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丰衣足食
OP
:
As quoted in today's report by RHB Retail Research (RHB), UEM Sunrise is expected to expand its upward trajectory after breaking through the key resistance level.
The stock has crossed the 21-day Simple Moving Average (SMA) and closed above the 0.95 Malaysian Ringgit resistance level, indicating a call. The increasing trading volume further reinforces the positive momentum.
If this trend continues, UEM Sunrise is expected to target the next resistance levels of MYR1.02 and MYR1.10. However, a drop below the MYR0.89 support level may indicate a return to the put phase.
丰衣足食
OP
:
PETALING JAYA: Due to the recently announced Special Financial Zone (SFZ) incentive measures, Forest City may soon shake off its "ghost town" image and enhance its attractiveness compared to Singapore.
UOB Kay Hian (UOBKH) research indicates that these incentive measures include a 0% tax rate for family offices managing assets of 30 million ringgit and a 15% personal income tax rate, further enhancing the appeal of Johor's properties.
"Although the developers in our coverage do not have projects in Forest City, we believe these incentives may create a ripple effect, driving the real estate demand and economic activities in surrounding areas like Iskandar Puteri.
"Additionally, South Korean GG56 recently invested 1 billion US dollars to develop Malaysia's first Korean Culture City, signaling the growing international interest in Forest City.
"We view this as a significant move positioning the area as a vibrant future rather than just a financial center."
UOBKH Research points out that Johor real estate stocks Iskandar Waterfront City Bhd and UEM Sunrise Bhd hold the largest land banks in Iskandar, Malaysia. Within two days of the incentive announcement, their stock prices increased by 13% and 7% respectively.
Malaysian King Sultan Abdullah has sought investment from a Chinese state-owned company, including discussions on high-speed rail during a recent visit to China, further driving this positive momentum.
Star Picks
Farmers can breathe a sigh of relief
Looking ahead, UOBKH Research expects short-term news flow, including Invest Malaysia 2024 on September 26 and the 2025 Budget on October 18, to reignite trading interest in Johor real estate stocks. The research firm has an 'overweight' view on the entire Malaysian real estate sector, citing increasing domestic transaction values, decreasing oversupply, and growing real estate investments.
"Key drivers include industrial expansion, providing growth opportunities beyond residential projects, and land value appreciation driven by economic/financial zones, data center demand, and infrastructure projects.
It states: "The positive trend in the Malaysian real estate market, especially in Kuala Lumpur and Johor, reflects increased transactions and growth in the residential sector, driven by strategic locations and the region's growing dynamics."
UOBKH Research's top picks in the sector are the lagging IOI Properties Group Bhd (IOIProp) and Lagenda Properties Bhd.
IOIProp is favored for its increased launches and large land bank in Johor, while Lagenda is favored for its high profit margin and impressive over 16% return on equity.
"We also like developers such as Mah Sing Group Bhd and Eco World Development Group Bhd with exposure to data centers."
丰衣足食
OP
:
Kuala Lumpur (25th September): According to a news statement released on Wednesday, UEM Sunrise Bhd (KL: UEMS) has fully completed the total Gross Development Value (GDV) of RM 0.499 billion for three projects in Iskandar Puteri, Johor during their respective preview periods.
These projects consist of Aspira Hills (Phase 1) landed homes, DiReka Square commercial offices, and Aspira LakeHomes (Phases 4, 5, and 6) landed homes.
UEM Sunrise's CEO, Sufian Abdullah, stated in the announcement: "We are extremely proud of the overwhelming response to the latest previews of Aspira and DiReka. This milestone highlights UEM Sunrise's strong presence in Johor's real estate market and our continued commitment to providing sustainable, high-quality housing."
Aspira Hills (Phase 1) was opened for sale on 21st September, offering 272 double-storey terrace homes with layouts of four bedrooms and three bathrooms, ranging from 1,673 to 1,987 square feet, priced from RM 576,300 to RM 1.03 million. The GDV for this project is RM 0.198 billion.
DiReka Square consists of two and three-storey commercial offices located at Puteri Harbour Laman DiReka, opened for preview on 22nd September. The project comprises 67 units with built-up areas ranging from 3,077 square meters to 10,220 square feet, priced from RM 1.477 million to RM 5.17 million. The GDV for this project is RM 0.158 billion.
The double-storey terrace homes of Aspira LakeHomes Phase 4 and Phase 6 were opened for sale on 20th July, while Phase 5 was unveiled on 11th September. There are a total of 147 units of double-storey terrace homes across all three phases, with built-up areas ranging from 2,072 to 2,821 square feet, priced from RM 712,300 to RM 1.129 million. The GDV for this project is RM 0.143 billion.
Sufian further added that this strong demand underscores the positive outlook of Iskandar Puteri, especially with the steady progress of the Johor-Singapore Economic Corridor and its strategic position between Johor and Singapore.
"Our development projects are located near the intersection of Gerbang Nusajaya, significantly enhancing the connectivity of the area and reducing travel time to the Tuas Checkpoint to 15 minutes. With increasing interest in Malaysia's Iskandar property market, we anticipate continued attraction from investors and homebuyers.
He added:"As we approach the 2025 Budget, we advocate policies that promote affordable housing, green building practices, and sustainable project financing, which will be key drivers of long-term growth in the region."
