This is not the first piece of land in the city that LGM is monetising.

With limited land in Mont’Kiara, development activity has spilled over to neighbouring areas of Dutamas and North Kiara. Here Dutamas has been defined to include the properties along Jalan Dutamas Raya, an established upmarket condominium enclave within Segambut’s boundaries.

Fundamental data is revealing that the sector may be undergoing a structural change, which may change the traditional property cycle altogether.

Quarter-on-quarter, Gamuda’s net profit was almost unchanged at RM160.1 million as lower profits before tax in the construction division (7.4% lower) and property division (8.1% lesser) were offset by a better performance of its concession division (up 7.1%).

Quarter-on-quarter, EcoWorld’s earnings were up by 5% albeit a 32% decline in revenue.

In a bid to sustain itself in a sluggish local property market, BRDB Developments Sdn Bhd has turned its attention to other parts of the world.

This week, the spotlight falls on the secondary market of non-landed residences within the growing suburb of Dutamas, neigbouring Mont’Kiara in Kuala Lumpur.

THE Klang Valley residential property monitor saw little or no change in prices on a quarterly basis in 4Q2015. In his presentation of the data, Savills (Malaysia) Sdn Bhd vice-president Jeffri Rahim says that both 3Q2015 and 4Q2015 were similar in the “flattening” of residential prices.

Acting and selling real estate seem to be completely unrelated occupations. However, for real estate negotiator Freeman Woo, good actors and good real estate agents share a common value — the ability to put oneself in someone else’s shoes, feeling and understanding what they are thinking or feeling.

THE auction market may offer some good property deals later this year, including new properties that were sold under the Developer Interest Bearing Scheme (DIBS) a few years ago.