Both properties, Mid Valley Megamall and The Gardens Mall, are operating with high occupancy rates of close to 100%, driven by the strategic prime location.

The construction industry is now facing headwinds in view of fewer megaprojects.

WCT had completed several shopping complex projects which include Bahrain City Centre, MyTown Shopping Centre, Bukit Tinggi Shopping Centre and The Curve Shopping Centre.

Unbilled sales of RM128 million and unsold property units valued at RM486 million will contribute to property earnings in FY19 to FY22.

Currently, its outstanding order book inclusive of LRT3 stands at RM5.3 billion (based on previous budget of RM9 billion).

It is a place of tragedy but there are now plans to revive the Highland Towers site located in Ulu Kelang, Selangor. Can it be done?

To save costs, the line is going back to its original alignment and is bidding adieu to six stations – Tropicana/Lien Hoe in Petaling Jaya, Temasya in Glenmarie, Persiaran Hishamuddin and Seksyen 2/SIRIM in Shah Alam, and Bukit Raja and Bandar Botanic in Klang.

New guideline of allowing REITs to engage in property development is a catalyst for this sector, as shorter duration and lesser capital expenditure required for constructing industrial property versus acquisitions.

This was largely attributed to the malls’ prominent location with high shopper traffic and wide catchment areas which, in turn, sustained high demand for the malls’ retail space and rental rates.

In a note yesterday, the research house said the LRT 3 completion is delayed by four years to 2024.