loan margin for retail lot acquisition.
Commercial shop lots will face
similar fate where the supply of
such property will be reduced
unless the development is situated
on a prominent location. Most
credit facilities are reluctant to offer
bridging finances for commercial
development and hence discourage
developers from launching their
commercial property development.
Affordable Housing
SHAREDA Council members delivery reports on SHAREDA 2013 property report
expected that the market would
experience a substantial increase in
retail space supply and also stronger
competition in the retail sector
when all these developments are
completed.
The commercial and retail scene
progressively moved towards the
suburban areas with their captive
catchment market along main roads
due to the intense competition
in the city centre. For instance,
Grand Merdeka Mall in Menggatal
is offering prices at RM136,000/unit
and retail units in suburban areas
can fetch up to RM520 to RM1,00/
sq ft.
A total of 9 commercial property
developments were launched in
2013 consisting of two to threestory shop offices. The selling price
ranges from RM300 to RM500/sq ft.
There are also 152 units of industrial
shops ranging from RM1.5 million to
RM1.9 million that was launched the
west coast region.
be accustomed with the new tax
reconciliation on building materials
and professional services tax.
Another reason is the qualification
of potential buyers in taking up
loans from banks. Th