We are expecting its order book to expand to RM1 billion and an improvement of 1.5 percentage points (ppts) of net margin from 13% to 14.5% for financial year ended Dec 31, 2016 (FY16) with its three-year strategic plan.

The key drivers are primarily revenue growth (+4.6% y-o-y) on the back of a stronger rental income (+4.8% y-o-y) and other income growth (+4.0% y-o-y), subsequent to renewals at Mid Valley Megamall (which is staggered at an average of 33% of net lettable area each year) and higher turnover sales (given the festive season in February 2016). This resulted in a 4% y-o-y expansion in net property income.

As a greenfield development, Iskandar Puteri in Johor, formerly known as Nusajaya, has gone through two growth phases — infrastructure and property development. The question now is what industry should be promoted to turn it into an economically vibrant city?

New office supplies as well as potentially lower rental rates in suburban locations could spur a relocation of some tenants, which are also coping with lower business revenues.

The implications of this leadership race may not be as far-reaching as the presidential elections across the pond in the United States later this year; nonetheless, London’s mayoral election does attract a fair amount of attention.

Think City and DBKL will support the building owners in restoring the façades. At the same time, they will improve the pedestrian infrastructure to make it more walkable.

Mah Sing Group Bhd’s latest project, Cerrado Residential Suites, is in the Klang Valley and yet is surrounded by greenery, thanks in part to its location near the Bangi Forest Reserve. The project is within the developer’s largest township, Southville City, in Bangi.

Rental reversion rates are likely to be lower for upcoming expiring net lettable areas (NLAs) with slower year-on-year store sales growth.

Measuring a total of 350km with seven stops, the HSR line involves a double track on standard gauge to move trains that can run at speeds of more than 300kph. At least 60 four-car trains worth around RM5 billion are required to service this line.

Engineering company Purcon Group formed its property development arm eight years ago, when it already had 30 years of experience in construction under its belt. Today, the group has 16 projects in the pipeline, which it plans to launch in the next two to three years, with a total gross development value (GDV) of more than RM400 million. Its new projects include Serene Residences in Rawang and the first condo project in Lahad Datu.