News about PER

It is expected that 2016 could spell another challenging year for the local real estate market unless the domestic and global economic situation improves, according to local property consultants polled by City&Country.

PETALING JAYA (Dec 31): Only about 42% of public projects and 70% of private projects in the country use modern Industrialised Building Systems (IBS) technology, according to the Construction Industry Development Board (CIDB).

Sold for: RM1.

  Here are the trends for price growth and indicative asking rental yields for non-landed residences in Central City Kuala Lumpur, excluding the KLCC area.

SHAH ALAM (Dec 30): Only World Group Holdings Bhd (OWG), which aims for a 50% growth in revenue this financial year ending June 30, 2016 (FY16), expects to seal an investment deal “in the next couple of months”.

We continue our focus on Central City Kuala Lumpur (excluding the KLCC area) by looking at average prices on a per square foot (psf) basis.

Eversendai Corp Bhd (Dec 28, 79 sen) Downgraded from hold to sell with a target price of 82 sen: The consortium of Samsung C&T Corp and UEM Group Bhd has secured the KL118 Tower project from the project owner, Permodalan Nasional Bhd, at a contract sum of RM3.

  While addresses in Central City Kuala Lumpur carry less prestige than KLCC ones (analysed in a separate article), most properties here still fall into the high-end segment.

Almost 2,000 visitors poured into Sunway South Quay in Bandar Sunway, Subang Jaya, to take part in Sunway Property’s holiday carnival on the promenade recently.

This week’s spotlight falls on the secondary market of non-landed residences in Central City Kuala Lumpur (excluding the KLCC enclave, which has been previously analysed separately).