The royal city of Klang, once known for its historical significance, has now become a hotspot for property development. Paramount Property Development Sdn Bhd is set to introduce a new residential offering at its Berkeley Uptown development, embracing the concept of intergenerational living. With a keen understanding of the community’s needs, Property division CEO Chee Siew Pin, who hails from Klang himself, aims to create a living space that fosters familial ties and a sense of belonging.
The upcoming Uptown Residences 2 project, spanning 7.37 acres with a gross development value of RM628.64 million, will feature 1,086 residential units spread across a low-rise building and two towers. The development will also include a one-acre central park and a 10,000 square feet community space, designed to bring residents together and strengthen community bonds.
In a different part of the country, Ancubic Group’s industrial project, A-Park Batu Kawan Phase 1 in Penang, has seen remarkable success with a 90% take-up rate since its launch in March. The project offers 31 semi-detached and detached factories, with plans for the release of its remaining phases and a new industrial park in Bandar Baru Bangi, Selangor, later this year.
Meanwhile, Rehda Youth recently organized a study tour to various hotels along Jalan Sultan Ismail, aiming to learn from the best practices in the hospitality industry. Visiting establishments such as Pan Pacific Hotels Group’s ParkRoyal Collection Kuala Lumpur, Marriott International’s Renaissance Kuala Lumpur Hotel, and Four Points by Sheraton KL, City Centre, the participants gained valuable insights into the sector.
In Ampang, the commercial enclave known as “Little Korea” has seen a shift in its demographic makeup, with only half of the businesses at One Ampang Avenue now being Korean-run. While the area’s niche identity as a specialized commercial hub remains appealing, businesses may need to adapt to changing market conditions to ensure continued growth and success.
Looking towards Johor Bahru, the property market is poised for a new growth cycle following a strong rebound last year and the announcement of a new investment target by the Iskandar Regional Development Authority (IRDA). KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan predicts a positive outlook for the region in the coming years.
Additionally, GreenRE Sdn Bhd executive director Ashwin Thurairajah shares insights on unlocking Malaysia’s energy efficiency potential in the “Urban Insights” column, highlighting the importance of sustainable practices in the real estate sector.
From across the border, Singapore’s freehold Park Infinia at Wee Nam has set a new benchmark for condo developments, achieving record-breaking prices per square foot. With these and more stories featured in the upcoming issue of City & Country, readers can stay informed about the latest trends and developments in the property market.