Real Estate Development

With the gentrification of its major towns and increasing getaway appeal for people in the Klang Valley, property prices in Perak are booming with the State’s real estate industry undergoing rapid development. We already have interests in several residential developments across the state and are positive in continued healthy growth based on the fact that there were nearly 55,000 property ownership transactions recorded last year, worth RM9.2 billion indicating a robust property sector.

Demand for property will also increase from overseas with the Malaysia My Second Home (MM2H) program eyeing foreign investment in an effort to boost the state’s economy. We are expecting a further property boom to occur with the steps taken by the State government to encourage growth including 45% blanket discount on land premiums and reducing assessment on strata ownership from 16% to 10%, and as such are expecting our development investments in the property market to grow in the near future.

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