KUALA LUMPUR (Nov 17): For the Nov 18 issue of City & Country, our cover story features Berjaya Hartanah Bhd, a wholly-owned subsidiary of Berjaya Land Bhd (KL:BJLAND), as it gets ready to launch Oaka Residences in Bukit Jalil, Kuala Lumpur on Nov 22.

An upmarket condominium with a gross development value (GDV) of RM383 million, the low-density development offers 350 units spread across two 30-storey towers, with built-ups ranging from 882 to 1,509 sq ft. The selling price starts from RM785,000.

Oaka Residences is the first phase of a freehold 12.2-acre masterplan by Berjaya Hartanah, with the land subdivided into four and altogether set to feature residential projects with a total of 1,500 units with a combined GDV of RM1.3 billion.

In the same issue, Ipoh-based Miclebina Properties Sdn Bhd unveiled Santorini @ Botani Ipoh (Pangsapuri Rafflesia) in Bandar Seri Botani, Ipoh, Perak. The 10.66-acre freehold will be developed in two phases, and the design concept is inspired by the Greek island of Santorini, with its blue and white hues. The total GDV of the project is estimated at RM410 million and is expected to be completed by 2028.

Meanwhile, IJM Land Bhd is rolling out Lightwater Residences located at Gelugor, Penang in February next year, with units set to be the most expensive in the state.  The freehold development sits on 2.87 acres and offers 262 condominium units in two 34-storey towers, with built-ups ranging from 1,152 to 3,186 sq ft. The units are priced from RM2.05 million or RM1,780 psf.

In our Streetscape section, we look at the cosy commercial area in SS12 on Jalan SS12/1B, Subang Jaya. Each of the 14 two-storey shophouses there measures 1,320 sq ft and has a built-up area of 2,300 sq ft. Currently, average rental rate is RM10,000 for the ground and first floor. Selling prices range from RM2.5 million to RM2.8 million.

From our Singapore counterpart, PropNex Research points out that shophouse investment interest has remained brisk in Singapore in 3Q2024 despite fewer caveated deals.

In our Offshore section, the UK house price growth is expected to be weaker in 2026, according to broker Hampton International, and in the US, Americans are coming to terms with renting amid an unaffordable market for homebuyers.

Read all this in the Nov 18 issue of The Edge Malaysia weekly.

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