Property stocks regaining lustre?

KUALA LUMPUR: Property stocks may be regaining their lustre as sales showed a pickup in the second quarter (2Q) of the year, fuelling hopes developers could make a turnaround in earnings faster than expected.According to ECM Libra Research, the KLCI property index had gained 4.9% in June, with all property stocks under its coverage in positive territory. However, total property sales in 1Q09 re

Embracing change

Change can be difficult after 45 years of doing the same thing.

My Dream Home 2009: Homes that are one of a kind

What is a dream home? While the answer may differ from person to person, the haven/The Edge My Dream Home Awards recognise homes that are one of a kind and outstanding in design.

The Enclave brings resort lifestyle to Ipoh

Impiana Group is generally known more as an owner of hotels, such as the Impiana KLCC in Kuala Lumpur, Impiana Resort Cherating in Kuantan and several hotels in Thailand, than as a property developer. However, the group — through its subsidiary, Rimbunan Raya Sdn Bhd — has been active on the property development scene in Ipoh for a number of years.

Helping the MPI meet its target

The government has once again sent a strong signal of its desire to promote Malaysia as an international real estate investment hub.

Singapore Briefs

2Q home sales exceed entire 2008 figure The total number of new homes sold in 2Q2009 exceeded that in 2008, says Li Hiaw Ho, executive director of CBRE Research. URA data shows that 4,654 new homes were sold in 2Q, compared with 4,264 sold for the whole of 2008.

Upcoming launches

An estimated RM1 billion worth of Selangor State Development Corporation (PKNS) homes will be offered for sale this year. A series of home ownership campaigns introduced since February has shown encouraging sales.

Singapore Briefs

Development charges cut again More than half (68 out of 118) the commercial use group will see development charges (DC) fall following the revision by the Ministry of National Development. Overall, the commercial group DC rate has dropped an average of 3.9% this round (Sept 1, 2009 to March 31, 2010) compared with the average decrease of 4.4% in March 2009.

Singapore Briefs

Auction sales soar during Hungry Ghost festivalColliers International reports that 14 properties totalling S$25.92 million (RM63.78 million) were sold under the hammer during the Hungry Ghost festival (Aug 20 to Sept 18), the highest value in three years. This was a better performance than last year’s S$22.75 million over the same festival period.

Singapore Briefs

Singapore Land Authority land sales down 41% Singapore Land Authority reported a 41% fall in land sale revenue to S$7.3 billion (RM17.6 billion) for the year ended March 31. The largest sale was for Atrium@Orchard, at S$840 million.