Ara Damansara set to mature
Its upmarket appeal is earning it a reputation as one of the most sought-after addresses in the Klang Valley.
In Depth
Old Town restored to rightful place in history of Ipoh
Just five years ago, the section on the right bank of the Kinta River, which bisects Old Town and New Town, was home to largely dilapidated or condemned buildings and vacant business premises – the result of the collapse of the tin-mining industry in the Kinta Valley in the mid-1980s
PROPERTY SNAPSHOT 4: What’s hot in Subang/Ara Damansara?
What kind of price growth and indicative asking rental yields do non-landed residences in Subang and Ara Damansara fetch? From analysis of transactions by theedgeproperty.com, low-cost apartments and flats charted the highest growth in capital values on a percentage basis.
PROPERTY SNAPSHOT 3: What are developments priced at in Subang/Ara Damansara?
The most expensive address is Oasis Serviced Suites, with an average price of RM744 psf.
KLCC REIT trading at premium with yields at 1%
Relative to other Malaysian REITs, KLCC REIT has been trading at a substantial premium with yields at about 1% above the 10-year Malaysian Government Securities.
PROPERTY SNAPSHOT 2: What's affordable in Subang/Ara Damansara?
Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the combined average transacted price per square foot (psf) was RM384, with an average transacted unit price of RM330,000.
S P Setia’s 9MFY15 results broadly in line with expectations
Note that S P Setia has changed its financial year-end from October to December, and we have applied the same earnings forecasts for the 14 months ending Dec 31, 2015 period as we did for the 12 months ending Oct 31, 2015 period, in view of weak property market conditions and the group’s lowered sales target for this year.
KSL Holdings aims to launch affordable properties
KSL remains an “outperform” albeit the lowered TP as its dividend yield for FY16E remains attractive at 7.7% vs its peers’ average of 5.9%. At our current TP, it implies a 77% discount to its RNAV of RM7.07.
PROPERTY SNAPSHOT 1: Ara Damansara and Subang property markets diverge
Based on theedgeproperty.com’s analysis of transactions, the combined prices of Subang/Ara Damansara properties remained fairly stable in 2012 and 2013, averaging just under RM300 psf, before shooting up to RM384 psf in 3Q2014.
Luxury living at a bargain in Johor Bahru’s ‘Bangsar’
ARC @ Austin Hills is Andaman Group’s first project in Johor Bahru. The three-block serviced apartment project has 1,843 units and a gross development value (GDV) of RM600 million.
