In Depth

Higher FY20, FY21 profits seen for Sunway REIT

james.chong@bizedge.com — Tue, 19 Mar 2019 02:20:56 +0000

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

Investors believed to be comfortable with Matrix’s IFD project in Jakarta

james.chong@bizedge.com — Tue, 19 Mar 2019 02:12:15 +0000

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

Project tender competition seen to intensify in construction sector

james.chong@bizedge.com — Tue, 19 Mar 2019 02:05:36 +0000

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.

When a developer raises the maintenance fee

james.chong@bizedge.com — Fri, 08 Mar 2019 18:30:00 +0000

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.

Poor transportation connectivity could derail benefits of congestion tax

teh.prisca@gmail.com — Mon, 04 Mar 2019 10:15:00 +0000

There needs to be a seamless public transportation system involving buses and inter-city rail connectivity for the congestion tax to have a positive impact on traffic flow and the environment.

Sunway’s unbilled sales seen to provide good earnings visibility

james.chong@bizedge.com — Mon, 04 Mar 2019 02:10:00 +0000

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.

Incentives for homebuyers

vanessa.gnanasurian@edgeprop.my — Sat, 02 Mar 2019 01:50:08 +0000

Need help in navigating all the government incentives that may be able to help you lower the cost of buying a home? Have a look.

Timely release mechanism of bumiputera lots will reduce price of property

vanessa.gnanasurian@edgeprop.my — Fri, 01 Mar 2019 21:50:25 +0000

What happens if the developer is unable to find enough bumiputera buyers for the bumiputera units?

The state of Malaysian housing supply

vanessa.gnanasurian@edgeprop.my — Fri, 01 Mar 2019 19:50:00 +0000

The numbers on unsold residential units in Malaysia as at 3Q2018.

Five things you need to know about this upcoming development in Bukit Jalil

vanessa.gnanasurian@edgeprop.my — Wed, 27 Feb 2019 07:57:29 +0000

The recently launched mixed development in Bukit Jalil is called The Tropika. Over 800 people showed up for the Feb 23 launch which has seen 60% of the condominium units in Tower A snapped up in less than a week.