The average transacted price psf for non-landed homes in Bukit Jalil rose 19.3% to RM444 in 3Q2014 from the previous year after an even higher growth of 25.1% in the preceding year

For its office segment, a 100% occupancy rate across all office buildings is maintained in 1HFY15, while the Phase 3 redevelopment of Kompleks Dayabumi is underway with demolishment works already started

The construction segment contributed 74% of the group’s Ebit in 1HFY15, which grew by 110.7% to RM39.7 million

Sunway recorded RM500 million sales mainly from its ongoing projects in the Klang Valley such as Sunway Velocity and Sunway South Quay in the first half of financial year 2015

Report said average vacancies in seven major cities – namely Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Hangzhou, and Chengdu – dropped 1.3 percentage points to 6.5%

Sri Rakyat recorded the highest growth of average price per square foot (psf), up 30.7% y-y to RM175 psf in the 12 months to 3Q2014

Of the total revenue of RM438 million for 1HFY15, property development and industrial land sales contributed RM338 million and RM95 million respectively

“The ringgit’s continuing slide against worldwide currency baskets is likely to attract a significant amount of foreign investment for the right properties and land during the second half of the year,” says Knight Frank.

Based on transactions analysed by theedgeproperty.com, the average price psf of condominiums and apartments in the area was RM444 psf in 3Q2014, up 19.3% y-o-y.

We are positive on the JV as the land is located next to MKH’s existing 270-acre Kajang 2, which will be linked to a KTM commuter station