Mah Sing Group Bhd has entered into an agreement with LTS Properties (M) Sdn Bhd, TS Law Corp Sdn Bhd and Law Wai Cheong to acquire 78% of the equity interest in Cosmowealth Housing Development Sdn Bhd for RM54.96 million (to be paid on deferred payment over 72 months).

Mitrajaya Holdings Bhd first financial quarter ended March 31, 2017 is broadly inline. We deem 1QFY17 core net profit (CNP) of RM18.9 million to be broadly within our (19%) and consensus expectations (18%) as we note that the first quarter is typically a seasonally slower quarter for Mitrajaya and we expect construction billings to pick up in the remaining part of the year.

Developers from Singapore, Hong Kong and Malaysia are rolling out global launches of their projects, ahead of punitive property cooling measures effective July 1.

Endah Promenade Condominium’s Management Corporation chairman Sr Siew Yee Hoong shares some practical tips for property management:

Yes, residential units seem to be getting smaller, reflecting the shrinking size of the family unit. But if you think the family should stay together even after your children are married and have their own families, you may be looking for a sizeable property that offers enough space for each extended family to set up their own home within the home.

An age-friendly city is one where older people can move around conveniently and smoothly from one place to another.

Pesona Metro Holdings Bhd reported its first quarter of financial year 2017 (1QFY17) results with revenue of RM160.5 million (+52% quarter-on-quarter [q-o-q], +61% year-on-year [y-o-y]) and earnings of RM6 million (+37% q-o-q, -3% y-o-y).

The take-up rate of new homes has dropped from 117% in March to 96% last month.

UOA Development recorded new property sales of RM303 million in 1QFY17 (at 19% of our full-year new sales target of RM1.6 billion), increasing 79% y-o-y yet declining by 44% quarter-on-quarter.

Property consultants and developers are optimistic in view of the diminishing inventory and a pickup in transactions in the prime districts.