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发表于 7-2-2008 09:22 PM | 显示全部楼层
6165           
No further dividend will be declared/ proposed for the FYE 30 June 2008

No further dividend will be declared/ proposed for the financial year ending

30th June 2008

In light of the distribution of treasury shares to shareholders as share

dividend at a ratio of 1 treasury share for every 25 existing ordinary shares

of RM1 each held, which was completed on 11th January 2008, the Board of

Directors of Sunrise Berhad has decided that no further dividend will be

declared/ proposed for the financial year ending 30th June 2008.



A total dividend of 11.4 sen a share less 27% tax was declared for the

financial year ended 30th June 2007.





You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access

the Bursa website at http://www.bursamalaysia.com .

24/01/2008   05:52 PM
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发表于 7-2-2008 09:23 PM | 显示全部楼层
165           
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name:Employees Provident Fund Board
NRIC/Passport No./Company No.:EPF ACT 1991
Nationality/Country of Incorporation:Malaysia

Address:
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:
Refer to remarks

Details of Changes

Date of Notice:16/01/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.15/01/2008Transferred1,139,900-
2.16/01/2008Acquired600,000-

Circumstances by reason of which change has occurred:
Transfer of shares from MIDF Amanah Asset Management Bhd to EPF and purchase of

shares on open market by EPF
Nature of Interest:
Direct
Consideration:




No of Shares Held After Changes:
Direct:31,105,208 shares (6.9420%)
Indirect/Deemed Interest
:
0 shares (0.0000%)
Total:31,105,208 shares

Remarks:
Kindly refer to http://www.bursamalaysia.com for the full text.

Submitted By:
Mayeen Wong

24/01/2008   07:24 PM
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发表于 7-2-2008 09:23 PM | 显示全部楼层
6165           
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name:Casa Unggul Sdn Bhd
NRIC/Passport No./Company No.:632604-U
Nationality/Country of Incorporation:Malaysia

Address:
Unit 7.02, 7th Floor, Wisma Methodist, Lorong Hang Jebat, 50150 Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:
1)  CIMSEC Nominees (Tempatan) Sdn Bhd CIMB Bank for Casa Unggul Sdn Bhd, 9th

Floor, Commerce Square, Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur.



2)  ECM Libra Avenue Nominees (Tempatan) Sdn Bhd Avenue Invest Berhad for Casa

Unggul Sdn Bhd, Level 1, Bangunan Avenue, 8 Jalan Damansara Endah, Damansara

Heights, 50490 Kuala Lumpur.


Details of Changes

Date of Notice:25/01/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.18/01/2008Acquired70,000-
2.21/01/2008Acquired70,000-
3.22/01/2008Acquired80,000-
4.24/01/2008Acquired80,000-

Circumstances by reason of which change has occurred:
Acquisition
Nature of Interest:
Direct
Consideration:




No of Shares Held After Changes:
Direct:89,058,670 shares (19.8740%)
Indirect/Deemed Interest
:
0 shares (0.0000%)
Total:89,058,670 shares

Remarks:
The Form 29B was received on 25th January 2008.

Submitted By:
Mayeen Wong

25/01/2008   05:30 PM
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发表于 7-2-2008 09:23 PM | 显示全部楼层
6165           
Changes in Director's Interest (S135)

Particulars of Director 37

Name:Tong Kooi Ong
NRIC/Passport No./Company No.
:

Nationality/Country of Incorporation
:


Address:
4th Floor, Block B, Nusa Rhu Condominium, Jalan Medang, Bukit Bandaraya, 59100

Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:


Details of Changes

Date of Notice:25/01/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.18/01/2008Acquired70,000-
2.21/01/2008Acquired70,000-
3.22/01/2008Acquired80,000-
4.24/01/2008Acquired80,000-

Circumstances by reason of which change has occurred:
Acquisition
Nature of Interest:
Direct and deemed interest
Consideration:




No of Shares Held After Changes:
Direct:1,084,928 shares (0.2420%)
Indirect/Deemed Interest:89,058,670 shares (19.8740%)
Total:90,143,598 shares

Remarks:
The notice was received on 25th January 2008.



This reporting is in respect of the change in Mr. Tong's deemed interest held

through Casa Unggul Sdn Bhd.

