For a lot of investors, the first thing that comes to mind when one mentions Penang is the state’s thriving island and its capital city of George Town. With its strong industries and heritage, Penang island has long established itself as one of the country’s most loved and successful cities. However, due to limited land and a saturated market there, developers have begun crossing over to Seberang Perai, lured by the undeveloped space, cheaper land price and strong growth potential.

We opine that it is now an opportune time for Tiong Nam to go warehouse real estate investment trust (REIT) listing given the renewed interest in high dividend stocks.

Kuala Lumpur’s Melawati area has been a property hot spot for the last decade, with prices soaring and new developments from major developers such as Sime Darby Property Bhd, Sunway Bhd and Nadayu Properties Bhd.

Nadayu Properties Bhd’s latest offering in Taman Nadayu — the mixed-use development Nadayu63 — is seen as a catalyst for the township, with the commercial component set to bring dynamic lifestyle and retail activities to residents.

With more than 90% of Amcorp Properties Bhd’s (AmProp) earnings derived from London, we believe Brexit would raise uncertainty over its sales, at least in the near term.

Out of eight property developers under our coverage, two (UEM Sunrise Bhd [UEMS] and Eastern & Oriental Bhd [E&O]) reported earnings below expectations. 

Sentosa Cove has some of the priciest waterfront resort homes built on 99-year leasehold reclaimed land. Even among over-the-top homes, there are those that stand out for their sheer extravagance. One such home that has earned the moniker of the “Copper House” belongs to a Singaporean tycoon who built the property on two adjacent plots of 9,000 sq ft each.

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.

At 10pm on June 23, the polls for the referendum on whether the UK should remain in or leave the European Union (EU) closed. Some nine hours later, the official results were out and the leave camp was declared the winner by a narrow margin.

Property agents and negotiators should never broker a deal without a method, says IM Global Property Consultants Sdn Bhd founder, managing director and CEO Ishak Ismail.