Revenue came in at RM867.1 million, 17.64% less than the RM1.05 billion it recorded in 1QFY21, its bourse filing showed.

According to Kuala Lumpur City Hall (DBKL) in a statement on Monday (May 23), this is due to the incident where a double-storey house was destroyed after a retaining wall at the project site shifted on Sunday (May 22). Additionally, DBKL also mentioned that the Fire and Rescue Department had ordered the occupants of six nearby houses to evacuate.

SkyWorld Development Group Sdn Bhd unveiled the country's highest residential skybridge in SkyAwani 3 Residences on May 20. According to the developer, the skybridge measures 550m long and is located across three interconnected towers on level 52. This allows residents to enjoy unobstructed views of the Kuala Lumpur city centre skyline.

The collaboration was marked by a signing of a Memorandum of Understanding (MoU) on April 27 by Hartamas Real Estate Group founder & managing director Eric Lim and EdgeProp Malaysia managing director Alvin Ong.

The development aims to be the cultural heart and hub for the growing Batu Kawan township – marking Ikano Centres' first foray into the northern region. Ikano Centres is a part of Ikano Retail, which owns the IKEA furniture stores in five countries and shopping centres anchored by IKEA.

Earnings per unit rose to 2.96 sen from 0.94 sen a year earlier, Sunway REIT informed Bursa Malaysia on Wednesday (May 18).

Encorp group chief executive officer Hazurin Harun said the venture will be the group's first property development in Sabah as part of its expansion plan.

Earnings per share rose to 1.45 sen from 1.33 sen previously, according to the property developer’s bourse filing on Wednesday (May 18).

Noteworthy:

• Freehold

• Built-up: 4,716 sq ft

• Land size: 1,582 sq ft

• Fully furnished

• Amenities: Starling Mall, varieties of F&B outlets and convenience stores, financial institutions and KPJ Damansara Specialist Hospital

• Accessibility: Damansara-Puchong Expressway (LDP), Sprint Expressway and Jalan Damansara

When: October 2021

The Asia-Pacific Prime Office Rental Index for 1Q2022 increased 0.8% quarter-on-quarter (q-o-q), after rising by 0.3% in the preceding quarter – indicating a sustained economic recovery from 4Q2021. This is despite a turbulent first quarter of the year with multiple resurgences of Covid-19 in several markets, accelerating inflation and the Russian invasion of Ukraine weighing down market sentiments, said Knight Frank.