A softer performance seen for Sunway REIT’s hotel segment in FY17
Sunway REIT’s core FY16 net profit was in line with expectations at 99% and 100% of our and consensus estimates respectively.
Sunway REIT’s core FY16 net profit was in line with expectations at 99% and 100% of our and consensus estimates respectively.
The group’s first half ended June 30, 2016 (1HFY16) bottom line of RM52.2 million accounted for 54% and 51% of market and our full-year net earnings forecasts respectively.
Two years ago, Singaporean David Neubronner moved into his new home at Straits View Residences, a gated landed housing community located in the Permas Jaya housing estate of Johor Bahru. He bought the four-bedroom, semi-detached house from Malaysian property group BRDB Developments when the project was launched in Singapore in 2010. The double-storey house has a built-up area of 3,000 sq ft and sits on a freehold land area of 6,000 sq ft.
What types are there and how do you choose one?
Retailers and consultants approached by TheEdgeProperty.com say the engagement with social media or mobile games of Pokémon Go’s stature could be the shot in the arm that the listless retail sector desperately needs.
In Malaysia, within five hours of its official launch last Saturday, the app was ranked No 1 as the top free app and top grossing game.
Sales for UEM Sunrise’s affordable housing projects have been satisfactory but that for high-end/high-rise projects such as Estuari and Almas remain slow.
Mah Sing Group Bhd launched its largest township development yet, at Meridin East in Masai, Johor, over the weekend.
Just last week, Perda City Mall in Bukit Mertajam, Penang, suddenly shut down after a mere 18 months in business. The mall’s operator gave tenants a day’s notice in writing and no explanation, according to people familiar with the matter.
Gamuda Land Sdn Bhd, the property arm of construction group Gamuda Bhd, is known for its successful township developments such as Kota Kemuning, Bandar Botanic, Valencia and Jade Hills in the Klang Valley as well as Horizon Hills in Johor. Kota Kemuning, Bandar Botanic and Valencia, with a total area of more than 3,000 acres, have been fully developed.