Demand for property resilient - Malton

SHAH ALAM: There is evidence that demand remains resilient in the property sector although housebuyers are becoming more prudent amid the economic slowdown, said Malton Bhd.

“Our property development in Puchong for example is still having good sales where terrace houses recorded good take-up (rates). Our commercial development is also doing quite well too,” said sales and marketing director Tracey Lai after a signing ceremony between Malton and hypermarket group Carrefour here.

Nevertheless, Lai acknowledged the property market was getting more challenging.

“Buyers are looking for houses that are worth buying, good location and now, they are comparing products offered by the developers before choosing the right one.

“As for us, we are fortunate to have good locations for our developments such as Bukit Rimau township and with new financial packaging strategies offered to buyers, we hope to facilitate their purchase at this time of difficulty,” she said.

Malton executive director Hong Lay Chuan said apart from building a new Carrefour at Bukit Rimau, a new hospital by Columbia Asia Healthcare will also be built there.

“We have about 50 acres of commercial land that are still undeveloped here at Bukit Rimau and with the development of the new hypermarket and hospital, our development here at Bukit Rimau is nearly completed,” he said.

By The Star