PROPERTY SNAPSHOT 4: What’s hot in Brickfields?
The highest relative price growth can be found at Villa Scott within the heart of Brickfields.
In Depth
Higher sales expected for Tambun Indah this year
New sales reached RM70 million in 4Q against RM22 million in 3Q when Tambun Indah was still awaiting the APDL. Its full-year sales amounted to RM263.41 million, down from RM429.11 million in 2014, given the slow approval process.
Muted growth seen in Johor for last quarter
According to data provided by KGV International, only seven new non-landed projects or phases were launched in the last quarter of 2015. Two notable launches were Eco Palladium at Tebrau by Eco World Development Group Bhd and the first phase of Forest City at Tanjung Kupang by Country Garden PacificView Sdn Bhd.
PROPERTY SNAPSHOT 3: What are developments priced in Brickfields?
Luxury condominiums are located closest to KL Sentral while the mid-cost condominiums are located further away.
MRT 2 major awards in the offing
MRT 2 is estimated to have an end-to-end journey time of 82 minutes. The proposed alignment moves along the Sungai Buloh-Serdang-Putrajaya corridor.
Eng Han grows its property development unit
Eng Han Group’s portfolio includes Premiere Hotel in Bandar Bukit Tinggi, Klang; Wisma LYL in Petaling Jaya; Mesa Hill in Nilai, Negeri Sembilan; M City in Jalan Ampang; Aston Kiara 3 in Mont’Kiara and Nadayu 92 in Kajang.
PROPERTY SNAPSHOT 2: What’s affordable in Brickfields?
Brickfields offers a diversity of properties. Some 31% of transactions were for units priced over RM1 million while 15.5% were in the range of RM400,001 – RM500,000 and 12.1% were in the range of RM800,001 – RM900,000.
S P Setia surpasses RM4 bil sales target
Sales of the Battersea project may remain slow, given the upcoming supply in the Nine Elms area and the stamp duty hike in the UK last year.
LBS Bina FY16 underpinned by sizeable unbilled sales
On a q-o-q basis, LBS posted a better net profit backed by higher progress billings as more houses were handed over to buyers and higher product margin. However, on a y-o-y basis, the group’s net earnings were slightly lower, affected by a higher effective tax rate despite achieving higher revenue and profit before tax.
OSK Property aims high
OSK Holdings last year restructured its businesses under property, construction, hospitality, manufacturing as well as financial services and timeshare. In the revamp, OSK Property and PJ Development Holdings Bhd (PJD) were merged into one business entity with a single identity and brand and called OSK Property.
