The highest relative price growth can be found at Tropika Paradise, with the average price up 32.5% or from RM101psf to reach RM 410 psf in the 12 months to 1Q2015.

OSK Property Holdings Bhd took a step closer towards its vision of becoming a leading integrated property developer after merging with PJ Development Holdings Bhd (PJD) last year. OSK Property CEO Ong Ghee Bin says the enlarged entity is able to offer more diversified, holistic and integrated products.

While the newer properties are becoming more upscale, most of the older projects in USJ are predominantly within the mid-end segment.

The take-up rate for Matrix Concept’s ongoing projects remains encouraging. Suriaman phase 1 and 2’s take-up rates have increased from 58% to 73% quarter-on-quarter (q-o-q), while the recently launched Hijayu 3 saw an encouraging take-up rate above 51%.

Al-Salam REIT is currently assessing a mixed asset (commercial and retail) for acquisition, which could lift its total investment property value above the RM1 billion mark.

All types of real estate developments — from affordable homes to premium luxury apartments, high-rise units and landed houses — can be launched during the current soft property market, says Raymond Cheah, chief operating officer, commercial, at UEM Sunrise Bhd. 

The most expensive project was Indera Subang at an average price per unit of RM729,000.

At its briefing, Hua Yang Bhd’s management highlighted that financial year ended March 31, 2016 (FY16) sales were slower than expected owing to the poor property market sentiment as homebuyers adopted a wait-and-see stance coupled with high loan rejection rates, which prompted the company to delay some initial planned launches to focus on clearing inventories worth a gross development value (GDV) of RM370.7 million from previously launched projects.

Situated 15km south of Kuala Lumpur, Bandar Baru Seri Petaling, also known as Sri Petaling, was a rubber estate before it was developed and launched in 1977 by Petaling Garden Sdn Bhd, now a wholly-owned subsidiary of I&P Group.

USJ’s strong performance in the 12 months to 1Q2015 was buoyed by transactions at Main Place Residence USJ21.