News about arc

The initiative saw six teams presenting their innovative ideas for the revitalisation of two zones surrounding Merdeka 118 to be more resilient.

Winning team will showcase their ideas at the International World Class Sustainable Cities (WCSC) Conference this month.

MARC said the rating affirmation incorporates Sunsuria’s property development approach, healthy overall take-up rates, and low inventory level.

Participants are required to analyse the site and come up with innovative ideas that will contribute to placemaking and enhancing community engagement while preserving the identity, culture and heritage of the area.

In a note on Thursday (Aug 3), analyst Edwin Woo said rough calculations show that net gearing levels could rise to 0.

Apart from that, rentals for condominiums in Singapore grew 32% annually in the first quarter of 2023, while the government has also imposed a steeper stamp duty starting April.

In a note on Thursday (July 20), the research house said this was after the higher job flows from the private sector valued at RM39 billion in the first half of 2023 (1H2023) versus the public sector at RM9 billion in the same period, with the number of new applications for construction personnel reaching 151,500 applications in 1H2023, according to the Construction Industry Development Board’s data.

Additionally, Low believed that the unchanged OPR is expected to help property developers with financing costs.

PAM said this is due to an alarming increase in the unnecessary felling of street trees by local governments in the Greater Kuala Lumpur region.

The research house’s view contradicts OCBC’s and UOB’s view that BNM will hold the OPR at 3% for the rest of the year, but aligns with MIDF Research's view that an increment will occur in the second half of the year.