price almost half of the NTA value, probably becoz the market still has no confidence on it's hospitality and property development value yet. In the AGM , there's a slide showing the takeup rate of the 4 property projects : windmill upon hills 52% , timur bay - 32% , luminari - 14% , sg petani - louvre - 46% . AGM always gives out hotel voucher rm550, but still need to add extra money to stay and only can use for one night and not on weekend.
Something surprising today. There seems to be strong support. Is it due to inflow of foreign capital? Probably, as our RM currency 4.5% depreciation is cheap valuation to foreign investors. I believe there will be upward momentum in the days to come.
yuanlong57 maybe the coming QR is better than the previous 1, that y a sudden surge in volume at late afternoon. Might someone started to accumulated in large volume.
“We are targeting mostly international buyers at the moment. The project has been well received, as about 60% of 566 units in East Tower have been taken up,” said Yarra Park City Pty Ltd (a member of OSK Holdings Bhd) project manager Ding Say Aun during a media visit to OSK Property’s office in Melbourne on Monday.
OSK Property acquired the project site via Yarra Park City two and half years ago for A$145 million. Last month, Malaysia’s Employees Provident Fund (EPF) announced that it is taking up a 49% stake in Yarra Park City for A$154 million.
Meanwhile, OSK Group deputy group managing director Ong Ju Xing said that as OSK Property’s maiden foray into Australia, Melbourne Square showcases its commitment to build “high-quality liveable residential apartments, engaging public realms, and comprehensive retail and commercial developments that will enhance the value of the community”.
“Apart from providing better living environments in Southbank, we are thrilled to partner with EPF on this transformative project, which will revitalise Southbank through the planned community infrastructure, making Melbourne Square the heart of a vibrant community,” said Ong.
House price growth nationally is at a seven-year high of 13 per cent, but UBS said it expected growth to slow to 7 per cent this year and drop to between zero and 3 per cent growth in 2018, when higher interest rates and tighter mortgage lending rules weaken demand.
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Posted by repusez > 2017-04-19 17:35 | Report Abuse
price almost half of the NTA value, probably becoz the market still has no confidence on it's hospitality and property development value yet. In the AGM , there's a slide showing the takeup rate of the 4 property projects : windmill upon hills 52% , timur bay - 32% , luminari - 14% , sg petani - louvre - 46% . AGM always gives out hotel voucher rm550, but still need to add extra money to stay and only can use for one night and not on weekend.