In Depth

PROPERTY SNAPSHOT 1: Prices stabilise in Kelana Jaya

This week, the spotlight falls on the secondary market of non-landed residences in Kelana Jaya, Selangor. The areas covered include Aman Suria, Taman Mayang, Taman Mayang Jaya, Taman Bukit Emas, Taman Kelana Idaman, SS3, SS4, SS5, SS6 and SS7.

Resilient order book could help WCT through tough time

We are expecting its order book to expand to RM1 billion and an improvement of 1.5 percentage points (ppts) of net margin from 13% to 14.5% for financial year ended Dec 31, 2016 (FY16) with its three-year strategic plan.

Renewals and festive spending drive IGB REIT’s 1Q net profit

The key drivers are primarily revenue growth (+4.6% y-o-y) on the back of a stronger rental income (+4.8% y-o-y) and other income growth (+4.0% y-o-y), subsequent to renewals at Mid Valley Megamall (which is staggered at an average of 33% of net lettable area each year) and higher turnover sales (given the festive season in February 2016). This resulted in a 4% y-o-y expansion in net property income.

Iskandar Puteri aims to be business services outsourcing hub

As a greenfield development, Iskandar Puteri in Johor, formerly known as Nusajaya, has gone through two growth phases — infrastructure and property development. The question now is what industry should be promoted to turn it into an economically vibrant city?

Challenging rental market to impact Axis REIT

New office supplies as well as potentially lower rental rates in suburban locations could spur a relocation of some tenants, which are also coping with lower business revenues.

Housing prioritised in London mayoral vote

The implications of this leadership race may not be as far-reaching as the presidential elections across the pond in the United States later this year; nonetheless, London’s mayoral election does attract a fair amount of attention.

Injecting soul back into old KL

Think City and DBKL will support the building owners in restoring the façades. At the same time, they will improve the pedestrian infrastructure to make it more walkable.

Mah Sing to launch well-connected yet green Cerrado

Mah Sing Group Bhd’s latest project, Cerrado Residential Suites, is in the Klang Valley and yet is surrounded by greenery, thanks in part to its location near the Bangi Forest Reserve. The project is within the developer’s largest township, Southville City, in Bangi.