KSL remains an “outperform” albeit the lowered TP as its dividend yield for FY16E remains attractive at 7.7% vs its peers’ average of 5.9%. At our current TP, it implies a 77% discount to its RNAV of RM7.07.

Based on theedgeproperty.com’s analysis of transactions, the combined prices of Subang/Ara Damansara properties remained fairly stable in 2012 and 2013, averaging just under RM300 psf, before shooting up to RM384 psf in 3Q2014. 

ARC @ Austin Hills is Andaman Group’s first project in Johor Bahru. The three-block serviced apartment project has 1,843 units and a gross development value (GDV) of RM600 million.

In 1Q2015, the average selling prices of Johor high-rises and landed properties sampled remained flat. In fact, the prices of all landed properties sampled have not changed since 4Q2014.

First developed in the 1970s, Taman Desa remains one of the most popular residential suburbs in Kuala Lumpur for both homeowners and developers. Its appeal lies in its location and connectivity to the city centre and other areas in the Klang Valley.

We believe that the REIT should focus on filling up its vacant spaces in Axis Business Park and Axis Eureka (which currently have occupancy rates of below 60%), as this could potentially boost  distribution per unit contribution by about 3.9 sen.

IGB Real Estate Investment Trust’s (IGB REIT) key strength lies in its track record of high renewal rates with the more established Mid Valley a testament, with occupancy rates consistently at 100% even during challenging economic times. The Gardens also has an occupancy rate of 100% and has seen the entry of new high-profile tenants annually.

Tender and award phases for larger value jobs, both public and private sector-funded, are still in the pipeline, supporting our assumption that new jobs worth RM1.5 billion to RM2 billion will be secured over the next two years.

The highest growth in capital values can be found at Danau Impian, with the average price here up 26.2% to RM474 psf. This could be due to its location, close to shops and eateries, or its pricing. With practical unit sizes between 918 and 1,000 sqft for a 3-bedroom unit, the price quantum for units here fall within the RM400,000 – RM470,000 range.

Documents seen by the digitaledge WEEKLY show that Pelaburan Hartanah Bhd (PHB) is planning to develop a 6.8-acre site in Jalan Conlay, Kuala Lumpur, which used to house the office of the Kuala Lumpur Regional Centre for Arbitration (KLRCA).