In Depth

Crescendo’s 9MFY16 net profit within expectations

However, this is after we cut our earnings forecast by 68% in the second quarter of 2016 due to slower-than-expected billing progress from its property development and construction division, and weak sales.

Experts see diverse performance across the globe

The performance of the different segments — residential, commercial, retail, hospitality and industrial — across all the markets was mixed. The office segment in Hong Kong and China, for example, was vibrant due to foreign investment while in the UK, the commercial segment was strong.

Pavilion REIT makes another acquisition after three months

The Intermark Mall has a total net lettable area of 255,014 sq ft. We believe that the net yield of 6.1% for the three-year-old mall is fair, given its prime location along Jalan Tun Razak, and direct access to the Integra and Vista office towers.