Selangor Dredging Bhd (SDB) will launch three development projects with a total gross development value (GDV) of RM1bil within one year till August 2017.
Managing director Teh Lip Kim said the projects were two serviced apartments -- one each at its SQWHERE mixed development site in Sungai Buloh and in Jalan Peel, Kuala Lumpur -- and an apartment project in Taman Melawati, Selangor.
Can’t imagine how much property cost in the year 1957? Not many would.
Octogenarians would have been just past their teens during a time when real estate was not quite as hot a topic as it is now with the twenty-somethings.
Details on real estate prices six decades ago are scant. So we have to thank the late Datuk Ravindra Dass for giving us a glimpse of the market place then. Ravindra Dass was the first Malaysian director-general of valuation. He retired in 1990.
Despite the current property market slowdown, there are still investment opportunities on the subsale market, especially in Kuala Lumpur, that investors can ride on, said TheEdgeProperty.com director of business and product development Alvin Ong.
“It is important to have an overview of Kuala Lumpur’s secondary market to see how prices are moving in the various areas and the different characteristics that these areas possess before investors can decide on where to place their bets. Of course, it also depends on how we expect the market to move,” he added.