Artists impression of Shorefront in Penang comprising 115 units of sea-front low-rise (six floors) and low-density condominiums.
DESPITE the prevailing soft property market, YTL Land & Development Bhd sees demand for good projects persisting and will proceed with a number of residential projects in Kuala Lumpur and Penang.
The company’s upcoming projects for launch are Pantai Peak at Pantai Hillpark, U Thant Place at Jalan U-Thant, new phases in Sentul West and Sentul East in Kuala Lumpur, and Shorefront in George Town. According to YTL Land executive director Datuk Yeoh Seok Kian, landed properties will be least impacted, as the sector is largely driven by genuine demand for occupation by purchasers, even as these developments may have moved away from city centres. Gated and guarded developments are also well sought after given residents’ priority for safety and security these days.
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