Janet Chong, the go-getter
She has closed 60 to 70 deals every year since she joined the industry.
In Depth
Selangor’s Ampang, the country cousin
This former tin-mining area with Chinese new villages, may not attract the attention of property investors as much as its Kuala Lumpur namesake. But it could be an option for prospective homebuyers looking for affordable homes with ready amenities close to the city centre.
The area also has an authentic unkempt feel about it.
Sunway’s sales target lowered by 41% to RM1 bil
The news is not entirely a surprise to us as we had reduced our FY15 sales estimate earlier in August to RM1.31 billion. However, the amount of reduction is higher than expected as management is now targeting only RM1 billion of sales.
UEM Sunrise to meet FY2015 sales target despite slow start
Following the hugely successful launch of its maiden project at La Trobe Street last year, which saw 95% of the available apartments sold within three weeks, its second project with a gross development value (GDV) of RM965 million is on track to be just as successful.
IGB REIT sees limited upside potential
IGB REIT owns Mid Valley Megamall and The Gardens Mall, located just outside Kuala Lumpur city centre. The adjoining malls are prime shopping hotspots, with consistently near-full occupancy.
IOI Properties’ earnings to be diluted post acquisition
The proposed acquisitions will be funded via a combination of cash and new IOI Property Group shares at an issue price of RM2.21 per share.
Catering for market demand in Penang
Asia Green Group is planning a mixed-use high-rise development, QuayWest Residence, which will boast views of the 362ha island off the southeastern tip of Penang island.
PROPERTY SNAPSHOT 4: What’s hot in Ampang?
A few projects here outperformed the local market. In the 12 months to September 2014, the average price at D’Casa Condominium gained 36.6% y-o-y to RM275 psf. Located in Taman Sri Watan, typical units are between 883 sq ft and 958 sq ft.
E&O to appoint STP2 reclamation works contractor soon
E&O is expected to announce soon the appointment of its Seri Tanjung Pinang phase two (STP2) reclamation contractor involving 384 acres (155.4ha) of reclamation (including 131 acres of the Gurney Drive foreshore for state government) though it has been delayed for a year.
WCT’s TRX land purchase fairly valued
Year to date, WCT has secured a total of RM1.8 billion worth of projects which have surpassed our initial assumption of RM1 billion.
