Backed by sterling credentials helming City Motors Group, famous for being the sole distributor in Asia for Alfa Romeo Cars in the 1960s, the group is now set to rev it up by expanding its property portfolio as well as diversifying into the property investment segment including the hospitality business.
Chia foresees the developer making exceptions to its designs to bear in mind the dire consequences of Covid-19, hence more physical space and more healthcare amenities.
Savills Malaysia Sdn Bhd group managing director Datuk Paul Khong says the high-end condominium market is anticipated to stay subdued for at least the first two quarters of 2022.