/// Feature Property Event
Chang Cheng Realty Ushers in the
Year of the Horse
T
he property market in the Year
of the Horse is estimated to
be on ‘wait-and-hold’ in the
first quarter. And managing director
of Chang Cheng Realty (who is also
the head of the SHAREDA Youth
Council) Tee Hong Wee believes
that the market will bounce back in
the second half of the year.
He said, “Although there are a lot
of uncertainties, life goes on. We
(at Chang Cheng) are not in the
position to just wait and see what
happens. We still cater to the public
and change our design to the
needs of the people.” He adds: “The
government needs to clarify a lot of
things so that investors will come
back and have the confidence in our
property market. A lot of things are
uncertain especially the GST, RPGT
and cutting down of bank loans.
Opportunity needs to be provided
to genuine buyers.”
In March, Chang Cheng will be
launching the Eco Park and they
will have another three projects
lined up in Labuan this year. The
developer will also launch their C
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www.PropertyHunter.com.my
Park SOHO targeting at a maximum
of RM400,000 for a 900 square feet
unit.
According to Tee, “We will be more
selective this year and we will be
focusing on mid range residential.
The market between the RM300,000
to RM400,000 range will be the gold
mine as people won’t be so keen on
high end residential. However, the
demand for commercial units and
industrial lots will remain good.”
He concludes: “We would like to
wish everyone great health and
happiness this year especially in
times of uncertainty.”
The developer recently held an
Open House at their sales gallery
in KK Times Square to usher in the
new year.
/// FEATURE PROPERTY EVENT