The group’s property development division reported an FY18 revenue of RM619.6 million (-31.8% y-o-y) and profit before tax (PBT) of RM158.6 million (-32.6%) mainly due to the adoption of the Malaysian Financial Reporting Standards (MFRS) 15 whereby profits of property development projects in Singapore and China can only be recognised upon completion.

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What happens if the developer is unable to find enough bumiputera buyers for the bumiputera units? 

The numbers on unsold residential units in Malaysia as at 3Q2018.

The recently launched mixed development in Bukit Jalil is called The Tropika. Over 800 people showed up for the Feb 23 launch which has seen 60% of the condominium units in Tower A snapped up in less than a week.

The reclamation works for STP2A are progressing well with 97% completion today (based on two metres above sea level) and on track for completion by year-end and the first launch by mid-2020.

The number of property foreclosures continue to rise from last year. Are there good deals on the auction market?

Sunway Pyramid recorded revenue growth of 3.4% y-o-y as the mall achieved better turnover rent during the period under review.

Many say it is difficult to cope with IBS’ high start-up cost amid demands to lower property prices.

How much more can a well-designed property that is fully furnished fetch in rental compared with a basic unit?