Beverly Group to launch Lexa Residence in Wangsa Maju on Oct 2

Singapore-based Beverly Group Sdn Bhd — a subsidiary of Singapore-registered Qingdao Investments Pte Ltd — will be unveiling Lexa Residence in Wangsa Maju, Kuala Lumpur on Oct 2, 2016.

Beverly Group sales and marketing executive director Wendy Tang said the 2.69-acre Lexa Residence is the first phase development of Quartz WM — a 16.5-acre freehold mixed-use development — which carries a gross development value (GDV) of RM260 million.

S P Setia to launch affordable apartments in Semenyih

S P Setia Bhd will launch its D’Camellia affordable apartment at its sustainable Setia EcoHill township in Semenyih, Selangor on Saturday, Oct 1.

The property developer said on Thursday the launch will be held in its Setia EcoHill Welcome Centre.

Transaction volume expected to remain low

The domestic property market is likely to remain slow in terms of transaction volume going forward. This will be mainly due to the weak economy and stringent bank lending policies, says Jeffri Rahim, vice-president of project marketing and estate agency at Savills (M) Sdn Bhd, when presenting The Edge/ Savills Klang Valley Residential Monitor 2Q2016.

“Market response on the primary and secondary markets has been mixed. Properties on the secondary market are still seeing slow growth in terms of transaction volume as the majority of homebuyers are too cautious in making a commitment. This has led to difficulties in closing deals,” he points out.