PROPERTY SNAPSHOT 1: Tepid transaction activity in Ampang
Ampang is one of Kuala Lumpur’s most elite neighbourhoods and embassy enclaves and its strata market aims high
In Depth
Zack Ng makes his own luck
He was door-to-door salesman, construction worker, personal trainer and now, real estate negotiator.
Wangsa Maju moves up the value chain
Rail and roadworks begin to add to the appeal of an area on the outskirts of KLCC
WCT secures RM3.1b worth of jobs this year
WCT Holdings Bhd has clinched a third contract from PRPC Utilities and Facilities Sdn Bhd, a unit of Petroliam Nasional Bhd, for utilities interconnecting and off-site facilities.
Iris Corp’s property division to become more prominent
Its property development division will play a prominent role in its future plans. Undoubtedly, contributions from this segment could potentially fill the gap left by the loss of its passport project.
IGB Corp’s St Giles opens The Tank Stream hotel in Sydney
Officially launched on Nov 4, the hotel, which comes under the St Giles Premier Hotel banner, was developed and is operated by Tank Stream Holdings, a subsidiary of IGB Corp.
PROPERTY SNAPSHOT 4: What’s hot in Wangsa Maju?
The local rental market is partly supported by the student population from Tunku Abdul Rahman University College.
S P Setia posts strong set of results
As at end-October, S P Setia locked in new property sales of RM3.4 billion, meeting 86% of its 14-month sales target of RM4 billion for FY15, which was on track.
Demand-supply gap to persist in cement sector
Weakening sectoral growth will be further worsened by the increase of in-house premix cement and concrete plants by the construction companies, such as IJM Corp Bhd and Gamuda Bhd, in order to reduce costs and control the concrete’s mixture quality, and intense pricing, product rivalries and entrance of various dry mix products.
