid-19 has accelerated the growth in e-retailing businesses in both the warehousing and logistics sectors, and investors are actively looking at this strong asset class as an all-time favourite investment. “Warehousing continues to be supported by the logistics sector and storage needs, and we see a strong pickup as e-retailing businesses continue to further improve. Brands continue to leverage on the infrastructure and capabilities of local and international e-commerce players. We also expect to see more deals flowing through in 2021 and the market to be more robust after a year of pandemic with slower action,” said head of agency Kevin Goh. ....