SS2, which was first developed in the 1970s by S.E.A Housing Corp Sdn Bhd, is one of the largest districts of Petaling Jaya featuring one of its most established commercial hubs.

The Parque Residences is envisioned to cultivate a close-knit community like in the good old days when neighbours are like an extended family.

Its CNP declined by 11% on the back of weaker manufacturing earnings before interest and tax (-30%) as margins slipped to 7% (from 10%) likely on commencement of new consumer product plants, as well as competitive pricing strategies to gain market share.

Three out of the seven developers in our coverage (Eco World Development Group Bhd, LBS Bina Group Bhd and S P Setia Bhd) target 5% to 21% sales growth in 2017 while Mah Sing Group Bhd aims to at least maintain its FY2016 sales level.  

The new SSD rates will be 12%, 8% and 4% of the property value for homes sold within the first, second and third year of purchase respectively.

The key reason for venturing beyond Singapore was largely due to “the property cooling measures” rolled out in phases over the past seven years, according to Mohamed Ismail Gafoor, CEO of PropNex Realty.

The Working Capitol launched its second co-working location on March 13. Occupying 55,000 sq ft of space across 11 floors of the 19-storey tower at 140 Robinson Road, it is the biggest co-working space in the CBD so far.

The strong revenue growth is due to ongoing recognition of projects in the Klang Valley (Eco Majestic, Eco Sanctuary and Eco Sky), Iskandar Malaysia (Eco Botanic, Eco Spring, Eco Summer, Eco Business Park 1, Eco Tropics and Eco Business Park III) and Penang (Eco Meadows and Eco Terraces).

In its latest Asia Pacific Prime Office Rental Index for 4Q2016, global property consultancy Knight Frank found that 12 cities out of 19 surveyed in the Asia-Pacific region have registered positive rental growth in 4Q2016, up from eight in the previous quarter. As a result, the rental index has increased 1.3% quarter-on-quarter (q-o-q) and 2% year-on-year (y-o-y).

Kenanga Investment Bank Bhd believes the property sector is bottoming out but still lacks strong catalysts. The bank is advising investors to be selective in their investments, says head of equity research Sarah Lim.