Property news highlights for the week 30 August – 5 September 2012
Malaysia
The bullish sentiments of commercial property developers in the Klang Valleyregion is sparking concerns over possible oversupply. Mah Sing Group Bhd hopes that the upcoming Budget 2013 will have more financial incentives, tax breaks or infrastructure projects to benefit the property sector. Malaysian real estate investment trusts (M-REITs) said that a loosening of the withholding tax structure will encourage higher foreign interest in the sector. SP Setia is offering attractively priced package deals for retail and office units at the newly launched Aeropod Block H. UDA Holdings Bhd has confirmed thatKompleks Niaga Utama (KNU) at Bangsar will be redeveloped next year.
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