In a bid to sustain itself in a sluggish local property market, BRDB Developments Sdn Bhd has turned its attention to other parts of the world.

This week, the spotlight falls on the secondary market of non-landed residences within the growing suburb of Dutamas, neigbouring Mont’Kiara in Kuala Lumpur.

THE Klang Valley residential property monitor saw little or no change in prices on a quarterly basis in 4Q2015. In his presentation of the data, Savills (Malaysia) Sdn Bhd vice-president Jeffri Rahim says that both 3Q2015 and 4Q2015 were similar in the “flattening” of residential prices.

Acting and selling real estate seem to be completely unrelated occupations. However, for real estate negotiator Freeman Woo, good actors and good real estate agents share a common value — the ability to put oneself in someone else’s shoes, feeling and understanding what they are thinking or feeling.

THE auction market may offer some good property deals later this year, including new properties that were sold under the Developer Interest Bearing Scheme (DIBS) a few years ago.

The lower-than-expected earnings were attributed to lower margins, impacted by a higher interest cost, which rose 63.7% year-on-year to RM15.09 million in 9MFY16.

KUALA Lumpur city centre (KLCC) has been known as the country’s operational hub for oil and gas industry players since government-owned oil and gas company Petroliam Nasional Bhd (Petronas) established its headquarters at Petronas Twin Towers in 1998.

The majority of the property developers remain cautious about financial year 2016 (FY16) outlook with an average sales target growth of 5%. Matrix Concepts and Eco World Development Group Bhd are more upbeat about annual sales target growth, with 24% and 33% respectively.

Overall, capital values do not seem to have changed significantly. The low-to-mid-end segment appears to lead in terms of average price growth with the exception of Zehn Bukit Pantai. The luxury condominium registered the highest average price growth, gaining RM74 psf y-o-y to reach an average of RM731 psf in the 12 months to 1Q2015.

Prices within Kerinchi/Pantai range widely depending on the property; whether they are low-cost flats, mid-ranged condominiums, SoHo-like residences or modern luxury condominiums.