Key contributor of 1QFY19 sales was Plaza @ Kelana Jaya (Block B launched in June, gross development value (GDV) RM144 million, 60% sold).

WCT’s order book increases substantially to around RM6.8 billion (from RM5 billion), which translates into a healthy cover of 4.9 times on financial year 2017 (FY17) construction revenue. 

But it will still fuel growth, albeit at a slower pace compared with 2Q — economists

Co-labs The Starling is the latest and to date, the biggest co-working office by Paramount Coworking, a subsidiary of Paramount Group.

It may be popular among tourists but how attractive is the area to property investors and homebuyers? 

Inspired, Gamuda Land has embodied the oriental art in its 338-acre township called Jade Hills in Kajang, Selangor. The low-density neighbourhood balances premium residences with a lush greenscape complemented by tranquil lakes and gentle hills.

We laud Sunway for its land banking activity in Singapore as they are one of the few developers in town that is landbanking instead of selling land as seen in other developers weathering the weak property sentiment in Malaysia.

Through property development, Country Garden aims to help promote social progress by establishing quality houses and lifestyles through its advanced construction technology and top-notch property management services.

Our top pick for the sector is Sunway REIT (Buy; TP: RM1.93) due to its positive earnings outlook. We believe its retail division will continue to spur earnings growth going forward while the office segment may rebound from its previous low. 

We expect overall margin to remain at a low in the second half (2H) as contractors may continue to be prudent in terms of margin recognition. Industry players are aiming for jobs in Sarawak as emphasis will be placed on state water and rural road projects.