News by M

Seventeen families in Taman Desa Duranta have nowhere to go after being told to vacate by the owner of the land on which their houses sit.

According to its filing, the contract entails the proposed design, construction and completion of the office buildings, together with one block of shared facilities.

A source in the industry said that although Prasarana Malaysia Berhad had announced the appointments of MRCB and George Kent at a press conference on Sept 4, there were many unanswered questions as the consortium had tendered a higher price than the cost of RM9 billion determined by Prasarana.

Note that S P Setia has changed its financial year-end from October to December, and we have applied the same earnings forecasts for the 14 months ending Dec 31, 2015 period as we did for the 12 months ending Oct 31, 2015 period, in view of weak property market conditions and the group’s lowered sales target for this year.

Based on theedgeproperty.com’s analysis of transactions, the combined prices of Subang/Ara Damansara properties remained fairly stable in 2012 and 2013, averaging just under RM300 psf, before shooting up to RM384 psf in 3Q2014. 

The group attributed improved profit to increased revenue and profit recognition from the sales achieved to date, and the timely handovers of its maiden property project, Fulton Lane in Australia, which was accounted based on the completion method.

The land is slated for a light industrial park and is a part of GUH Holdings' plan to cultivate future earnings growth in its property division, it said in a filing with Bursa Malaysia. 

Tender and award phases for larger value jobs, both public and private sector-funded, are still in the pipeline, supporting our assumption that new jobs worth RM1.5 billion to RM2 billion will be secured over the next two years.

The highest growth in capital values can be found at Danau Impian, with the average price here up 26.2% to RM474 psf. This could be due to its location, close to shops and eateries, or its pricing. With practical unit sizes between 918 and 1,000 sqft for a 3-bedroom unit, the price quantum for units here fall within the RM400,000 – RM470,000 range.

Occupying levels 11 to 22 of the 30-storey Causeway Regency residence tower, it will offer a host of conveniences and amenities, on top of great location in the heart of the city.