Daily Industry News Update (20 June 2022)

Property prices to rise by year-end, says report

THE price of residential properties is expected to rise between 5% and 20%, a news report said. Quoting former Real Estate and Housing Developers’ Association (Rehda) chairman, Tan Hun Beng, StarBiz said a price hike is imminent due to higher construction costs.

SkyWorld To Launch Four KL Projects This Year

City developer SkyWorld Development Group plans to launch four projects in Kuala Lumpur this year at various strategic locations in Setapak, Cheras, Taman Melawati and Setiawangsa.