AffinHwang Capital Research said nearby properties and landbank of the proposed alignment would enjoy spillover effects and price appreciation
The research house said that indicators wise, the MACD was marginally above the 9-day moving average line with the buy signal remaining intact
In its evening edition yesterday, the research house said Mah Sing continued to stay below the 20-day and 50-day moving average lines.
Upon completion of the proposed disposal, Vintage Heights is expected to realise a net gain on disposal of approximately RM290 million. About RM116 million is expected to be attributable to Guocoland.
TheEdgeProperty.com, which in May launched property portals for Malaysia (www.theedgeproperty.com.my) and Singapore (www.theedgeproperty.com.sg), has seen traffic to the two sites grow by leaps and bounds, especially in September and October.
Based on an indicative issue price of RM1.24 per placement share, the exercise is expected to raise gross proceeds of between RM443.072 million (minimum scenario) and RM612.08 million (maximum scenario).
Naza TTDI will work on a 12.7-acre residential development that will comprise 278 residential units in Kwasa Damansara.
In a note today, the research house said that New South Wales (capital city: Sydney) will be proposing a stamp duty surcharge of 4% in its 21 June’s Budget following the move by Victorian and Queensland.