With more than 90% of Amcorp Properties Bhd’s (AmProp) earnings derived from London, we believe Brexit would raise uncertainty over its sales, at least in the near term.

Out of eight property developers under our coverage, two (UEM Sunrise Bhd [UEMS] and Eastern & Oriental Bhd [E&O]) reported earnings below expectations. 

Sentosa Cove has some of the priciest waterfront resort homes built on 99-year leasehold reclaimed land. Even among over-the-top homes, there are those that stand out for their sheer extravagance. One such home that has earned the moniker of the “Copper House” belongs to a Singaporean tycoon who built the property on two adjacent plots of 9,000 sq ft each.

Real estate experts cautioned against reintroducing rent control on heritage and pre-war properties in Penang, as it may drive up the cost of maintaining these properties, lowering their values and impacting tourism as a result.

At 10pm on June 23, the polls for the referendum on whether the UK should remain in or leave the European Union (EU) closed. Some nine hours later, the official results were out and the leave camp was declared the winner by a narrow margin.

Property agents and negotiators should never broker a deal without a method, says IM Global Property Consultants Sdn Bhd founder, managing director and CEO Ishak Ismail.

Since Britons voted to leave the European Union (EU) in the referendum on June 23, global markets have been reeling as the UK and the world come to terms with the implications. The “Brexit” vote has left local and foreign investors in a state of uncertainty, including those in the real estate market and residential letting in London.

Developers with a chunk of their sales in affordable housing are expected to weather the storm much better than those with high-end products, say analysts and real estate consultants.

Rental yields are higher in Subang than in Ara Damansara, due to the lower capital bases and generally smaller unit sizes found at the apartments and low-cost flats in Subang.

Mention Damansara Heights and many assume that those who live there belong to the upper echelons of society, own palatial mansions and have a high net worth. That may not be true of course, but the area has an undeniable cachet that has made it a property hotspot.