Property prices in Johor’s Iskandar Malaysia is expected to drop in 2017 due to weak market sentiments and other challenges, but there are opportunities for developers to target buyers from overseas.

Sold for: RM435,000 (RM753 psf); Concluded by: Derrick Hum (REN 10765) of Property Exchange (012-723 0309); When: October 2016

The higher revenue and PBIT were mainly fuelled by higher contributions from FCL’s Singapore strategic business unit (SBU) and international business unit.

Singhaiyi says the Singapore real-estate market is expected to be soft in the coming year, while the real estate market in the US remains stable.

Real estate consultancy JLL has introduced VR360, a new technology application that allows clients to watch their real estate projects being built from anywhere in the world.

Tanco Holdings said the price was arrived at on a “willing buyer and willing seller” basis. The disposal, it said, would provide the group with an avenue to unlock and realise the value of the properties.

Oxley Holdings says it is working to reduce its gearing and pursue an asset light business strategy as it continues to expand its operations overseas.

In Knight Frank’s recent “The London Report”, it stated that the Central London property market has witnessed significant capital inflows since the Brexit referendum, despite an initial pause for breath.

Datuk Izham Yusoff: 2017 will continue to be challenging but there is still a huge demand for affordable houses in Kedah, so that is where the sweet spot is.

Following the acquisition, Yanlord’s indirect interest in Shenzhen Long Wei Xin has increased to 94.9% from the initial 75% which was acquired in 2007 for RMB238.7 million.