The Sun – Wednesday, 02 January 2013
The property market in 2013 is expected to continue moving upwards, supported by the nation’s economic growth and the government’s various initiatives.
The Economic Transformation Programme and projects such as the Mass Rapid Transit and Light Rail Transit, which are part of the plans to become a high-income nation by 2020, would boost the economy and the property market.
The property market over the past 20 years has grown at an encouraging level fueled by healthy domestic demand as Malaysia has a young demographic base. The various government initiatives and projects will lead to sustained demand for quality and high-value properties in strategic locations across the country.
The year 2012
Despite the gloomy outlook of the global economy, the property market experienced moderate growth in 2012 led by strong market confidence in the domestic economy. This was evident from the number of successful projects launched by numerous property developers in the year which had experienced record sales.
In June last year, Trinity Group launched a new mixed-use development in Seri Kembangan – Zeva@Equine South. This project with enhanced lifestyle facilities has attracted strong interest from home buyers with more than 200 units in the first block (consisting of 236 units of serviced apartments) sold within the first five hours of its sales preview.
The positive market response we received to the project signals a robust demand for quality, high value and integrated residential developments which are shaped around the lifestyle aspirations of a new generation of home buyers and investors.
We see the responsible lending guidelines introduced by the central bank as a move in the right direction to contain surging household debt in the country, while the rise in land, labour and building material costs have continue to drive property prices upwards. This trend is not unique to Malaysia and is also happening in other parts of the region.
The year 2012 was also seen as the tipping point for Iskandar Malaysia, Johor, mainly because the crucial projects carried out earlier have been completed or are scheduled to be completed by 2012 and subsequently contribute to the transformation of this economic corridor.
The company
Trinity Group is looking to develop four projects with a total gross development value of RM 1.14billion over the next two years. They will comprise a mix of residential and commercial projects in USJ 19, Ampang, Serdang and Johor.
Besides strategic locations, these developments incorporate great concepts with good facilities, security enhancements and superb features to boot.
