In Depth

UEM Sunrise to meet FY2015 sales target despite slow start

Following the hugely successful launch of its maiden project at La Trobe Street last year, which saw 95% of the available apartments sold within three weeks, its second project with a gross development value (GDV) of RM965 million is on track to be just as successful.

IGB REIT sees limited upside potential

IGB REIT owns Mid Valley Megamall and The Gardens Mall, located just outside Kuala Lumpur city centre. The adjoining malls are prime shopping hotspots, with consistently near-full occupancy.

Catering for market demand in Penang

Asia Green Group is planning a mixed-use high-rise development, QuayWest Residence, which will boast views of the 362ha island off the southeastern tip of Penang island.

PROPERTY SNAPSHOT 4: What’s hot in Ampang?

A few projects here outperformed the local market. In the 12 months to September 2014, the average price at D’Casa Condominium gained 36.6% y-o-y to RM275 psf. Located in Taman Sri Watan, typical units are between 883 sq ft and 958 sq ft.

E&O to appoint STP2 reclamation works contractor soon

E&O is expected to announce soon the appointment of its Seri Tanjung Pinang phase two (STP2) reclamation contractor involving 384 acres (155.4ha) of reclamation (including 131 acres of the Gurney Drive foreshore for state government) though it has been delayed for a year.

PROPERTY SNAPSHOT 2: What’s affordable in Ampang?

East of Kuala Lumpur city, the Ampang municipality of Selangor is one of the Klang Valley’s oldest ’hoods . Many low-cost flats dot its housing estates while upmarket residences converge around Kelab Darul Ehsan golf course and along Jalan Ampang.

Sungei Wang Plaza to remain a laggard for CMMT

The gross revenue improved mainly due to the completion of the acquisition exercise of Tropicana City Mall and Office Tower, as well as higher rental at East Coast Mall following an asset enhancement exercise.