Rental yields in Kota Damansara are fairly decent, especially in two key markets – the lower end market and those that cater to the student population or are near amenities. Most projects provide an annual yield of above 4%, with monthly asking rent of RM1.50 to RM1.70 psf.
Its CEO Datuk Chang Kim Wah said that demand for Eco World properties remained intact due to their prime locations and strong brand name.
In Kota Damansara, the majority (44.3%) of non-landed property transactions were sold within the RM401 to RM600 psf bracket, followed by RM200 to RM400 psf (39.9%) and RM801 to RM1,000 psf (11.1%).
In its evening edition yesterday, the research house said Mah Sing continued to stay below the 20-day and 50-day moving average lines.
The Seremban land was to have an indicative gross development value (GDV) of RM7.5 billion. This was to be developed into a freehold township over a period of seven to eight years.
Al-Salam REIT is seeking to raise gross proceeds of RM252.36 million arising from the issuance of 252.36 million offer units, based on an offer price of RM1 per unit, which will account for 43.5% of the trust.
For the 12 months to 3Q2014, just over half (52.8%) of all non-landed properties transacted in Kota Damansara were within the RM400,001 to RM500,000 price range.
TA Securities senior analyst Ooi Beng Hooi is of the view that the TMP project will provide earnings visibility for Gamuda in the medium term
Kota Damansara started with mostly low and medium-cost housing developed by the Selangor state property arm, in the 1990s. With more amenities added and the entry of private developers, property prices have increased sharply and the neighbourhood is becoming more upmarket.
In a filing on Bursa Malaysia today, Hektar REIT said its revenue for 2QFY15 was RM30.9 million, up 2.6% from RM30.2 million in 2QFY14
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