Looking for affordable high-rise residences in a place with established amenities and good accessibility? Look no further than Puchong, Selangor.

The 26 sen special dividend announced is higher than the indicative amount of between 22 sen and 25 sen mentioned in a circular to shareholders for the Suncon IPO.

This is the final part in a series of four snapshots on Puchong.

The Analytics are based on the data available at the date of publication and may be subject to further revision as and when more data is made available to us.

Ipoh folk are opting to live in high rises instead of landed property because of the better security afforded by the former.

IOI Properties targets to launch its second phase of residential properties in IOI Palm City, Xiamen, in 2QFY16. In addition, two office towers and Le Meridien are expected to be completed by the third quarter of calendar year 2016, which should boost its investment properties segment.

The property management segment, on the other hand, continues to be the saving grace for the group, having posted 8.7% y-o-y sales growth, mainly on contributions from its new shopping centres. Last year, Aeon opened a new store in Quill City Mall, Kuala Lumpur, and two new malls in Bukit Mertajam and Taiping.

In recent years, many newer condominiums are increasingly targeted at middle-income segment, especially those in Bandar Puteri Puchong and Bandar Puchong Jaya, which are located closer to Bandar Sunway and IOI Mall.

Anchored originally by IOI Properties’ townships, the Puchong area is vast and has seen the entry of many developers.

One of the most important projects is the RM1.2 bil UMCITY, which is slated to be completed by 3Q2018.