The Central Boulevard white site is the first sale of land in Singapore’s Marina Bay in nine years.

While Gadang has yet to win any construction jobs thus far in FY17, its management appears confident of at least maintaining its robust earnings recorded in FY16.

The Ascent sale will reduce WCT’s net gearing from 81% to 68% on a pro forma basis.

Land is a property developer’s most important asset as it enables the developer to sustain and grow its business. However, land is a limited resource.

The land is located within the Butterworth-Sungai Petani Growth Corridor with access to the North-South Espressway via the Bertam interchange, and is 18km away from Butterworth and 32km from the Penang Bridge.

Simple passive design strategies can help improve the living environment such as smart interior design and eco-friendly paints or coatings.

The stock price has underperformed after the announcement of Brexit and concerns over weaker demand for London property sales as multinational corporations deliberate on relocating their headquarters back to Europe.

We have maintained our earnings estimates pending a possible asset sale, but have decided to maintain our numbers pending new management’s strategy and also due to being wary of negative earnings in upcoming 3QFY16/4QFY16 results.

How are properties in the UK performing post-Brexit vote uncertainty? According to global real estate services provider Savills UK, the decision to leave the European Union (EU) will not severely impact the British property market. In fact, Savills research found there was a rise (from July to end-September) in foreign investments post-Brexit vote.

Stonor 3 was soft-launched in October 2016, while its mixed development project in London is now slated to be unveiled by end-2017, due to slower-than-expected approval for the amended planning permission.