UEMS, E&O earnings below expectations
Property sector Maintain neutral: Out of eight property developers under our coverage, two (UEM Sunrise Bhd [UEMS] and Eastern & Oriental Bhd [E&O]) reported earnings below expectations.
Buyer for land near palace?
KUALA LUMPUR (July 11): All eyes are on the price tag that the ministry of finance (MoF) could fetch for the two parcels of land that it has put up for sale near Damansara Heights at the time when the property market is experiencing a slowdown.
Rent control may drive down values of heritage and pre-war properties
KUALA LUMPUR (July 9): Real estate experts cautioned against reintroducing rent control on heritage and pre-war properties in Penang, as it may drive up the cost of maintaining these properties, lowering their values and impacting tourism as a result.
Infinity pool glass panels at Singapore condo crashes
PETALING JAYA (July 9): The glass panels of a fifth-storey infinity pool at the Cradels condominium in Whampoa, Singapore, crashed to the ground yesterday, sending shattered glass flying across the condo compound and water pouring from the pool, reported the Straits Times.
UDA to launch RM1.8b worth of projects on Penang’s mainland in 2H2016
PETALING JAYA (July 9): UDA Holdings Bhd will launch two projects in Bertam on Penang’s mainland which have a total gross development value (GDV) of RM1.
OCBC Building sold for RM21 million
PETALING JAYA (July 8): The iconic “OCBC Building” located at Jalan Hang Kasturi was sold last year in July to building management services company Shen & Sons Sdn Bhd for RM921 psf — translating into RM21 million — JLL Malaysia country head, YY Lau told TheEdgeProperty.
TCS Group to launch TCS Arcadia end of this month
JENJAROM (July 8): TCS Group is unveiling TCS Arcadia, which has a gross development value (GDV) of RM280 million, at the end of this month.
Funding issues for Pan Borneo Highway
THERE appears to be some misunderstanding between the Sarawak government and Putrajaya over the funding for the 1,089km Sarawak portion of the Pan Borneo Highway project.
PROPERTY SNAPSHOT 4: What’s hot in Subang/Ara Damansara?
• Today, we look at price growth and indicative rental yields for non-landed homes in Subang/Ara Damansara.
Damansara Heights remains a property hotspot
MENTION Damansara Heights and many assume that those who live there belong to the upper echelons of society, own palatial mansions and have a high net worth.
