News about ER

KUALA Lumpur city centre (KLCC) has been known as the country’s operational hub for oil and gas industry players since government-owned oil and gas company Petroliam Nasional Bhd (Petronas) established its headquarters at Petronas Twin Towers in 1998.

PETALING JAYA (March 24): Companies are more sensitive and cautious in their spending on office space compared with 20 to 30 years ago, said JLL country head for Malaysia YY Lau.

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.

•    Today, we look at price growth and indicative asking rental yields for non-landed residences in the district of Kerinchi/Pantai.

KUALA LUMPUR (March 23): IOI Properties Group Bhd plans to officially launch two residential blocks of its new freehold mixed development Conezion @ IOI Resort City at Putrajaya this weekend.

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.

KUALA LUMPUR (March 23): Property developer cum resort operator Sentoria Group Bhd bagged two development projects in Kuantan and Sepang that are collectively worth some RM110 million.

•    Today, we continue our focus on Kerinchi/Pantai by looking at average prices on a per square foot (psf) basis.

PETALING JAYA (March 22): About 4,000 households in Bandar Bukit Raja celebrated Earth Hour together with the developer, Sime Darby Property Bhd, last Saturday.

•    Unlike its more established neighbours of Bangsar and Mid Valley, the Kerinchi/Pantai areas have yet to be fully gentrified.