Submitted By:
Mayeen Wong

25/01/2008   05:30 PM
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发表于 7-2-2008 09:23 PM | 显示全部楼层
6165           
Changes in Director's Interest (S135)

Particulars of Director 37

Name:Tong Kooi Ong
NRIC/Passport No./Company No.
:

Nationality/Country of Incorporation
:


Address:
4th Floor, Block B, Nusa Rhu Condominium, Jalan Medang, Bukit Bandaraya, 59100

Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:


Details of Changes

Date of Notice:11/01/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.11/01/2008Others3,402,256-
2.11/01/2008Others41,728-

Circumstances by reason of which change has occurred:
Share dividend at the ratio of 1 treasury share for every 25 existing ordinary

shares held
Nature of Interest:
Direct and deemed interest
Consideration:




No of Shares Held After Changes:
Direct:1,084,928 shares (0.2420%)
Indirect/Deemed Interest:88,758,670 shares (19.8080%)
Total:89,843,598 shares

Remarks:
The notice was received on 25th January 2008.

Submitted By:
Mayeen Wong

25/01/2008   05:30 PM
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发表于 7-2-2008 09:24 PM | 显示全部楼层
6165           
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name:Employees Provident Fund Board
NRIC/Passport No./Company No.:EPF ACT 1991
Nationality/Country of Incorporation:Malaysia

Address:
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:
Refer to remarks

Details of Changes

Date of Notice:18/01/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.17/01/2008Acquired856,600-
2.18/01/2008Acquired664,100-

Circumstances by reason of which change has occurred:
Purchase of shares on open market by EPF
Nature of Interest:
Direct
Consideration:




No of Shares Held After Changes:
Direct:32,625,908 shares (7.2810%)
Indirect/Deemed Interest
:
0 shares (0.0000%)
Total:32,625,908 shares

Remarks:
You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access

the Bursa website at http://www.bursamalaysia.com

Submitted By:
Mayeen Wong

25/01/2008   06:27 PM
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发表于 7-2-2008 09:24 PM | 显示全部楼层
6165           
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name:Tong Kooi Ong
NRIC/Passport No./Company No.:590507-10-6369
Nationality/Country of Incorporation:Malaysian

Address:
4th Floor, Block B, Nusa Rhu Condominium, Jalan Medang, Bukit Bandaraya, 59100

Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access

the Bursa website at http://www.bursamalaysia.com

Details of Changes

Date of Notice:25/01/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.18/01/2008Acquired70,000-
2.21/01/2008Acquired70,000-
3.22/01/2008Acquired80,000-
4.24/01/2008Acquired80,000-

Circumstances by reason of which change has occurred:
Acquisition
Nature of Interest:
Direct
Consideration:




No of Shares Held After Changes:
Direct:1,084,928 shares (0.2420%)
Indirect/Deemed Interest:89,058,670 shares (19.8740%)
Total:90,143,598 shares

Remarks:
The Form 29B was received on 25th January 2008.



This reporting is in respect of the change in Mr. Tong's deemed interest held

through Casa Unggul Sdn Bhd.


Submitted By:
Mayeen Wong

25/01/2008   06:28 PM
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发表于 7-2-2008 09:24 PM | 显示全部楼层
6165           
SUNRISE-EMPLOYEES’ SHARE OPTION SCHEME (“SCHEME”)

LISTING'S CIRCULAR NO. L/Q :  48448 OF  2008

Kindly be advised that the abovenamed Company's additional 19,000 new ordinary

shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted

listing and quotation with effect from 9.00 a.m., Thursday, 31 January 2008.



Sr. Mgr. Issuers, Listing Div.

29/01/2008   05:09 PM
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发表于 7-2-2008 09:25 PM | 显示全部楼层
6165           
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name:Employees Provident Fund Board
NRIC/Passport No./Company No.:EPF ACT 1991
Nationality/Country of Incorporation:Malaysia

Address:
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:
Refer to remarks

Details of Changes

Date of Notice:22/01/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.21/01/2008Acquired944,000-
2.22/01/2008Acquired1,000,000-
3.21/01/2008Acquired350,000-

Circumstances by reason of which change has occurred:
Purchase of shares on open market by EPF and its portfolio manager
Nature of Interest:
Direct
Consideration:




No of Shares Held After Changes:
Direct:34,919,908 shares (7.7930%)
Indirect/Deemed Interest
:
0 shares (0.0000%)
Total:34,919,908 shares

Remarks:
The Form 29B was received on 29th January 2008.

