The improved revenue was mainly attributed to stronger sales and progress billings from the Isola KLCC and PRIYA Scheme Kuantan developments, and initial contribution from the group’s recently soft-launched development, The Mate in Damansara Jaya. OCR also saw higher contributions from construction works for YOLO Signature Suites in 1QFY20.
The majority of the respondents of CBRE’s latest Asia-Pacific Cap Rate Flash survey expected investment enquiries to return to normal in the next three to six months, indicating a gradual increase in the number of transactions in the coming quarters.
The London property market has been under scrutiny since before the UK’s vote to leave the European Union (Brexit). The shock and jitters in the property market have subsided somewhat, and the falling pound sterling means better deals for foreign investors.
Penang Island, in particular, has been seeing a lively and resilient property market for a long time. However, it is not immune to the current property market slowdown.
THERE is no doubt Bon Estates Sdn Bhd’s stylish new show gallery in Bangsar — with marble and wood contrasting on the floors and walls, water features, high ceilings and tall windows — was designed to impress.
The domestic property market is likely to remain slow in terms of transaction volume going forward. This will be mainly due to the weak economy and stringent bank lending policies, says Jeffri Rahim, vice-president of project marketing and estate agency at Savills (M) Sdn Bhd, when presenting The Edge/ Savills Klang Valley Residential Monitor 2Q2016.
Cranes, scaffolding and tractors are a common sight around the Klang Valley. From houses and high-rises to highways and urban transport systems, something is always being built.