Goh Youn Peng says the developer is targeting local and foreign high-net-worth individuals for its condominiums in Jalan Stonor, which will be much larger than the average size available in the KLCC area.

Whilst we do not foresee a quick turnaround in the property market, due mainly to deteriorating affordability and cooling measures, we expect UOA to ride through the slowdown fairly comfortably.

The Tropicana address has long been associated with exclusivity. Most homes there are luxury bungalows, but new developments are mostly condominiums as land is now scarce and expensive.

Twenty years ago, Kota Damansara, Selangor, was a rural outpost not many people knew about. However, the pace of development has gradually turned it into one of the most sought-after townships in Petaling Jaya.

Maintain buy with an unchanged target price (TP) of RM3.60.

Rental yields in Kota Damansara are fairly decent, especially in two key markets – the lower end market and those that cater to the student population or are near amenities. Most projects provide an annual yield of above 4%, with monthly asking rent of RM1.50 to RM1.70 psf.

In Kota Damansara, the majority (44.3%) of non-landed property transactions were sold within the RM401 to RM600 psf bracket, followed by RM200 to RM400 psf (39.9%) and RM801 to RM1,000 psf (11.1%).

The office segment will remain challenging for Sunway REIT, with Ranhill WorleyParsons Sdn Bhd and Suruhanjaya Koperasi Malaysia leaving Sunway Tower and Sunway Putra Mall this year.

The Seremban land was to have an indicative gross development value (GDV) of RM7.5 billion. This was to be developed into a freehold township over a period of seven to eight years.

"Our goal, before we retire, is to turn Oriental Realty into a public-listed company"