KUALA LUMPUR (May 12): In this issue of City & Country, Berjaya Times Square Sdn Bhd executive directors Syed Ali Shahul Hameed and Tan Tee Ming tell us about its much-anticipated development — Times Square 2 (TS2) — which is set to be launched on May 18. This luxury serviced apartment development adjacent to Berjaya Times Square in Kuala Lumpur, has a gross development value of RM625 million.  

Featuring 629 units of serviced apartments in a 41-storey single tower, TS2 will also have 15 retail lots, inclusive of a drive-through restaurant and a rooftop speciality restaurant. There will be four layout designs with built-ups ranging between 488 sq ft and 1,038 sq ft, and a selling price from RM1,500 psf.

We also speak with ParkCity Group about its maiden launch in Kuching — Kenny Heights. It is a 45-acre leasehold mixed-use development along Jalan Ong Tiang Swee, which will feature the first landed strata development project in Sarawak.

In the same issue, we have a report about Rehda Institute’s Asia Real Estate Leaders study tour to Hong Kong and Shenzhen. The delegates visited several developments and sites, such as the first non-subsidised elder care housing project Tanner Hill, the social housing scheme Hoi Tat Estate and the luxury high-rise development La Marina, whose rooftop special unit sold for HK$139 million.

We also cover the launch of JLL Malaysia’s Greater Kuala Lumpur Property Market Monitor 1Q2024. The real estate consultancy firm observed an improvement in all market segments in 1Q2024, with the flight to quality continuing to drive demand in commercial and industrial segments, allowing these properties to have strong net absorption levels.

Read all about these and more in our May 13, 2024 issue of City & Country, out with The Edge Malaysia weekly.

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