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IGB REIT declares distribution of 3.72 sen per unit
On the whole, net property income was up 9.6% y-o-y mainly driven by gross rental income (+7.3% y-o-y) attributed to renewals and additional net lettable area (NLA) of 40,000 sq ft, as well as a...
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Sunway Putra Mall lifts Sunway REIT’s earnings
Revenue growth came mainly from improved contributions from Sunway Putra Mall (+291% quarter-on-quarter [q-o-q]), which was more than enough to offset the drop in rentals from Sunway Tower (-58%...
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PROPERTY SNAPSHOT 1: Johor Bahru, catalyst city
Local stakeholders are expecting the Singapore to Johor Bahru Rapid Transit System (RTS) and the High Speed Rail (HSR) to Kuala Lumpur to be future catalysts
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PROPERTY SNAPSHOT 2: What’s affordable in Johor Bahru?
While new developments are increasingly more upmarket, the secondary market in Johor Bahru is still concentrated in the mass-market segment.
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Government reduces development expenditure
The government indicated that new projects in the planning stage could be deferred. It is uncertain which projects will be deferred at this stage.
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PROPERTY SNAPSHOT 3: What are prices like in Johor Bahru?
Residents of Bukit Indah benefit from the direct bus from the Bukit Indah Bus Interchange to Jurong East and Boon Lay MRT stations in Singapore.
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PROPERTY SNAPSHOT 4: What's hot in Johor Bahru?
The strata market is diverging into two-tiers. Price growth has stalled in the higher-end segment that targets Singaporeans or Malaysians working in Singapore, due to oversupply. In the mass-market...
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PROPERTY SNAPSHOT 1: Kota Kinabalu property prices remain stable
The lull in the market follows a period of appreciation when price growth was surpassed only by Kuala Lumpur and Penang leading to a flurry of development activity.
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PROPERTY SNAPSHOT 2: What's affordable in Kota Kinabalu?
By average price per unit, the most expensive project was The Loft Private Residences at KK Times Square, at RM909,000. Developed by Asian Pac Holdings, the serviced apartment is part of the KK Times...
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PROPERTY SNAPSHOT 3: What are prices like in Kota Kinabalu?
The city has a fairly sizeable expatriate population who work mainly in the oil and gas industry, and because of the city’s reputation as a retirement and holiday destination.
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PROPERTY SNAPSHOT 4: What's hot in Kota Kinabalu?
Growth in capital values was led by projects in the middle-market segment. The highest relative price growth was at University Condo Apartments 1 on Jalan Sulaman Highway
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AmProp’s 9MFY16 net profit more than doubles to RM83.8 mil
For the financial period, AmProp recognised a gain of RM57 million from the disposal of the 4B Merchant Square in London. This was accompanied by foreign exchange (forex) gains of RM23 million, due to...
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Sunway Construction’s job win momentum seen persisting into 2016
Leveraging on its experience in Klang Valley mass rapid transit 1 (KVMRT 1), KVLRT 2 and Sunway bus rapid transit (Sunway BRT), it could clinch contracts from KVMRT 2, KVLRT 3 and KL-Klang BRT.
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PROPERTY SNAPSHOT 1: Kuching, a buyer's market
Despite the slowdown in the overall market, the high-rise segment has performed relatively well. Strata units are becoming increasingly viable due to the scarcity of land and the high prices of landed...
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PROPERTY SNAPSHOT 2: What’s affordable in Kuching?
While the newer developments are becoming increasingly more upmarket, the secondary market in Kuching is still concentrated in the mass-market segment.
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PROPERTY SNAPSHOT 3: What are prices like in Kuching?
TheEdgeProperty.com’s analysis of transactions shows the average price of condominiums in the area was RM193 psf in 1Q2015, up 10.8% y-o-y.
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Enhanced structure to put Mah Sing in good stead
Mah Sing indicated that it had repurchased the balance RM315 million nominal value of its redeemable CBs for RM337 million. The CBs had an original nominal value of RM325 million when they were issued...
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WCT hopeful of adding another RM2 bil of jobs in 2016
A recent meeting with the management revealed that the group’s de-gearing exercise is underway with the proposed listing of its investment assets and construction arm, with a target set by end-2016.
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PROPERTY SNAPSHOT 4: What's hot in Kuching?
The highest absolute price growth can be found at SkyVilla Condominium, where the average price rose 18.6% y-o-y to RM333 psf.
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UEM Sunrise, Mulpha in RM5 bil GDV project
The land is at Gerbang Nusajaya and near MIB’s flagship development, Leisure Farm Resort.
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