Selangor Properties to see flat earnings growth in FY16

KUALA LUMPUR (Feb 25): Selangor Properties Bhd (Selangor Prop) expects the group's earnings growth to remain flat in its current financial year ending Oct 31, 2016 (FY16), as the group, which has not launched new products for some years — though it has a luxury condominium planned this year — continues to rely on its property investments as its major income stream for now.

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DONE DEAL: Saville @ The Park, Bangsar South, KL

Sold for: RM1 million Concluded by: Janet Chong of Hartamas Real Estate (012-318 8099) When: January 2016 Noteworthy: * Freehold * 1,390 sq ft * 3 bedrooms and 3 bathrooms * two side-by-side parking bays * bare unit Saville @ The Park is one of the newest high-rise homes in Bangsar South, Kuala Lumpur.

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MREITs may acquire more assets this year

MALAYSIAN real estate investment trusts (MREITs) may step up acquisitions this year as the rental reversion cycle peaked in 2014, which helps with asset valuations said Malaysian REIT Managers Association chairman Datuk Stewart LaBrooy (pictured).

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