A weaker ringgit will attract more foreign investment into the country's property sector, Guocoland (Malaysia) Bhd managing director Tan Lee Koon said on Thursday.
The property arm of Hong Leong Group expects the current exchange rate scenario to spur demand for luxury residences in its Damansara City development, which has a gross development of RM2.5 billion.
Weaker ringgit will boost foreign investment in property sector, says developer
Sunway to apply wait-and-see approach on property launches
Sunway Bhd, which has an unbilled property sales of RM2.5bil as of March, will apply a wait and see policy and plan its property launches accordingly amid the soft property market.
Its property division managing director Sarena Cheah said due to the uncertain market sentiments and the recent Strata Title Act, it has impacted its property launches in terms of timing.
UEM Sunrise inks deal for Hyatt House Hotel in Mont Kiara
UEM Sunrise Bhd's wholly-owned subsidiary, Arcoris Sdn Bhd, has inked a management agreement with an affiliate of Hyatt Hotels and Resorts for a Hyatt House hotel in Mont Kiara.
Expected to be opened in 2017, Hyatt House Kuala Lumpur, MontKiara, will mark the first Hyatt House hotel in Malaysia, said UEM Sunrise in a statement.
UEM Sunrise bets on landed properties
UEM Sunrise Bhd sees demand for landed residential properties in Iskandar Malaysia remaining good, as most prospective property buyers still prefer this type of properties.
Acting chief marketing officer Zadil Hanief Mohamed Zaidi said on that note, the company was upbeat that its new project, Estuari Gardens @ Puteri Harbour, would do well based on buyers’ preference.
1MDB land spurs interest
1Malaysia Development Bhd’s (1MDB) land parcels have generated a lot of interest.
In two separate statements, 1MDB said it had received “a lot of enquiries for its Bandar Malaysia land” and “proposals” for its land in Air Itam in Penang and Pulau Indah near Port Kiang, Selangor.