Market uncertainties due to Brexit concerns have delayed E&O’s plan to list its UK operation on the London Stock Exchange’s Alternative Investment Market as potential investors are cautious about new initial public.

After dragging for 1.5 years, the land amalgamation process for Mid Valley SouthKey is finally concluded, with the completion of the much-touted SouthKey mall to be delayed until end-2018.

Low Carbon Cities Framework starting to see progress in the country.

Similarly, signs of oversupply are emerging in the retail sector in major urban areas, particularly in Penang, Johor and the Klang Valley.

Average prices have grown across the market. The highest relative price growths were observed among the mid-cost properties, in part due to their lower capital bases. The top three performers are located in Bandar Baru Sentul, led by Pangsapuri Bandar Baru Sentul, Pangsapuri Villa Angkasa and Menara Orkid, with average transacted prices up 38% y-o-y, 25.9% y-o-y and 24.9% y-o-y, respectively.

Knight Frank Malaysia (Sabah) research executive Welton Chin says the majority of property buyers in Kota Kinabalu in the past two years have been local first-time homebuyers and young families.

While the local property sector continues to be gloomy, LBS Bina Group Bhd’s shares are climbing steadily. They closed at a near two-year high of RM1.59 last Friday.

While prices within the Sentul Masterplan have set new benchmarks for the area, the secondary market is still largely dominated by the low to mid-end segment.

Its focus this year remains on affordable properties, with 6% of its launches below RM500,000 per unit.

Meanwhile, Bank Negara says there is an oversupply of office and retail space. Office space in the Klang Valley recorded a vacancy rate of 20.4% in 2015, compared with the regional average of 6.6% and national level of 16.3%.