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'The Week That Was' Research ‘THE WEEK THAT WAS’ 14th January – 20th January 2019 Knight Frank Malaysia Prepared by: Research & Consultancy Knight Frank Malaysia Suite 10.01, Level 10 Centrepoint South Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur T: +603 228 99 688 F: +603 228 99 788 Table of Contents (A) RESIDENTIAL / TOWNSHIP ................................................................................. 6 Affordable housing in Bangsar South 75% taken up (EdgeProp.my, 15th January 2019) .......................................................................................................................... 6 S P Setia's Avis 2 based on ideal M'sian home (EdgeProp.my pullout, 18th January 2019) .......................................................................................................................... 6 Eco World breaks new ground with Simfoni (New Straits Times, 17th January 2019) ........................................................................................................................................... 7 Affordable living in Semenyih (The Star, 18th January 2019) ................................. 8 (B) RETAIL .................................................................................................................. 8 Retail sector to see lower growth this year, says RGM (The Malaysia Reserve, 14th January 2019) ................................................................................................................. 8 Data drives retailers (The Star, 17th January 2019)..................................................... 9 Building value for a grocer brand (The Star, 14th January 2019) .......................... 9 Pizza Hut Malaysia set to open its 400th store (Bernama, 16th January 2019)10 (C) COMMERCIAL / OFFICE ..................................................................................... 11 Mammoth Empire: Tower H tenanted, including by Grab (New Straits Times, 17th January 2019) .............................................................................................................. 11 Colony@Mutiara Damansara marks Selangor debut of Colony (EdgeProp.my, 15th January 2019) ................................................................................ 11 All-female co-working space HelloHERA opens in KL (The Malay Mail, 17th January 2019) ....................................................................................................................... 12 Owner of project told to buy Medan Imbi land or lose right to project (The Star, 16th January 2019) .................................................................................................... 12 Medan Imbi building owner identified (The Edge Financial Daily, 18th January 2019) ....................................................................................................................... 12 (D) MIXED DEVELOPMENT ...................................................................................... 13 Mah Sing recognised by Malaysia Book of Records (New Straits Times, 17th January 2019) ....................................................................................................................... 13 Vanke to focus on Jalan Raja Chulan mixed-use development project this year (The Malaysian Reserve, 14th January 2019) .................................................... 13 HCK takes over Empire Remix 2 project, to be rebranded as education city (The Edge Financial Daily, 16th January 2019) .......................................................... 14 Three years on, Kg Baru redevelopment plan remains challenging for KBDC (The Malaysian Reserve, 16th January 2019) ............................................................. 15 Big plans for Gurney foreshore (The Star, 17th January 2019) ............................ 16 RAC: Best time to redevelop rail land (New Straits Times, 17th January 2019)17 Transit-oriented plan for Kempas (NST Property, 17th January 2019) ............. 18 (E) INDUSTRIAL / LOGISTICS / PLANTATION ........................................................ 19 Chin Well’s Shah Alam warehouse to start operations this year (The Star, 14th January 2019) .............................................................................................................. 19 NTPM investing US$30mil to expand in M'sia, Vietnam (The Star, 14th January 2019) ....................................................................................................................... 19 Wellcall plans composite hose plant with Trelleborg (The Star, 15th January 2019) ........................................................................................................................................ 20 Uni Wall Aps expands presence in Malaysia, Australia (The Star / Bernama, 15th January 2019) .............................................................................................................. 20 HPI Resources launches second plant worth RM45m (The Star / Bernama, 17th January 2019) .............................................................................................................. 20 HSL gets digital village job (The Star, 14th January 2019) .................................... 21 No near-term rerating catalysts expected for CPO price (The Edge Financial Daily, 14th January 2019) .................................................................................................. 22 MPOB sees CPO prices above RM2,500 a tonne this year (theedgemarkets.com, 17th January 2019)................................................................. 23 IJM Plantations’ 2019 FFB production outlook sturdy (The Edge Financial Daily, 17th January 2019) .................................................................................................. 23 Prinsiptek in JV to build oil palm mill for RM2.126b (NST Business, 15th January 2019) ....................................................................................................................... 24 FGV to sell RM350m worth of non-core businesses, assets (theedgemarkets.com, 14th January 2019)................................................................. 24 (F) INVESTMENT ...................................................................................................... 25 Selangor eyes RM7.5bil investments this year (The Star, 15th January 2019) 25 Penang records RM3.8b investments between Jap-Sept 2018 (Bernama, 14th January 2019) ....................................................................................................................... 25 (G) CORPORATE ...................................................................................................... 25 AQRS on the up and up? (EdgeProp.my, 19th January 2019) ............................. 25 Berjaya Corp mulls asset sales abroad (New Straits Times, 18th January 2019)26 Newsbreak: Cycle & Carriage to sell its retail operations? (The Edge Malaysia, 14th January 2019) ........................................................................................... 26 Eastland Equity aborts rights issue as proposed development project faces hiccups (theedgemarkets.com, 18th January 2019) ................................................ 27 JAKS releases RM50m bank guarantee payment to Star Media (theedgemarkets.com, 16th January 2019)................................................................. 27 Kayin revises Selangor Properties privatisation offer again (theedgemarkets.com, 15th January 2019)................................................................. 28 Kerjaya Prospek gets RM155m Cyberjaya job from HCK unit (theedgemarkets.com, 17th January 2019)................................................................. 28 Scientex seen to gain from stretch film demand, property strategy (The Edge Financial Daily, 18th January 2019) .................................................................... 29 Sunway’s property division targets RM1.3bil sales for FY19 (The Star, 15th January 2019) ....................................................................................................................... 29 TH completes disposal of TRX land at a premium (New Straits Times, 15th January 2019) ....................................................................................................................... 30 Vizione Q2 earnings surge threefold (The Sun Daily, 15th January 2019) ...... 30 (H) REITS / FUNDS ................................................................................................... 31 Pavilion REIT won't buy stake in Pavilion Bukit Jalil (theedgemarkets.com, 17th January 2019) .............................................................................................................. 31 MRCB-Quill REIT's net property income falls 11.7% in 4Q (theedgemarkets.com, 17th January 2019)................................................................. 31 MRCB-Quill REIT sees RM5.4m loss on revaluation of properties (theedgemarkets.com, 17th January 2019)................................................................. 32 KIP Reit’s 2Q profit fall on higher expenses (The Malaysian Reserve, 16th January 2019) ....................................................................................................................... 32 (I) LEISURE / TOURISM .......................................................................................... 32 W Hotel near Petronas Twin Towers for sale for RM360mil (The Star, 14th January 2019) ......................................................................................................................
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