DTZ: Property investment market turnaround in Q2

SINGAPORE: The Malaysian property market has gained stronger momentum after the 13th general elections (GE13), which saw a turnaround in the investment market in the second quarter of the year, says DTZ Research.

It said the overall office market was stable as both vacancy and rental rates remained unchanged with continued substantial supply in the pipeline. 

The research house also said the anticipated oversupply sentiment did not appear to affect the market as activities remained resilient and active, supported by stable rental and capital values.

Retail sales remained buoyant with continued local and international interest for investments in the sector.It said the overall office market was stable as both vacancy and rental rates remained unchanged with continued substantial supply in the pipeline. 

The research house also said the anticipated oversupply sentiment did not appear to affect the market as activities remained resilient and active, supported by stable rental and capital values.

Retail sales remained buoyant with continued local and international interest for investments in the sector.The research house also said the anticipated oversupply sentiment did not appear to affect the market as activities remained resilient and active, supported by stable rental and capital values. 

"Now that the GE13 is over, companies are starting to proceed with major investments, which may have been temporarily held back by political uncertainties.

"We can expect stronger momentum in government-linked mega projects such as the Tun Razak Exchange (TRX), where third-party investors and developers have been invited to participate, DTZ Research added.

The value of 12 deals recorded in the second quarter amounted to RM988.6 million compared with RM490.8 million comprising three deals in the first quarter, mostly in the office sector. Bernama
"Now that the GE13 is over, companies are starting to proceed with major investments, which may have been temporarily held back by political uncertainties.
"We can expect stronger momentum in government-linked mega projects such as the Tun Razak Exchange (TRX), where third-party investors and developers have been invited to participate, DTZ Research added.

The value of 12 deals recorded in the second quarter amounted to RM988.6 million compared with RM490.8 million comprising three deals in the first quarter, mostly in the office sector. Bernama
"We can expect stronger momentum in government-linked mega projects such as the Tun Razak Exchange (TRX), where third-party investors and developers have been invited to participate, DTZ Research added.
The value of 12 deals recorded in the second quarter amounted to RM988.6 million compared with RM490.8 million comprising three deals in the first quarter, mostly in the office sector. Bernama
The value of 12 deals recorded in the second quarter amounted to RM988.6 million compared with RM490.8 million comprising three deals in the first quarter, mostly in the office sector.

Business Times, 19 July 2013

Developers' eyes on 2 primetracts in KL (Ladang Batu land within Jalan Duta, Kiara Park)

KUALA LUMPUR: The potential opening up of two prime tracts of government land here will accentuate more opportunities for property developers.

Another plot situated within the Kiara Park area also attracts interest.

It was reported that the two pieces of prime land are the subject of a tussle involving various parties.

In the case of the Ladang Batu land, the courts declared Semantan Heights as owner of the 101.1ha late last year, following a 53-year tussle. Another plot situated within the Kiara Park area also attracts interest.
It was reported that the two pieces of prime land are the subject of a tussle involving various parties.

In the case of the Ladang Batu land, the courts declared Semantan Heights as owner of the 101.1ha late last year, following a 53-year tussle.It was reported that the two pieces of prime land are the subject of a tussle involving various parties.In the case of the Ladang Batu land, the courts declared Semantan Heights as owner of the 101.1ha late last year, following a 53-year tussle.In the case of the Ladang Batu land, the courts declared Semantan Heights as owner of the 101.1ha late last year, following a 53-year tussle. AmResearch said while there may be some legal ramifications involving the two plots of land, Bukit Kiara Resorts Bhd (BKRB) appears to have a foothold on the Bukit Kiara land.The 53.4ha within the Kiara Park area is leased to BKRB, a unit of Berjaya Land. BKRB's application for a development order for part of the land in return for surrendering 4.8ha to the City Hall hit a snag a fortnight ago.

"While there could be many permutations involved, we understand that 32.3ha could be opened for development, including 8ha that houses government complexes marked for demolition," AmResearch said.

AmResearch said its checks showed that many developers have been eyeing redevelopment opportunities at Ladang Batu land within Jalan Duta for quite a while.

(Business Times, 2 July 2013)

YTL Land’s First Phase of The Fennel Sold Out in Two Days

Kuala Lumpur, July 20, 2013 (YTL Community annoucement)

The first two blocks of YTL Land & Development Bhd's The Fennel’s condominium tower units were sold out on day-two of its preview. The Fennel — previewed from Friday — had over 5,000 interested registrants.

The Fennel consists of 4 blocks of 38-storey condos situated at Sentul East with a total of 916 units ranging from 1000sf -1500sf. Its sharp angled iconic towers are interrupted by spacious sky terraces. Nestled in pairs, each tower is connected by a suspended 50m pool flowing from block to block.

YTL’s promise of quality branded homes with unique concepts and buyers’ confidence is Sentul saw a huge number of YTL valued buyers and registrants rushing to stake a claim in the units priced at RM700psf.

“People were queuing from 6.30am at the YTL Land’s sales office in Starhill Gallery. We expected a huge turnout based on how fast The Capers was snapped up at its launch, but the response for The Fennel is even greater!” said YTL Land & Development Berhad executive director Dato’ Yeoh Seok Kian.

The queue which started from the entrance of YTL Land’s Sales office snaked round the entire Relish floor at Starhill Gallery and early birds were thrilled at getting the first pick of the units.

“This is truly a testament that YTL has continued to sustain the interest of the market and buyers are recognising the strength of Sentul as KL’s next property hotspot,” Dato’ Yeoh added.

Contributing towards the transformation of Sentul under YTL's vision of urban renewal, The Fennel along with The Capers is set to alter Sentul's skyline, bringing a new lease of energy with its angled and wave like iconic design that takes inspiration from nature.

The Fennel is YTL Land's fourth residential project in Sentul after The Capers, The Tamarind and The Saffron, all situated in Sentul East.