“Why hasn’t it been given a new coat of paint? You will never find this in Singapore!”

What else is there to say about the high-end, high-rise residential neighbourhood on the fringe of KL city centre?

Located in the western coast of Selangor, Klang is relatively close to Kuala Lumpur city, yet it successfully retains most of its local charms despite rapid urbanisation.

Malaysian Resources Corp Bhd (MRCB) proposes a one-for-one renounceable rights issue together with free warrants on the basis of one warrant for every five rights shares (one-for-five).

Mah Sing Group Bhd has entered into an agreement to acquire 3.56 acres (1.44ha) of freehold land in Titiwangsa, Kuala Lumpur. We gather that Mah Sing plans to develop condominiums with an indicative built-up from 850 sq ft (priced from RM485,000) with a total gross development value of up to RM650 million.

UEM Sunrise Bhd reported its first quarter ended March 31, 2017 (1QFY17) core net profit of RM54.4 million (+2% quarter-on-quarter [q-o-q], +17-fold year-on-year [y-o-y]), comprising 27% of our estimates.

There is no denying that more and more people are moving into cities and urban centres to earn a living and to build a future for themselves and their families.

On Tuesday, Eversendai Corp Bhd announced that it had secured new contracts of over RM557.6 million since April, bringing year-to-date (YTD) contracts won to RM1.3 billion.

Over the past decade, condominium projects linked to an MRT station have generated strong sales. This is especially so for projects that are not only linked to an MRT station, but also part of an integrated development with a sizeable commercial component such as a shopping mall.

The office market is now abuzz, as sentiment has swung from pessimism to optimism in just one year. Fears of an oversupply in the office market 18 months ago have evaporated, with investors now forecasting a period of relatively modest supply in 2018 to 2020. Jeremy Lake, CBRE executive director of capital markets, observes: “Singapore goes through periods of too much office space, and then periods of relative shortage.”