CapitaLand Malaysia Mall Trust’s (CMMT) net property income (NPI) for the first quarter ended March 31, 2017 (1QFY17) slid 1.5% to RM59.72 million from RM60.6 million a year ago, on lower contribution from its Klang Valley shopping malls.

On March 23, a 5,231 sq ft unit at Pandan Valley was sold at a S$1.9 million profit. The seller had bought it at S$1.2 million, or S$233 psf, in October 2005 and sold it at S$3.1 million, or S$600 psf. The profit works out to 157%, or 9% a year over 11½ years.

Despite the rain and having to park their cars across the road at East Coast Park, over 3,000 people thronged the sales gallery of Seaside Residences on April 8, the first day that the ­project opened for preview. Queues at three of the show suites on the second level snaked all the way down the stairs to the reception area. By the close of the weekend of April 8 and 9, an ­estimated 5,000-strong crowd had visited the gallery.

S P Setia Bhd, via its subsidiary S P Setia International (S) Pte Ltd, has been awarded the tender for Singapore’s Toh Tuck Road site by Singapore’s Urban Redevelopment Authority (URA), marking the developer’s third project on the island.

Eastern & Oriental Bhd (E&O) has recorded 87% take-up for phase 2 of its Ariza Seafront Terraces comprising 35 units of landed homes in Seri Tanjung Pinang (STP), Penang. They were launched on March 23.

The average occupancy rate for offices in Kuala Lumpur declined to 77.9% as at end-2016, from 81.2% a year earlier due to new supply that came on stream, exceeding 320,000 sq m, according to the National Property Information Centre’s (Napic) Malaysian Property Market Report 2016 released today.

AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) aims to acquire “trophy assets” in the immediate term, despite the softening property market, said Amanah Raya Bhd’s (ARB) group managing director Adenan Md Yusof.

I-Bhd posted a 21% rise in net profit for the first quarter ended March 31, 2017 (1QFY17) to RM18.59 million from RM15.36 million a year earlier, as contributions from its property development segment improves.

Landmarks Bhd is proposing a private placement to raise as much as RM36.93 million to revitalise and grow its business through the injection of fresh equity into the group, with an indicative issue price of 76 sen per placement share.

The number of loan applications for residential property purchases totalled 168,154.77 in 2016 with 87,550.87 of them being approved. This translates to a loan applications to loan approvals ratio of 52.1%.