All in, RDI increased by 5.1% after accounting for higher financing cost (+15.5%) to part finance the acquisition of Tropicana City Mall and Tropicana City Office Tower, and additional revolving credit facilities being drawn down for capital expenditure (capex).

At Sutera Harbour Resort in Kota Kinabalu, more than 2,500 people attended a New Year’s Eve party that featured a live performance by Singa­pore band Reverie and a 12-minute fireworks display on the waterfront. This was the third consecutive year that the resort had held such an event, and the turnout was the highest so far. The event was not only attended by hotel guests but also local residents. 

AS the proportion of unprofitable property transactions surged from 9% (508 out of 5,433 matched transactions) in 2015 to 17% (1,002 out of 5,924 matched transactions) in 2016, the losses incurred by sellers climbed 62% from S$161 million to S$260 million over the same period.

FY2016 hotel revenue declined 4% y-o-y due to the commencement of guest room refurbishment in the Mandarin Oriental (MO) and lower food and beverage contribution from rebranding of the Sultan Lounge and Casbah.

A relatively new property developer with only three years of history, Eco World Development has been able to sell properties at an unprecedented pace, reflecting property buyers’ confidence in the group’s strong brand name.

The Chinese capital outflow into the UK continues to be on the uptrend with no sign of tapering even after the Brexit vote in June last year where a referendum was conducted to decide if the UK should stay or leave the European Union (EU). The UK voted to leave the EU, raising uncertainties and concerns among investors.

We believe net property income margins will improve once management rebrands and realigns assets.

Kerjaya’s property arm’s Vista Genting, with a gross development value of RM300 million that was launched in early 2016, has achieved a healthy 60% take-up rate.

Some proposed amendments to the Stamp Act 1949, which seek to impose stricter requirements on the stamping of contracts, have caused a stir among property developers who worry that the amendments will push up their cost of doing business.

Malaysia, with its improving infrastructure, average cost of living, diverse cultures and almost natural disaster-free environment, has attracted many foreigners to live here.