Holding power and innovation are the key until the next catalysts emerge

Based on theedgeproperty.com’s analysis of transactions, both prices and transaction volumes of non-landed residences in Ampang, Selangor have softened in 2014 since hitting their peak in 4Q2013.

The rental investment sub-sector will continue to be bright.

New developments and future MRT stations in the area boost secondary market prices.

Sunway Construction Group is the largest pure play integrated construction company listed on Bursa. SCG has extensive experience in handling public and private infrastructure jobs, including railway jobs such as the Light Rail Transit and the Mass Rapid Transit systems.

While investors may treat the asset injection news positively, PavREIT’s one-year forward yield of 5.5% implies a spread of less than 1.5% over the benchmark 10-year Malaysian Government Securities yield, which is thinner than other Malaysian REITS (M-REIT) peers. This suggests that the potential from asset injection has been priced in.

Perhaps the biggest appeal of new developments in suburban areas is the price. Homes that are far from the city centre are much cheaper.

The highest growth in capital values was among affordable apartments, led by Taman Kajang Utama (+34.3% y-o-y average transacted price) and Taman Cheras Prima (+32.6% y-o-y).

Newer condominiums in Kajang cater for slightly more affluent buyers.

WCT is benefiting from the weaker ringgit as the value of its Lusail project in Qatar has increased 14% to RM968 million on currency translation, lifting earnings contribution from this project.