News about Damansara

•     This week, the spotlight falls on the secondary market of non-landed residences in Ara Damansara and the adjacent Subang area.

PETALING JAYA (July 2): Property values in Damansara Heights — popularly known as the Beverly Hills of Kuala Lumpur — are expected to hold firm despite tough economic conditions, propped up by new property and infrastructure developments, said property experts.

KUALA LUMPUR (June 29): Bina Puri Holdings Bhd, whose net profit slumped 34.

KUALA LUMPUR (June 28): JAKS Resources Bhd aims to divest the newly opened Evolve Concept Mall near Ara Damansara, Selangor, within a year to further enhance its financial position.

DEVELOPED by Land & General Bhd back in the 1990s, Bandar Sri Damansara is becoming increasingly affluent.

Glomac Bhd (June 20, 78 sen) Maintain hold with an unchanged target price (TP) of 76 sen: Glomac Bhd’s financial year ended April 30, 2016 (FY16) year-on-year (y-o-y) core net profit growth of 28% came in as per our expectations but below consensus.

KUALA LUMPUR: Tropicana Corp Bhd plans to launch three new phases in its existing developments in early July, with the phases worth RM889 million in gross development value (GDV), according to the its group managing director, Daniel Teh.

LET’S face it; we all hate getting stuck in traffic jams.

KUALA LUMPUR (June 16): Property developer Glomac Bhd, whose latest quarterly profit has fallen 26% according to its bourse filing yesterday, is planning RM1.

•    Today, we look at price growth and indicative rental yields for non-landed homes in Tropicana/Sunway Damansara.