UEM Sunrise Verdi condominium topped out

PETALING JAYA (March 25): UEM Sunrise Bhd has completed the topping out for its condominium project, Verdi “eco-dominiums”, in its Symphony Hills development in Cyberjaya, Selangor, the group said in a press statement today.

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DONE DEAL: Cluster house at Kota Emerald West, Rawang

Sold for: RM685,000 Concluded by: Des Yap of Vivahomes Realty (016-220 2209) When: December 2015 Noteworthy: • Built up: 1,900 sq ft • Land area: 3,053 sq ft • Corner lot • Unfurnished • 4 bedrooms and 3 bathrooms • Gated-and-guarded scheme • 3km to Rawang Aeon and McDonald’s Kota Emerald West consists of 2-storey terraced houses and cluster houses (semi-detached homes that comprise four homes joined together, resulting in each house becoming a corner house).

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KLCC hit by oil price slump

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.

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Most developers cautious about FY16 outlook

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.

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Glomac to roll out RM627m worth of properties in 2HFY16

KUALA LUMPUR (March 24): Property developer Glomac Bhd said it plans to roll out RM627 million new launches in the second half of the financial year ending April 30, 2016 (2HFY16), where four out of the five planned projects are in the affordable landed residential segment.

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