As one of the Klang Valley’s most popular urban centres, non-landed residences in the Damansara/Bandar Utama areas comprise mostly of condominiums targeted to the upper-middle class segment.

We are wary of the local property and land sales moving forward due to the unfavourable sentiments surrounding Nusajaya and the general weaker outlook for the sector. The stock was removed from the MSCI Malaysia Index on May 13, 2015.

Johor Bahru is getting a facelift and it is being done with a royal stamp of approval. On Nov 22, the Sultan of Johor, Sultan Ibrahim Sultan Iskandar, officially launched the Ibrahim International Business District (IIBD) transformation plan, which will see about 250 acres of land in the city centre redeveloped.

Based on theedgeproperty.com’s analysis of transactions, the average price of strata residences here grew sharply in 2013, peaked in 4Q2013 and has since retreated slightly.

Social media is making a real estate career more attractive to newbies, says co-founder and executive director of The One Property International

Tourist arrivals for the first half of the year stood at just 43% of the full-year target and businesses in the sector have remained subdued

For the third quarter ended Sept 30, 2015 (3QFY15), headline net profit of RM86 million brought cumulative nine-month (9MFY15) net profit to RM150 million.

IJM reported net profit of RM174.8 million for its second quarter FY16. The quarterly earnings tumbled 52.8% quarter-on-quarter (q-o-q), but jumped 13.1% year-on-year (y-o-y) as there was an one-off gain derived from the disposal of 74% equity interest in Jaipur Mahua Tollway Pvt Ltd totalling RM168.7 million.

Two projects are being built in Petaling Jaya — one opposite the Tropicana Golf & Country Resort and the other in Section 13 — and another two in Kepong and Bukit Tunku in Kuala Lumpur.