Submitted By:
Mayeen Wong

29/01/2008   05:23 PM
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发表于 7-2-2008 09:25 PM | 显示全部楼层

Change Description:

Effective Date:


Old Registrar:
Symphony Share Registrars Sdn Bhd

New Registrar:
PFA Registration Services Sdn Bhd

Address: Level 13 Uptown 1

No. 1 Jalan SS21/58

Damansara Uptown

47400 Petaling Jaya

Selangor Darul Ehsan

Phone No: 603-7718 6000

Fax No: 603-7722 2311

Remarks:
This announcement is dated 31st January 2008.

Submitted By:
Mayeen Wong

31/01/2008   06:21 PM
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发表于 7-2-2008 09:26 PM | 显示全部楼层

6165           
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name:Employees Provident Fund Board
NRIC/Passport No./Company No.:EPF ACT 1991
Nationality/Country of Incorporation:Malaysia

Address:
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:
Refer to remarks

Details of Changes

Date of Notice:25/01/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.25/01/2008Acquired1,000,000-

Circumstances by reason of which change has occurred:
Purchase of shares on open market by EPF.
Nature of Interest:
Direct
Consideration:




No of Shares Held After Changes:
Direct:35,919,908 shares (8.0160%)
Indirect/Deemed Interest
:
0 shares (0.0000%)
Total:35,919,908 shares

Remarks:
You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access

the Bursa website at http://www.bursamalaysia.com .

The Form 29B was received on 31st January 2008.

Submitted By:
Mayeen Wong

04/02/2008   10:24 AM
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发表于 7-2-2008 09:26 PM | 显示全部楼层
6165           
Changes in Director's Interest (S135)

Particulars of Director 37

Name:Tong Kooi Ong
NRIC/Passport No./Company No.
:

Nationality/Country of Incorporation
:


Address:
4th Floor, Block B, Nusa Rhu Condominium, Jalan Medang, Bukit Bandaraya, 59100

Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:


Details of Changes

Date of Notice:04/02/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.28/01/2008Acquired80,000-
2.29/01/2008Acquired80,000-
3.30/01/2008Acquired80,000-
4.31/01/2008Acquired85,000-
5.04/02/2008Acquired70,000-

Circumstances by reason of which change has occurred:
Acquisition
Nature of Interest:
Direct and deemed interest
Consideration:




No of Shares Held After Changes:
Direct:1,084,928 shares (0.2420%)
Indirect/Deemed Interest:89,453,670 shares (19.9620%)
Total:90,538,598 shares

Remarks:
The notice was received on 4th February 2008.



This reporting is in respect of the change in Mr. Tong's deemed interest held

through Casa Unggul Sdn Bhd.

Submitted By:
Mayeen Wong

04/02/2008   06:59 PM
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发表于 7-2-2008 09:26 PM | 显示全部楼层

6165           
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name:Casa Unggul Sdn Bhd
NRIC/Passport No./Company No.:632604-U
Nationality/Country of Incorporation:Malaysia

Address:
Unit 7.02, 7th Floor, Wisma Methodist, Lorong Hang Jebat, 50150 Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:
1)  CIMSEC Nominees (Tempatan) Sdn Bhd CIMB Bank for Casa Unggul Sdn Bhd, 9th

Floor, Commerce Square, Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur.



2)  ECM Libra Avenue Nominees (Tempatan) Sdn Bhd Avenue Invest Berhad for Casa

Unggul Sdn Bhd, Level 1, Bangunan Avenue, 8 Jalan Damansara Endah, Damansara

Heights, 50490 Kuala Lumpur.


Details of Changes

Date of Notice:04/02/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.28/01/2008Acquired80,000-
2.29/01/2008Acquired80,000-
3.30/01/2008Acquired80,000-
4.31/01/2008Acquired85,000-
5.04/02/2008Acquired70,000-

Circumstances by reason of which change has occurred:
Acquisition
Nature of Interest:
Direct
Consideration:




No of Shares Held After Changes:
Direct:89,453,670 shares (19.9620%)
Indirect/Deemed Interest
:
0 shares (0.0000%)
Total:89,453,670 shares

Remarks:
The Form 29B was received on 4th February 2008.


