In Depth

Demand for high-end segment remains resilient in Singapore despite higher ABSD

With the new cooling measures, Singaporeans buying their second property will now have to pay 12% ABSD from the previous 7%. Singapore PRs will now have to pay an ABSD of 15%, from the previous 10%, when they purchase a second residential property, while foreigners buying residential property will have now have to pay 20% ABSD from the previous 15%.

The nucleus of Southern Klang Valley

Similarly, in its latest township development Gamuda Cove, the upcoming development’s master plan shows a meticulous integration of commercial, residential and leisure components with nature.

Scientex FY18 core profit above expectations

On the back of a significantly better property Ebit margin of 40% contributed from projects in Johor, Melaka and Ipoh on better operating efficiency and product mix.

Stronger 4Q expected for EcoWorld

Its 10MFY18 new property sales came in at RM2 billion, boosted by the launching of the #OnlyEcoWorld campaign in June 2018.