KUALA LUMPUR (Feb 22): The property market is expected to be challenging in 2018 and beyond, but opportunities are still out there, said BRDB Developments Sdn Bhd (BRDB) CEO Kajendra Pathmanathan.
“Looking into 2018 and beyond, it is no secret that it is going to be challenging for the property industry, but there is economic data out there which have shown us that the Malaysian economy is still resilient,” he told reporters at a luncheon at BRDB Sales Gallery in Bangsar, Kuala Lumpur today.
He cited Moody’s Investors Service that has rated the strength of the Malaysian economy as very high in the short to medium term.
“We believe amidst the challenges, there are opportunities. And our focus is to seek out these opportunities and to build on our strength to deliver value to our clients,” he said.
The company has outlined two growth strategies in such challenging times: to focus on achieving excellent client experience and on value driven propositions.
In line with its growth strategies, BRDB today unveiled the Art of Living project at its Tamansari township development in Rawang, Selangor.
The first phase of the art project will feature the works of four Malaysian artists, namely Ramlan Abdullah, Umibaizurah Mahir Ismail, Haffendi Anuar and Jun Ong, who will showcase their works at the landscaped garden in Tamansari.
Sitting on a 245-acre freehold site, the RM2 billion Tamansari will be developed over 16 phases in the next 10 to 15 years, Kajendra said.
According to the developer, the first phase of the township dubbed Amaryllis has seen its garden homes fully sold, while the subsequent phase offering Camelia super terraced garden homes is progressing very well, after it was launched mid-2017.
“Rawang is an important part of what BRDB is presently doing. We launched the Art of Living project here, because BRDB has a huge focus on Tamansari at the moment,” he said, adding the remaining phases will be rolled out over time.