丰衣足食 OP : As quoted in today's report by RHB Retail Research (RHB), UEM Sunrise is expected to expand its upward trajectory after breaking through the key resistance level.
The stock has crossed the 21-day Simple Moving Average (SMA) and closed above the 0.95 Malaysian Ringgit resistance level, indicating a call. The increasing trading volume further reinforces the positive momentum.
If this trend continues, UEM Sunrise is expected to target the next resistance levels of MYR1.02 and MYR1.10. However, a drop below the MYR0.89 support level may indicate a return to the put phase.
丰衣足食 OP : PETALING JAYA: Due to the recently announced Special Financial Zone (SFZ) incentive measures, Forest City may soon shake off its "ghost town" image and enhance its attractiveness compared to Singapore.
UOB Kay Hian (UOBKH) research indicates that these incentive measures include a 0% tax rate for family offices managing assets of 30 million ringgit and a 15% personal income tax rate, further enhancing the appeal of Johor's properties.
"Although the developers in our coverage do not have projects in Forest City, we believe these incentives may create a ripple effect, driving the real estate demand and economic activities in surrounding areas like Iskandar Puteri.
"Additionally, South Korean GG56 recently invested 1 billion US dollars to develop Malaysia's first Korean Culture City, signaling the growing international interest in Forest City.
"We view this as a significant move positioning the area as a vibrant future rather than just a financial center."
UOBKH Research points out that Johor real estate stocks Iskandar Waterfront City Bhd and UEM Sunrise Bhd hold the largest land banks in Iskandar, Malaysia. Within two days of the incentive announcement, their stock prices increased by 13% and 7% respectively.
Malaysian King Sultan Abdullah has sought investment from a Chinese state-owned company, including discussions on high-speed rail during a recent visit to China, further driving this positive momentum.
Star Picks
Farmers can breathe a sigh of relief
Looking ahead, UOBKH Research expects short-term news flow, including Invest Malaysia 2024 on September 26 and the 2025 Budget on October 18, to reignite trading interest in Johor real estate stocks. The research firm has an 'overweight' view on the entire Malaysian real estate sector, citing increasing domestic transaction values, decreasing oversupply, and growing real estate investments.
"Key drivers include industrial expansion, providing growth opportunities beyond residential projects, and land value appreciation driven by economic/financial zones, data center demand, and infrastructure projects.
It states: "The positive trend in the Malaysian real estate market, especially in Kuala Lumpur and Johor, reflects increased transactions and growth in the residential sector, driven by strategic locations and the region's growing dynamics."
UOBKH Research's top picks in the sector are the lagging IOI Properties Group Bhd (IOIProp) and Lagenda Properties Bhd.
IOIProp is favored for its increased launches and large land bank in Johor, while Lagenda is favored for its high profit margin and impressive over 16% return on equity.
"We also like developers such as Mah Sing Group Bhd and Eco World Development Group Bhd with exposure to data centers."
丰衣足食 OP : Kuala Lumpur (25th September): According to a news statement released on Wednesday, UEM Sunrise Bhd (KL: UEMS) has fully completed the total Gross Development Value (GDV) of RM 0.499 billion for three projects in Iskandar Puteri, Johor during their respective preview periods.
These projects consist of Aspira Hills (Phase 1) landed homes, DiReka Square commercial offices, and Aspira LakeHomes (Phases 4, 5, and 6) landed homes.
UEM Sunrise's CEO, Sufian Abdullah, stated in the announcement: "We are extremely proud of the overwhelming response to the latest previews of Aspira and DiReka. This milestone highlights UEM Sunrise's strong presence in Johor's real estate market and our continued commitment to providing sustainable, high-quality housing."
Aspira Hills (Phase 1) was opened for sale on 21st September, offering 272 double-storey terrace homes with layouts of four bedrooms and three bathrooms, ranging from 1,673 to 1,987 square feet, priced from RM 576,300 to RM 1.03 million. The GDV for this project is RM 0.198 billion.
DiReka Square consists of two and three-storey commercial offices located at Puteri Harbour Laman DiReka, opened for preview on 22nd September. The project comprises 67 units with built-up areas ranging from 3,077 square meters to 10,220 square feet, priced from RM 1.477 million to RM 5.17 million. The GDV for this project is RM 0.158 billion.
The double-storey terrace homes of Aspira LakeHomes Phase 4 and Phase 6 were opened for sale on 20th July, while Phase 5 was unveiled on 11th September. There are a total of 147 units of double-storey terrace homes across all three phases, with built-up areas ranging from 2,072 to 2,821 square feet, priced from RM 712,300 to RM 1.129 million. The GDV for this project is RM 0.143 billion.
Sufian further added that this strong demand underscores the positive outlook of Iskandar Puteri, especially with the steady progress of the Johor-Singapore Economic Corridor and its strategic position between Johor and Singapore.
"Our development projects are located near the intersection of Gerbang Nusajaya, significantly enhancing the connectivity of the area and reducing travel time to the Tuas Checkpoint to 15 minutes. With increasing interest in Malaysia's Iskandar property market, we anticipate continued attraction from investors and homebuyers.
He added:"As we approach the 2025 Budget, we advocate policies that promote affordable housing, green building practices, and sustainable project financing, which will be key drivers of long-term growth in the region."