A few projects here outperformed the local market. In the 12 months to September 2014, the average price at D’Casa Condominium gained 36.6% y-o-y to RM275 psf. Located in Taman Sri Watan, typical units are between 883 sq ft and 958 sq ft.

E&O is expected to announce soon the appointment of its Seri Tanjung Pinang phase two (STP2) reclamation contractor involving 384 acres (155.4ha) of reclamation (including 131 acres of the Gurney Drive foreshore for state government) though it has been delayed for a year.

Year to date, WCT has secured a total of RM1.8 billion worth of projects which have surpassed our initial assumption of RM1 billion.

Ampang offers a diverse property landscape: one side of the Middle Ring Road 2 lies an exclusive ’hood frequented by expats; while on the eastern side of the MRR2, properties are older and in the affordable range.

East of Kuala Lumpur city, the Ampang municipality of Selangor is one of the Klang Valley’s oldest ’hoods . Many low-cost flats dot its housing estates while upmarket residences converge around Kelab Darul Ehsan golf course and along Jalan Ampang.

The gross revenue improved mainly due to the completion of the acquisition exercise of Tropicana City Mall and Office Tower, as well as higher rental at East Coast Mall following an asset enhancement exercise.

Holding power and innovation are the key until the next catalysts emerge

Based on theedgeproperty.com’s analysis of transactions, both prices and transaction volumes of non-landed residences in Ampang, Selangor have softened in 2014 since hitting their peak in 4Q2013.

The rental investment sub-sector will continue to be bright.

New developments and future MRT stations in the area boost secondary market prices.