In Depth

Office segment a drag for Sunway REIT on high vacancy rate

The retail segment continued to drive Sunway Real Estate Investment Trust (REIT)’s earnings growth, primarily from resilient performance of Sunway Pyramid shopping mall (+4.1%) and SunCity Ipoh (+0.0%) as well as improved performance of newly opened Sunway Putra Mall (+1,746.4%).

The Henge set to change Kepong skyline

Drawing inspiration from Stonehenge, England, the façade of The Henge is made up of four tall buildings surrounding 29 condominium facilities.

PROPERTY SNAPSHOT 1: Shah Alam in transition

Shah Alam is fairly large, with the areas covered in this study spanning from Kayangan Heights and Alam Budiman to the north to Kampung Lombong and Kampung Jalan Kebun to the south.

Two major property players expanding landbank

The slowdown in the real estate market does not seem to have deterred property-related companies from buying more land. This could be due to the belief that as land is scarce, they should move fast if an opportunity arises.