KUALA LUMPUR (Nov 16): In our City & Country’s cover story, OSK Property Holdings Bhd unveils its maiden launch in Nilai, Negeri Sembilan called OSK Areca. According to CEO Ong Ghee Bin, it is not likely to be the last, owing to the strong potential of its rental market and the growing demand for such properties from homebuyers.
“The decision to enter Nilai was not made overnight. We had been studying the market for several years before committing to OSK Areca. We saw a convergence of favourable trends here,” says Ong.
Positioned as a modern, compact and liveable residential address, OSK Areca is a 36-storey block on a 2.6-acre freehold land along Persiaran Negeri in Bandar Baru Nilai. It will offer 944 serviced apartment units. Set to be officially launched by 1Q2026, the selling price of the units starts from RM363,000.
Meanwhile, Johor-based WM Senibong Sdn Bhd will unveil its first mixed-use development called Topaz in the 371-acre Crest @ Austin township in Johor. The project comprises 861 serviced apartments with built-ups of 495 to 871 sq ft. Selling prices will start from RM344,000. Additionally, it will offer a single level of retail.
In the same issue, we have a report on Rehda Institute's hosting of fellows from the Asia Global Institute’s AsiaGlobal Fellows Programme, where they received an overview of the property market in Malaysia.
We also speak to experts on fire safety in urban high-rises, in which to minimise damage and save lives, every element of fire safety — from early detection to effective evacuation and extinguishment — must be integrated into a system that works efficiently during an emergency.
From our Singapore counterpart, we have two stories. The first is about a three-bedder at Cityscape @ Farrer Park setting a record price of S$1,842 psf, while the other is on how a seller at Grange Residences scored a S$5.32 million (RM16.8 million) profit on a resale transaction.
Make sure to get the details and the latest property news in the Nov 17 issue of The Edge Malaysia weekly.
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