In the 12 months to 1Q2015, the majority (64.9%) of secondary strata transactions were within the RM401 – RM600 psf price range. Another 16.4% were for properties priced between RM201 – RM400 psf. Sales valued over RM1,000 psf accounted for only 3.3% of transactions.

As urbanisation gathers pace, so must the rejuvenation of cities if they want to grow and thrive. The good news is that in Malaysia, it is already an ongoing exercise.

“I have no time for gossip. My work, and focus, is to complete and deliver the project,” Datuk Danny Cheah replies when asked about market talk of delays and other issues at the company’s Empire City @ Damansara KL development.

This is not the first piece of land in the city that LGM is monetising.

With limited land in Mont’Kiara, development activity has spilled over to neighbouring areas of Dutamas and North Kiara. Here Dutamas has been defined to include the properties along Jalan Dutamas Raya, an established upmarket condominium enclave within Segambut’s boundaries.

Fundamental data is revealing that the sector may be undergoing a structural change, which may change the traditional property cycle altogether.

Quarter-on-quarter, Gamuda’s net profit was almost unchanged at RM160.1 million as lower profits before tax in the construction division (7.4% lower) and property division (8.1% lesser) were offset by a better performance of its concession division (up 7.1%).

Quarter-on-quarter, EcoWorld’s earnings were up by 5% albeit a 32% decline in revenue.

In a bid to sustain itself in a sluggish local property market, BRDB Developments Sdn Bhd has turned its attention to other parts of the world.

This week, the spotlight falls on the secondary market of non-landed residences within the growing suburb of Dutamas, neigbouring Mont’Kiara in Kuala Lumpur.