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Article: Clear signs of recovery in property sector: HwangDBS
- Article from:
- New Straits Times
- Article date:
- September 10, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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New Straits Times
09-10-2009
Clear signs of recovery in property sector: HwangDBS
Edition: Main/Lifestyle
Section: Business Times
Type: Company
HWANGDBS Vickers Research Sdn Bhd said there are clear signs of recovery in the property sector extending to the high-end luxury segment.
These are seen in the take-up rate for The Binjai on the Park condominium project at the Kuala Lumpur City Centre, which has picked up from 10 per cent in July 2009 to 35 per cent out of its 171 units.
"Compared with the initial launch in August last year that coincided with the onset of the global financial meltdown, the average sale price (of The Binjai) has been reduced from RM2,800 per sq ft to RM2,400 per sq ...
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