PETALING JAYA: Developers with projects in Malaysia have turned Hong Kong’s adversity into an opportunity.
A few developers with projects in Malaysia have launched or are planning to market their projects there.
Property tycoon Tan Sri Desmond Lim Siew Choon, who is building the 15.89-acre Pavilion Damansara Heights with the Canada Pension Plan Investment Board in a joint venture, has sold 170 units of the Pavilion residences to Hong Kong buyers, sources said. Developer Impian Ekspresi Sdn Bhd, Lim’s private entity, is the vehicle for the 51:49 joint venture.
“There was a surge in sales the last couple of weeks with 50 to 60 contracts signed in a week, compared with 10 before the street demonstrations became violent, ” a source said.