In an April 8 note, Hong Leong Investment Bank Research analyst Tan Kai Shuen says much of the property sector dynamics had changed compared with the previous year, owing to the pickup in sales and construction activity following the easing of lockdown restrictions, ending of the Home Ownership Campaign (HOC) last December, rising cost of living and lower household income, inflationary pressures on commodities and building materials cost, border reopening in April, anticipated rate hike and return of capital inflow from foreign investors.

Noteworthy:

• Freehold

• Built-up: 3,250 sq ft

• Semi-furnished

• Five bedrooms, six bathrooms

• Accessibility: Lebuhraya Damansara Puchong (LDP), Jalan SS2/24, Jalan 17/47, Jalan Universiti and SPRINT Highway

• Amenities: public schools and tertiary education institutions, nearby neighbourhood malls within 5km vicinity such as SS2 Mall, 3 Damansara and 1 Utama Shopping Centre as well as nearby shoplots for daily necessities.

When: October 2021

Guocoland (Malaysia) Bhd’s net profit fell significantly by 90.81% to RM6.73 million for the third quarter ended March 31, 2022 (3QFY21), compared with RM73.23 million a year earlier when the group had gained from the disposal of a piece of land in Jasin, Melaka.

Occupancy rates for purpose-built office and retail spaces are dropping even though the supply has increased in 2021, according to the National Property Information Centre (Napic) report for 2021.

Noteworthy:

• Freehold

• Built-up: 1,254 sq ft

• Corner unit

• Fully furnished 

• Two bedrooms, two bathrooms

• Facilities: Infinity pool, water jets, wading pool, gym, spa, indoor Jacuzzi and function room

• Amenities: Walking distance to shopping malls within Bukit Bintang area, 4-minute walk to Bukit Bintang monorail station and 6-minute walk to MRT Bukit Bintang station

When: October 2021

At JLL’s 1Q2022 Real Estate Market Perspective webinar on Tuesday (April 26), on the topic of “What’s next in APAC and Malaysia Logistic Sector?”, JLL research and consultancy Eva Soo shared that despite more supply of industrial properties and warehouses that are expected to enter the market from 2023 onwards, the overall property occupancy rate and rental outlook remains bright.

What does all this mean for those who have bought properties that are now being built?

Will they get a property that has been build according to the specifications spelt out in the sales and purchase agreement? Would all the building processes be executed the way they should be?

TWL said the proposed acquisition is in line with the group’s business strategy of focusing on the construction and property development segments. As at April 22, TWL is involved in eight ongoing property projects with an estimated total GDV of RM1.81 billion.

In a bourse filing on Friday (April 22), Sunsuria said its wholly-owned subsidiary Sunsuria Residence Sdn Bhd has entered into a sale and purchase agreement with Superjet Revenue Sdn Bhd for the proposed land acquisition.

DBKL’s lawyer B. Thangaraj submitted to a three man bench via online proceedings that the targeted land was intended for mixed development, and that the Court of Appeal had made an error in quashing the development order issued to developer Memang Perkasa Sdn Bhd for the project.