Tenancy agreement with ExxonMobil is likely to be renewed. This is in view of the good relationship established with ExxonMobil and the prime location of the property in the KLCC Development Area.

Apart from being well-diversified, Weida’s balance sheet is relatively strong with a net cash position of RM64.7 million or 4.9 sen per share at the end of the fourth quarter of FY15

Outstanding construction order book of RM1.6 billion and PDP order book of RM12.2 billion should last until 2022

Non-landed properties in the Kerinchi/Pantai area expected to enjoy steady capital appreciation with further gentrification

Proposal will help protect the interests of locals in the housing market, say agents

There is also an option for StorHub to renew the tenancy for a further three terms of three years at a revised rental to be mutually agreed

In the upper-middle class segment, prices at The Park Residences in Bangsar South rose 16.4% y-y to RM726 psf over the same period

The RM1 billion Atria Shopping Gallery re-opened its doors on May 28 as an integrated development consisting of five-storey mall and two towers of Small office Flexible office suites

Based on transactions analysed by theedgeproperty.com, the average price psf of non-landed residences in the Kerinchi, Pantai and Bangsar South areas was RM421 psf in 3Q2014

Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the RM100,001 — RM200,000 price range accounted for the largest market share of transactions (21.3%), and comprise mostly low-end flats