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.

It is safe to say that private developers have been subdued post-Budget 2017. Industry players, investors and homebuyers had been looking forward to some goodies, particularly initiatives that would increase liquidity such as the easing of lending regulations and a bigger Employees Provident Fund Account 2 allocation. Instead, the thrust of the budget is to address the needs of those in the bottom 40% income group, specifically affordable housing.

“As a market-driven developer, we work towards meeting the needs and demands of our end-users.”

“Our victory is attributed to the strong team work that is the hallmark of Setia’s culture as well as the breadth of our expertise and experience…”

The industry is also being regulated through higher compliance on housing developers, raising the entry barrier for aspiring developers.