In Depth

PROPERTY SNAPSHOT 1: Setapak sees steady growth

This week, the spotlight falls on the secondary market of non-landed residences in one of Kuala Lumpur’s oldest suburbs, Setapak. Areas covered span from Taman Melati at the north and bounded by the Duta-Ulu Kelang Expressway (DUKE) at the south.

Is it too late to invest in Australia?

Since the mid-2000s, Australia has seen low interest rates, an abundance of liquidity and strong population growth, underpinned by high levels of immigration. This has led to an increase in demand for real estate that exceeds the supply of new properties, says Ian Chen, founder, owner and group CEO of Jalin Realty International.

Salcon may pay higher dividend for FY16, FY17

Salcon is currently bidding a total tender book of over RM2.2 billion with management’s target of a 20%-30% success rate. These jobs include the Langat 2 WTP Phase II contracts, new alternative water supply jobs in Selangor and the projects from 11MP (11th Malaysia Plan) to reduce non-revenue water (NRW) to 25% from 36.6% in 2013.

Mitrajaya tendering for RM2.7 bil worth of projects

The top three projects are Malaysian Anti-Corruption Commission buildings at Precint 7, Putrajaya, two building blocks of MK22 condominiums, Mont’Kiara and PJ Midtown building and external works.

Penthouses in Singapore attempt rebound

A decade ago, penthouses were fashioned as bungalows in the sky. The higher the altitude and the bigger the penthouse, the loftier the price per square foot. The period after the global financial crisis marked an era in which luxury came with smaller spaces and more palatable price tags.

REITs coming back into vogue

A noticeable uptick occurred in the first quarter ended March 31, 2016, when the market cap of local REITs rose 7.4% to RM26.57 billion.