PROPERTY SNAPSHOT 1: The ever-accelerating Bandar Utama / Damansara 'hood
Based on theedgeproperty.com’s analysis of transactions, the average price of strata residences here grew sharply in 2013, peaked in 4Q2013 and has since retreated slightly.
Based on theedgeproperty.com’s analysis of transactions, the average price of strata residences here grew sharply in 2013, peaked in 4Q2013 and has since retreated slightly.
Social media is making a real estate career more attractive to newbies, says co-founder and executive director of The One Property International
New and younger homebuyers are attracted by its lower price points, ready amenities and good accessibility.
Tourist arrivals for the first half of the year stood at just 43% of the full-year target and businesses in the sector have remained subdued
For the third quarter ended Sept 30, 2015 (3QFY15), headline net profit of RM86 million brought cumulative nine-month (9MFY15) net profit to RM150 million.
IJM reported net profit of RM174.8 million for its second quarter FY16. The quarterly earnings tumbled 52.8% quarter-on-quarter (q-o-q), but jumped 13.1% year-on-year (y-o-y) as there was an one-off gain derived from the disposal of 74% equity interest in Jaipur Mahua Tollway Pvt Ltd totalling RM168.7 million.
Two projects are being built in Petaling Jaya — one opposite the Tropicana Golf & Country Resort and the other in Section 13 — and another two in Kepong and Bukit Tunku in Kuala Lumpur.
At Puchong South, the rental yields as calculated from asking rental prices as observed at June 2015 are fairly average, ranging between 4.3% - 6.5% annually.
The strong earnings were primarily attributed to higher margins from the recently completed Vertical Office Suites. As expected, no dividend was declared for the quarter.