Kuantan Properties Booming Yet Rare Earth

The controversial rare earth plant being developed at the Gebeng industrial area near here has not affected the property market. “Sales evidence still shows that there are transactions,” she added, saying she was aware of the fear involving the rare earth dispute. WTW Real Estate Sdn Bhd assistant manager (transactional services) Lok Siew Mei said there were still active property transactions in Kuantan. “These involved new as well as used properties,” she said. While not disclosing the amount involved, Lok assured that the transactions had not dipped despite the controversies surrounding the Lynas Corp plant. “Properties in Kuantan that are priced between RM350,000 and RM400,000 are still selling,” she said. “Buyers have no qualms in making the purchase while the lending situation is still very much the same. “Sales evidence still shows that there are transactions,” she added, saying she was aware of the rare earth dispute. WTW Real Estate Sdn Bhd assistant manager (transactional services) Lok Siew Mei said there were still active property transactions in Kuantan. “These involved new as well as used properties,” she said. While not disclosing the amount involved, Lok assured that the transactions had not dipped despite the controversies surrounding the Lynas Corp plant.