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.
WITH the demand for property slipping, competition among property developers chasing a shrinking market has become stiffer.
PUTRAJAYA (Jan 5): IOI Properties Group Bhd expects the financial year ending June 30, 2016 (FY16) to be a challenging but surmountable financial year for the company, due to the soft property market.
PUTRAJAYA (Jan 4): IOI Properties Group Bhd is targeting to begin construction of Phase 2 of IOI City Mall here before this year end, with an investment of RM500 million.
SELANGOR (Dec 11): IOI Properties Group Bhd will launch its next commercial offering Enigma Square in its new 370-acre township Bandar Puteri Bangi in January next year, said IOI Properties chief operations officer Teh Chin Guan (pictured) at the groundbreaking ceremony of Tesco Bandar Puteri Bangi today.
IOI Properties Group Bhd, the property development arm of IOI Group, was established in 1980.
WHILE the exact delineation of Puchong South is still up for debate, the area has undeniably gained the attention of buyers and developers in recent years.
THE slowdown in the real estate market does not seem to have deterred property-related companies from buying more land.
PETALING JAYA (Oct 27): IOI Properties Group Bhd is introducing IOI City Towers, a Grade A office development comprising two office towers within the RM20 billion township of IOI Resort City.
KUALA LUMPUR (Oct 27): IOI Properties Group Bhd, which is expecting its financial year ending Dec 31, 2016 (FY16), to register a flat profit growth, plans to take advantage of the current poor market sentiment to increase its land bank.
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