In Depth

Mah Sing earnings visibility remains solid

Feringghi Residence is a freehold development that comprises low-rise condo villas and high-rise resort condos on 61 acres (24.68ha) of elevated land in Batu Feringghi. The gated development is to be developed in three phases. The parcel of land was bought in 2010, and is strategically located along the famed Batu Feringghi tourist belt and 1km away from Hard Rock Hotel Penang.

PROPERTY SNAPSHOT 4: What’s hot in Cheras South?

From analysis of transactions by theedgeproperty.com, most of the projects surveyed in Cheras South charted strong annual gains in average price per square foot (psf) in the 12 months to September 2014, albeit from a low base.

PROPERTY SNAPSHOT 3: What are developments priced at in Cheras South?

Despite its transformation, the majority of non-landed residences in Cheras South still consists primarily of low-cost apartments and flats. In the 12 months to 3Q2014, about half (49.5%) of transactions were under RM200 psf range and another 48.7% in the RM201 – RM400 psf range.