Given the soft property market environment, UOA Development Bhd is planning only four launches in 2016, with an estimated gross development value (GDV) of RM3.5 billion. 

Most buyers selective and careful with their purchases.

The Penang Transport Master Plan is expected to improve connectivity in the area with the Bayan Lepas LRT line from Gurney Drive to Teluk Kumbar and Batu Maung; and the Pan Island Link Highway project from Gurney Drive to Bayan Lepas.

Yong Tai Bhd will debut its RM5.4 bil Impression City development this year.

Central City Kuala Lumpur’s location looks hard to beat but prices of non-landed residences have moderated recently.

The management expects the challenging operating environment in its UK operations to continue going forward. The UK operations typically contribute 10% of group earnings.

Heatherwick Studio by Thomas Heatherwick is no stranger to the architectural community. It designed the hammered copper cauldron for the 2012 London Olympics; the UK Pavilion at the Shanghai World Expo 2010; and a futuristic version of London’s double-decker bus.

The intensive construction of public transport infrastructure and residential development projects seem to be inspired by Singapore.

We are not surprised with Hua Yang’s land acquisition down south as management highlighted that it had been actively looking for landbanking opportunities in several locations, ie central, north and south.

In the background of eye-bulging record prices, the average price of condominiums in the area was RM432 psf in 1Q2015, up 18.7% y-o-y.