Submitted By:
Mayeen Wong

04/02/2008   07:00 PM
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发表于 7-2-2008 09:27 PM | 显示全部楼层
6165           
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name:Employees Provident Fund Board
NRIC/Passport No./Company No.:EPF ACT 1991
Nationality/Country of Incorporation:Malaysia

Address:
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:
Refer to remarks

Details of Changes

Date of Notice:29/01/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.28/01/2008Acquired1,000,000-
2.29/01/2008Acquired1,000,000-

Circumstances by reason of which change has occurred:
Purchase of shares on open market by EPF
Nature of Interest:
Direct
Consideration:




No of Shares Held After Changes:
Direct:37,919,908 shares (8.4620%)
Indirect/Deemed Interest
:
0 shares (0.0000%)
Total:37,919,908 shares

Remarks:
You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access

the Bursa website at http://www.bursamalaysia.com

Submitted By:
Mayeen Wong

04/02/2008   07:08 PM
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发表于 7-2-2008 09:27 PM | 显示全部楼层

6165           
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name:Tong Kooi Ong
NRIC/Passport No./Company No.:590507-10-6369
Nationality/Country of Incorporation:Malaysian

Address:
4th Floor, Block B, Nusa Rhu Condominium, Jalan Medang, Bukit Bandaraya, 59100

Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access

the Bursa website at http://www.bursamalaysia.com

Details of Changes

Date of Notice:04/02/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.28/01/2008Acquired80,000-
2.29/01/2008Acquired80,000-
3.30/01/2008Acquired80,000-
4.31/01/2008Acquired85,000-
5.04/02/2008Acquired70,000-

Circumstances by reason of which change has occurred:
Acquisition
Nature of Interest:
Direct and deemed interest
Consideration:




No of Shares Held After Changes:
Direct:1,084,928 shares (0.2420%)
Indirect/Deemed Interest:89,453,670 shares (19.9620%)
Total:90,538,598 shares

Remarks:
The Form 29B was received on 4th February 2008.



This reporting is in respect of the change in Mr. Tong's deemed interest held

through Casa Unggul Sdn Bhd.


Submitted By:
Mayeen Wong

04/02/2008   07:08 PM
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发表于 7-2-2008 09:28 PM | 显示全部楼层
Change of Registrar
Reference No S--080114-50114

Company Name
:
SUNRISE BERHAD
Stock Name
:
SUNRISE
Date Announced
:
31/01/2008


Old registrar
:
Symphony Share Registrars Sdn Bhd
New registrar
:
PFA Registration Services Sdn Bhd
Address
:
Level 13 Uptown 1
No. 1 Jalan SS21/58
Damansara Uptown
47400 Petaling Jaya
Selangor Darul Ehsan
Telephone No
:
603-7718 6000
Facsimile No
:
603-7722 2311
Effective date
:
01/02/2008
Remarks
This announcement is dated 31st January 2008.
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发表于 12-2-2008 04:43 PM | 显示全部楼层
6165           
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name:Employees Provident Fund Board
NRIC/Passport No./Company No.:EPF ACT 1991
Nationality/Country of Incorporation:Malaysia

Address:
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:
Refer to remarks

Details of Changes

Date of Notice:31/01/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.30/01/2008Acquired1,000,000-
2.31/01/2008Acquired270,000-

Circumstances by reason of which change has occurred:
Purchase of shares on open market by EPF
Nature of Interest:
Direct
Consideration:




No of Shares Held After Changes:
Direct:39,189,908 shares (8.7450%)
Indirect/Deemed Interest
:
0 shares (0.0000%)
Total:39,189,908 shares

Remarks:
You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access

the Bursa website at http://www.bursamalaysia.com

Submitted By:
Mayeen Wong

11/02/2008   06:42 PM
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发表于 14-2-2008 02:06 AM | 显示全部楼层
6165           
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name:Employees Provident Fund Board
NRIC/Passport No./Company No.:EPF ACT 1991
Nationality/Country of Incorporation:Malaysia

