EcoWorld’s results broadly within expectations
Quarter-on-quarter, EcoWorld’s earnings were up by 5% albeit a 32% decline in revenue.
PROPERTY SNAPSHOT 1: Dutamas average price up 6.6% y-o-y
This week, the spotlight falls on the secondary market of non-landed residences within the growing suburb of Dutamas, neigbouring Mont’Kiara in Kuala Lumpur.
Area Management builds Malaysia’s first inner-city mega distribution hub
Real estate private equity and advisory firm Area Management Sdn Bhd is building Area Logistics here, the country’s first inner-city mega distribution hub with 1.5 million sq ft of warehouse space, said chairman Datuk Stewart LaBrooy.
AZRB wins RM1.44b MRT viaduct project contract
Ahmad Zaki Resources Bhd has been awarded the first viaduct work package for the construction of the Mass Rapid Transit (MRT) Sungai Buloh-Serdang-Putrajaya (SSP) Line, worth RM1.44 billion.
Glomac’s earnings dragged down by weak property market
The lower-than-expected earnings were attributed to lower margins, impacted by a higher interest cost, which rose 63.7% year-on-year to RM15.09 million in 9MFY16.
Selangor Properties slips into the red on forex losses
Selangor Properties Bhd started off its current financial year ending Oct 31, 2016 (FY16) on the wrong foot, reporting a net loss of RM16.11 million for the first quarter as a stronger ringgit wreaked losses in its investment holding division.
Bukit Bintang City Centre serviced apartments priced indicatively at RM1,600 psf
Bukit Bintang City Centre’s (BBCC) serviced apartments – which will be open for a public preview this weekend – will be priced indicatively at RM1,600 psf, said a personnel from developer BBCC Development Sdn Bhd.
Glomac to roll out RM627m worth of properties in 2HFY16
Property developer Glomac Bhd said it plans to roll out RM627 million new launches in the second half of the financial year ending April 30, 2016 (2HFY16), where four out of the five planned projects are in the affordable landed residential segment.
PROPERTY SNAPSHOT 4: What’s hot in Kerinchi/Pantai?
Overall, capital values do not seem to have changed significantly. The low-to-mid-end segment appears to lead in terms of average price growth with the exception of Zehn Bukit Pantai. The luxury condominium registered the highest average price growth, gaining RM74 psf y-o-y to reach an average of RM731 psf in the 12 months to 1Q2015.
PROPERTY SNAPSHOT 3: What are developments priced in Kerinchi/Pantai?
Prices within Kerinchi/Pantai range widely depending on the property; whether they are low-cost flats, mid-ranged condominiums, SoHo-like residences or modern luxury condominiums.
