"With the existence of Sub-MCs, property managers can assure fairness to all parcel owners.” 

The 1QFY19 core net income was 163.9% higher year-on-year, mainly due to higher contributions from joint ventures (JVs) and positive ones from associates.

The land in a matured area with established neighbourhoods of Old Klang Road, Sri Petaling, Bukit Jalil and Salak South is just 800m to the Taman Naga Emas mass rapid transit station and 1.1km from the Kajang Dispersal Link Expressway and New Pantai Expressway.

“It is not a two-dimensional thing that we look at. It is a complex and multi-faceted area that we look at,” Governor Datuk Nor Shamsiah Mohd Yunus noted, when asked whether BNM will cut OPR.

Retail properties remain the key driver for Sunway REIT, especially the Sunway Pyramid Mall contributing 56% of total net property income.

Involvement in the development of North Jakarta’s Islamic Financial District (IFD).

Following the recent cancellations/postponements of megaprojects and downsizing of the mass rapid transit 2 and LRT3 projects, coupled with a slower property market, we expect competition in project tenders to intensify.

Being faced with a maintenance fee hike post DLP is quite common, simply because the theoretical calculation of cost and the cost of actual maintenance can never be the same. More often than not, it has to be raised. Whether this is ethical or not, is debatable.

The group’s property development division reported an FY18 revenue of RM619.6 million (-31.8% y-o-y) and profit before tax (PBT) of RM158.6 million (-32.6%) mainly due to the adoption of the Malaysian Financial Reporting Standards (MFRS) 15 whereby profits of property development projects in Singapore and China can only be recognised upon completion.

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