Address:
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:
Refer to remarks

Details of Changes

Date of Notice:05/02/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.05/02/2008Acquired115,800-

Circumstances by reason of which change has occurred:
Purchase of shares on open market by EPF
Nature of Interest:
Direct
Consideration:




No of Shares Held After Changes:
Direct:39,305,708 shares (8.7710%)
Indirect/Deemed Interest
:
0 shares (0.0000%)
Total:39,305,708 shares

Remarks:
You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access

the Bursa website at http://www.bursamalaysia.com

Submitted By:
Mayeen Wong

13/02/2008   05:13 PM
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发表于 14-2-2008 02:06 AM | 显示全部楼层
6165           
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name:Employees Provident Fund Board
NRIC/Passport No./Company No.:EPF ACT 1991
Nationality/Country of Incorporation:Malaysia

Address:
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each

Name and Address of Registered Holder:
Refer to remarks

Details of Changes

Date of Notice:06/02/2008

Transactions:
No.DateTransaction TypeNo of SharesPrice (RM)
1.06/02/2008Acquired261,300-

Circumstances by reason of which change has occurred:
Purchase of shares on open market by EPF
Nature of Interest:
Direct
Consideration:




No of Shares Held After Changes:
Direct:39,567,008 shares (8.8300%)
Indirect/Deemed Interest
:
0 shares (0.0000%)
Total:39,567,008 shares

Remarks:
You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access

the Bursa website at http://www.bursamalaysia.com

Submitted By:
Mayeen Wong

13/02/2008   05:13 PM
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 楼主| 发表于 31-3-2008 09:12 PM | 显示全部楼层
耐心等待。。。危机就是转机。。。等待重新收货的时机

31-03-2008: Foreigners cautious on high-end properties
by Yong Yen Nie
Email us your feedback at fd@bizedge.com


KUALA LUMPUR: Foreign investors may be put off from acquiring high-end properties in the country as uncertainties in the global market have caused them to be risk-averse and cautious.

Analysts said foreign investors were now more apprehensive about acquiring properties and were poised to contain their risk exposure against volatile global market conditions and the new political landscape that was shaping the country.

One analyst told The Edge: “I think it is very evident that foreign investors are thinking twice about purchasing properties here this year, due to the financial uncertainties in the global market.

“Already in Penang, we are seeing softening in sales in condominium units.”

The decline in demand for properties began when foreign fund managers had to cut losses in the wake of the subprime mortgage crisis and a declining US economy.

Moreover, prospective property owners are adopting a wait-and-see attitude, due to the political changes in the country after the recent general election.

“People want to see what moves the government would be making to boost the property scene, and they are holding back their investments now. Hence, we are seeing an over-supply of property units in the country,” an analyst said.

MIMB Investment Bank Bhd research head Pong Teng Siew said the robust high-end property sector had been spearheaded by foreign investors, especially under the Malaysia My Second Home Programme, which was an initiative by the government to encourage retired foreigners to live in the country.

“However, we expect the momentum to be slowing down this year,” he said, adding that property developers would still be able to attract Singaporean and Middle Eastern investors to acquire properties here, but on a smaller scale compared to a year ago.

Additionally, another analyst said that property owners — both foreign and local alike — were now facing difficulties in renting out their properties, especially high-end ones, due to their higher rental prices.

As of December 2007, monthly rental of condominium units with floor size of 2,000 square feet that were located in the vicinity of KL City Centre could fetch between RM7,000 and RM9,000.

The analyst said: “Unlike Vietnam, whereby prospective buyers purchase property to live in, there are more buyers here that are acquiring properties to be rented out. Thus, the demand for properties may not be as sustainable.”

Subsequently, Pong said most property counters would have more downside in the short term as projects faced mounting cost pressure from steep raw material prices, and a market that might not respond coherently to the higher construction costs.

However, another analyst believed property counters still had their upside as players such as SP Setia Bhd had locked in high sales a year earlier, which would cushion the impact of lower sales this year.

“Nevertheless, the property sector is expected to be flattish in 2009, as property prices in certain segments seem to have peaked in 2007, resulting in a stabilisation process in the prices this year,” the analyst said.

On Friday, the Kuala Lumpur Stock Exchange property index rose 8.83 points to close at 788.93 points.
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