Land Pacific Development Sdn Bhd may be a new kid on the block, but it is very ambitious. It aims to develop projects worth a total of RM2 billion in the next four years, starting with its maiden scheme, Impiana Hills Cheras, which is slated to be launched by next quarter.

Based on transactions analysed by TheEdgeProperty.com, the average price of non-landed homes in the area was RM464 psf in 1Q2015, registering a 15.5% growth from RM402 psf in 1Q2014.

Sales of RM229 million are also lower than expected as they make up only 15% of the management’s annual sales target of RM1.5 billion.

Property development increased by 72% y-o-y, mainly contributed by the Triling project in Singapore and IOI Palm City in Xiamen.

Major launches in FY16 include Sunway Gandaria (gross development value: RM200 million), Sunway Geo Residences 3 (RM400 million), Casa Kiara 3 (RM200 million), Velocity (RM200 million), Sunway Iskandar (RM400 million) and others.

Gabungan AQRS Bhd’s partnership with state-linked companies, including Sabah’s Suria Capital Holdings Bhd and Tanah Makmur Bhd — whose major shareholders include Pahang’s crown prince Tengku Abdullah Sultan Ahmad Shah — puts it in a good position to bag future jobs.

The domestic property market may be experiencing a downturn at the moment but if the response to the public preview of Sunway Bhd’s Sunway Mont Residences in Mont’Kiara is any indication, there are still bright spots in the gloomy outlook.

Non-landed residential property indices in Bukit Jalil appear affordable. Based on TheEdgeProperty.com’s analysis of transactions, the average transacted price of non-landed homes was RM464 per square foot in1Q2015 while the average transacted price per unit was about RM555,000.

A random question that popped into his mind during a motorcycle ride 20 years ago has brought Ng Chong Kiat, managing director of CK East Group, to where he is today.

Popular as a student and sports hub, the neighbourhood is beginning to grow into a lifestyle destination with the second Paradigm Mall and the second Pavilion Mall coming up in the vicinity.