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).

Since the turn of the century, the townships of Sitiawan, Seri Manjung, Lumut, Pangkor and their surrounding areas have grown rapidly in infrastructural and basic amenities, including government office buildings, schools, sports stadiums, hotels, entertainment outlets, eateries, and shopping centres, as well as welcoming an influx of people, businesses and economic wealth.

In the review period, transactions of non-landed residences in the secondary market have yet to breach the RM1,000 psf level.

183 Ampang, a low-rise resort-style condominium on a 3.04-acre site off Jalan Ampang, is owned by Awana Goldhill Sdn Bhd

Unlike the old Seremban town, where businesses pull down their shutters at nightfall, the younger Seremban 2 and upcoming Seremban 3 are up into the wee hours with an array of eateries and coffee joints.

Taman Desa was originally developed in the 1970s as an upper-middle class enclave of houses and bungalows.