Construction and property development company Kenwingston Sdn Bhd may be relatively young — it was incorporated in 2010 by a group of property professionals — but its aggressive strategy saw it grow by leaps and bounds in recent years.

THE leafy neighbourhood of Taman U-Thant in Kuala Lumpur, which is dotted with foreign embassies, ambassador residences, the impressive bungalows of the country’s wealthy and several boutique developments, will soon see a new addition — The Edge of U Thant. The product of boutique developer Artisan Development Sdn Bhd, the gated project with a gross development value of RM300 million will be completed next year.

Also, the presence of Mitsui Fudosan will help enhance marketability and differentiate the BBCC from nearby projects...

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The Malaysian construction sector has been robust — it grew 7.9% in the first quarter and increased to 8.8% in the second quarter, outperforming other economic sectors.

The deferred launch of Sunway Geo Residences 3 is mainly due to resubmission of plan for the subdivision of land to include additional walkway connecting to the bus rapid transit line. The effective sales for the nine months in FY16 already achieved RM638 million, which was contributed mainly by Sunway Mont, Iskandar, Gandaria, Singapore and China.

Kerjaya Prospek Group Bhd, whose main business lies in the construction of high-rise residentials, is unfazed by the current slowdown in the industry. Instead, it has been winning more jobs than in previous years as compared to the property boom cycle.

The Bukit Bintang City Centre (BBCC) retail space will be acquired by the BBCC Retail Portfolio joint venture (JV, which is 50%-owned by Mitsui Fudosan [Asia] Pte Ltd) for RM505.8 million. This is expected and will provide a relief to the group’s balance sheet while impact to its FD sum-of-parts is minimal.

As efforts are made to build a future with cleaner fuel, electric vehicles (EVs) are becoming more popular. And with more EVs on the road, the need for EV charging stations will also rise in tandem.

Having assisted his father Lim Ah Leck who was also a real estate agent and the founder of Tiram Realty since he was a teenager, Lim Boon Ping had followed in his father’s footsteps to make real estate his career more than 20 years ago.