KUALA LUMPUR (Aug 25): In the August 26 issue of City & Country, the cover story features insights from several experts on managing the expectations of buyers as well as how to deal with challenges when it comes to mixed-use developments.

Mixed-use developments are fast becoming a new reality in this land-scarce urban landscape, which has led property developers, architects and engineers to maximise density, says Architect Centre Sdn Bhd accredited building inspector and trainer Anthony Lee Tee. He advises potential homebuyers to be more discerning and understand the complex nature of mixed-use developments before taking the plunge.

Chur Associates founder and managing partner Chris Tan addresses the challenges in managing such developments while highlighting the need for an update of current laws, to better adapt to the dynamic commercial and regulatory environment.

Drawing from experiences in managing mixed-use developments, Henry Butcher (Mont Kiara) Malaysia Sdn Bhd managing director Low Hon Keong notes that education is important for stakeholders to minimise conflicts and realise that the many components must work in unison despite their differing objectives.

In the same issue, Malayan Industries Bhd (MUI Group) announces the reopening of its Metrojaya outlet in Mid Valley Megamall on August 29, together with a brand new look. The outlet was closed in February for renovation works, according to MUI Group chairman and CEO Andrew Khoo.

In a separate story, Club Med will be opening Club Med Borneo in Sabah in 2025. Club Med Borneo will be situated in Kuala Penyu, roughly a 90-minute drive from the Kota Kinabalu International Airport. Once completed, the resort will have 360 premium rooms and 40 luxury suites.

In Singapore, the Good Class Bungalow (GCB) market has witnessed a revival with recent high-profile deals. In 3Q2024 to date, the number of transactions and transaction value of GCBs sold have already surpassed those of the last two quarters.

Meanwhile, Indonesia is set to inaugurate its unfinished future capital city, Nusantara, which is located on the island of Borneo, as funding struggles, missed deadlines and a change in the country’s leadership weigh on the multi-billion-dollar project.

Read all this in the August 26 issue of The Edge Malaysia weekly. 

https://www.theedgemarkets.com/node/724003