Developers viewed as proxy for economy
Property sector Downgrade to underweight: The broad market has been rebounding on the back of a strengthening ringgit, while the economic outlook appears to have stabilised.
EcoWorld’s results broadly within expectations
Eco World Development Group Bhd (March 25, RM1.
EcoWorld's Majestic Bazaar racks up RM100,000 sales in three hours
SEMENYIH (March 27): Eco World Group Bhd (EcoWorld) sold half of the furniture, home decoration items, and electronic and electrical appliances – valued at RM100,000 – used at some of its show units at its Eco Majestic sales gallery here in the first three hours of its Majestic Bazaar event here today.
UEM Sunrise Verdi condominium topped out
PETALING JAYA (March 25): UEM Sunrise Bhd has completed the topping out for its condominium project, Verdi “eco-dominiums”, in its Symphony Hills development in Cyberjaya, Selangor, the group said in a press statement today.
EcoWorld confident with RM4b sales target for FY2016
SHAH ALAM (March 26): Eco World Development Group Bhd (EcoWorld) is confident of achieving its RM4 billion sales target for its financial year ending October 2016.
Bukit Bintang City Centre serviced apartments priced indicatively at RM1,600 psf
PETALING JAYA (March 24): Bukit Bintang City Centre’s (BBCC) serviced apartments – which will be open for a public preview this weekend – will be priced indicatively at RM1,600 psf, said a personnel from developer BBCC Development Sdn Bhd.
Most developers cautious about FY16 outlook
Property sector Maintain neutral: Among our coverage universe, Matrix Concepts Holdings Bhd is the only developer that has managed to achieve positive growth in full-year sales (+28% year-on-year [y-o-y]) mainly due to its focus on the affordable mass market with a pricing range of below RM600,000.
UEM Sunrise Signature Selection campaign achieves RM215m sales
PETALING JAYA (March 23): UEM Sunrise Bhd has sold a total of 129 properties worth RM215 million across the central and southern regions following its two-month Signature Selection campaign held late last year.
Technology: A threat to real estate agents?
TECHNOLOGY is posing quite a challenge to the conventional way of doing business, including real estate buying, selling and renting.
Specialist commercial property favourite of UHNWI, says Knight Frank
KUALA LUMPUR (MARCH 18): Specialist commercial real estate sector has become an established favourite of ultra-high net wealth individual (UHNWI) investors over the past decade, according to international property consultancy Knight Frank.
