In Depth

PROPERTY SNAPSHOT 1: Tropicana/Sunway Damansara market stable

This week, the spotlight falls on the secondary market of non-landed residences in Tropicana and Sunway Damansara in Selangor. Straddling the more commercial areas of Bandar Utama and Mutiara Damansara, both are fairly similar residential areas, consisting primarily of landed properties.

Specialised malls – carving a niche for themselves

These include Low Yat Plaza, which focuses on IT, digital and mobile phone technology and gadgets, and Viva Home Shopping Centre, which focuses on home furnishings and furniture. Both malls are in Kuala Lumpur.

EcoWorld’s RNAV cut by 6% after project rescission

EcoWorld has paid RM156.25 million for a 20% deposit to Penang Development Corp and will make an announcement in due course after both parties entered into a deed of rescission to give effect to the rescission.

Low prices make property stocks prime M&A targets

Property stocks have gone into a tailspin as the boom years have come to an abrupt halt. Although valuations have eased, developers are still out of favour with investors because of a lack of earnings catalysts for the medium term.