In Depth

HSL’s two major jobs to kick off in 2017

2016 saw two sizeable job wins which lifted Hock Seng Lee Bhd’s (HSL) outstanding order book to a record RM2.2 billion. Physical construction has, however, been slow, and is expected to progress meaningfully only in 2017.

Knight Frank Singapore bracing for the next lap

In December, Knight Frank Singapore relocated from its office on the 30th floor of Hong Leong Building. As it had been a tenant there for 30 years, the move was captured on video and uploaded to YouTube on Jan 11. Twin sisters and receptionists, Anne and Irene Law, who have welcomed visitors to the Knight Frank Singapore office for a decade, shed tears as they left the premises.

Sunway to acquire leasehold land in Jalan Peel

Sunway Bhd entered into a joint venture (JV) agreement to acquire Austral Meridian Property Sdn Bhd which will enable Sunway to gain an additional 3.41ha of leasehold land in Jalan Peel.

M101 partners Studio F. A. Porsche for design suites

Ritzy, designer serviced suites have gained in popularity in recent times. These opulent residences are a result of the collaboration between developers and luxury brands, and have come about as purchasers grow more brand-conscious. Most of these projects, such as the Armani Residences at Burj Khalifa in Dubai and the Bulgari Residences in Knightsbridge in the UK, have been successful.

Soft market, new opportunities

While there was a sharp drop in the volume of transactions across all subsectors in the property market last year, average prices per unit are still increasing 5%, says CBRE | WTW managing director Foo Gee Jen in presenting the Malaysia series of the property consultancy firm’s Asia-Pacific Real Estate Market Outlook for 2017. The number of transactions dipped 12% to 239,798 as at 3Q2016 from 272,550 as at 3Q2015.

KLK to release 1QFY17 financial results tomorrow

Kuala Lumpur Kepong Bhd (KLK) is expected to release its first quarter financial year 2017 (1QFY17) financial results tomorrow. We are expecting its core net income to be in the range of RM320 million to RM350 million.

Learn how to go head-on with the disruptors

Like it or not, almost every business sector is being impacted by the digital disruption wave and traditional businesses have to undergo digital transformation in order to keep their businesses running, including the real estate industry.