It is the strength of a neighbourhood community that enhances the value of a property in the long run, says veteran property developer Tan Sri Teo Chiang Kok.

Protasco Bhd is adopting the new urbanism concept in its maiden project, De Centrum City, in Kajang, Selangor. The group, which is known more for its infrastructure construction and engineering businesses, is aiming high with its property development division.

The property market in Subang Jaya falls primarily within the mid- to high-end segment. In the 12 months to 1Q2015, 35.9% of the secondary non-landed residential transactions were within the RM601 – RM800 psf range. Another 29.3% fell within the RM401 – RM600 psf range.

While some major developers are holding back their launches in view of the challenging market conditions, SkyWorld Development Sdn Bhd aims to make its presence known to the public. It has three new launches planned this year in Kuala Lumpur, with a total gross development value (GDV) of almost RM1.4 billion.

A better home in the 21st century is one that provides its occupants with a better quality of life, say members of Rehda Youth, the youth wing of the Real Estate and Housing Developers’ Association (Rehda). This entails far more than the design and construction of the physical building as various intangible factors come into play.

Residences in Subang Jaya are concentrated primarily around the commercial strip of SS16 and around the Subang Ria Recreational Park in SS12.

S P Setia Bhd’s net profit rose by 22% year-on-year (y-o-y) to RM123.4 million.

Last Thursday, Mass Rapid Transit Corp Sdn Bhd (MRT Corp) announced that it had awarded two viaduct packages, V210 and V203, with Malaysian Resources Corp Bhd (MRCB) bagging V210 worth RM648 million. V210 consists of a 2.6km viaduct guideway and other associated works from Persiaran Apec in Cyberjaya to Putrajaya Sentral, part of the four work package contracts awarded for the construction of the mass rapid transit (MRT) Sungai Buloh-Serdang-Putrajaya line (MRT2), with a combined value of RM4.2 billion. We gather that MRCB has not received any official letter from MRT Corp, which explains the absence of an announcement to Bursa Malaysia on the job award.

Members of Rehda Youth, the youth wing of the Real Estate and Housing Developers’ Association Malaysia (Rehda) always have their fingers on the pulse of the property industry. These young developers keep abreast of the challenges and trends in the market and are well aware of the buying behaviours of their target market.

This week, the focus is on the secondary market of non-landed residences in one of Klang Valley’s most coveted addresses: Subang Jaya. Subang Jaya in this study is limited to residential and commercial areas covered by SS12 to SS19, as well as the industrial zones around the Subang Hi-Tech Industrial Park.