Gamuda expects robust property sales of RM500 million to RM520 million in Vietnam, and new overseas ventures in Melbourne and Singapore, to drive overall sales growth from FY16 to FY17.

Management has been prudent in its landbanking exercise and the company has accumulated a solid war chest, which would come in handy once opportunities arise.

Mixed views on when the economy and the property market will improve

On closer inspection, the growth in average price is derived from a lack of transactions in the relatively lower-end segment. Few observed projects displayed significant actual appreciation in capital values. 

Fewer transactions are also anticipated.

Of the top five most expensive projects, most of them (with the exception of The Troika) have smaller than average unit sizes in order to cater to different needs.

Yi-Lai, which is largely off the radar of many investors, would see an exciting transformation ahead.

Australia-based Resimax’s upcoming project — Morang Views — to be developed jointly with Universal Corp, is located in South Morang, 23km southeast of Melbourne’s central business district.

KLCC remains the most exclusive address in the country, with prices here reflecting the prestige of living in the heart of the city.

Despite the challenging property market environment, Paramount’s pipeline launches are carefully chosen to ensure more sustainable sales.