Bandar Kinrara once comprised primarily of low-to-medium cost terrace houses and flats, but newer developments are increasingly upmarket. 

10MFY15 sales were at RM2.37 billion which are within expectations, accounting for 79% of both our and management’s FY15 target of RM3 billion. Major drivers are from Klang Valley projects, consisting 57% of sales such as Eco Majestic and Eco Sanctuary.

Glomac’s 1QFY15 CNI grew 1% year-on-year (y-o-y) to RM21.1 million. Despite the flattish growth in 1QFY16, we anticipate stronger earnings growth in subsequent quarters due to a high contribution expected from Saujana KLIA, which still has unbilled sales of RM240 million.

The Penang Transport Master Plan, which would be managed by the Gamuda Bhd-led consortium, should improve infrastructure and enhance the value of Penang property in the long run. The listing of E&O plc would likely reduce the group’s gearing.

The property is strategically located in Jalan Kewajipan, within the thriving locality of USJ 1, Subang Jaya, and broadly sandwiched between two major highways, namely the Shah Alam Expressway to its north and the Damansara–Puchong Expressway to its south.

Bandar Kinrara enjoys direct access to Kuala Lumpur City via Jalan Klang Lama, and is strategically located between the two growing neighbourhoods of Bukit Jalil and Puchong.

Property auctioneers say the declining number of foreclosures could be attributed to homebuyers being more capable of servicing their loans on time and potential purchasers being able to afford more expensive properties.

The review period saw the completion of Naza Tower (NLA: 506,000 sq ft), Crest Jalan Sultan Ismail (NLA: 190,000 sq ft) and Menara Centara (NLA: 166,000 sq ft), bringing the cumulative supply of office space in Kuala Lumpur City to about 49.82 million sq ft. There were no completions in KL Fringe, so its cumulative supply remained at 21.72 million sq ft.

Its upmarket appeal is earning it a reputation as one of the most sought-after addresses in the Klang Valley.

Just five years ago, the section on the right bank of the Kinta River, which bisects Old Town and New Town, was home to largely  dilapidated or condemned buildings and vacant business premises – the result of the collapse of the tin-mining industry in the Kinta Valley in the mid-1980s