Preliminary assessment values the Extension at 32 sen per share, based on a dividend discount model methodology. We revise up our 2017 estimate (E) net profit by 4.5% to account for the Extension’s nine-month contribution.

With numerous flats and low-cost apartments in the area, some 56% of residential property sales in the 12 months to 3Q2014 fell within the RM201 – RM400 psf range

ECW’s management is confident that it may be able to rake in RM3 billion in property sales in 2015

Similar to Bangsar South in Kerinchi and KL Sentral in Brickfields, the Sentul Masterplan has contributed towards the increasing gentrification of Sentul

The company’s first project was the Zoo Road residential development in Air Itam. It comprised 11 two-storey terraced houses and was completed in 2002

The Sentul area has undergone extensive redevelopment over the past decade with transformation of the area spearheaded by YTL Land & Development Bhd’s Sentul Masterplan

From a low and mid-income urban hotspot, the Jalan Ipoh is gradually seeing greater redevelopment, buoyed by its proximity to Kuala Lumpur city centre

Aloft KL Sentral is a cool urban oasis with a Malaysian touch

We understand that Axis Business Campus (ABC) is still vacant although the refurbishment has been completed

The older and lower-priced developments in Jalan Ipoh have enjoyed much stronger capital appreciation