• Market sentiments for high end condominiums improved towards the later part of
1H2009.
• A significant leasing deal concluded was Shell committing to 340,000 sq ft of office
space in 348 Sentral.
• The retail market saw consumers continuing to tighten their belts amidst economic
uncertainties.
• Weak performance of the hospitality industry due to economic crisis and the worldwide
outbreak of influenza A (H1N1).
Penang
• Good market response to launches of landed housing in Penang.
• The Penang office market has generally remained unchanged at year 2008 level.
Johor
• Investments in infrastructure works in Iskandar Malaysia are progressing, although
launches have been postponed and there were no announcements on new
investments secured.
• The property market in general remains resilient despite the challenging economic
environment.

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