KUALA LUMPUR (May 3): What was once tin mining land has been transformed into an 800-acre Sunway City Kuala Lumpur (SCKL) township, also known as Bandar Sunway. Developed by Sunway Group, the township continues to enjoy steady demand.

In City & Country’s May 4 cover story, Metro REC Sdn Bhd head of agency Terence Yap, CBRE|WTW managing director for valuation and advisory Ungku Mohd Iskandar Ungku Ismail and Nawawi Tie Leung Real Estate Consultants executive adviser Eddy Wong discuss the catalysts that have shaped SCKL, as well as how these factors influence property demand, pricing and the urban challenges it faces. 

Other stories include a Designworks segment where architect Eugene Cheah of Cheah Saw Architecture shares his approach of looking beyond the brief to uncover innovative ideas that add value. This philosophy is reflected in several projects featured in the column, including the Consulate General of Malaysia in Melbourne, Hawthorn House and The Osment.

Looking for another way to invest in property without owning one? In our Know Your Stuff segment, Malaysian REIT Managers Association vice-chairman and AmREIT Managers Sdn Bhd deputy CEO Zuhairy Md Isa and Knight Frank Malaysia executive director of capital markets (investment) James Buckley share their insights for those who are unfamiliar with a Real Estate Investment Trust.

From March 19 to 25, over 30 delegates from the Asia Real Estate Leaders (AREL) study tour explored the UK property market, including its housing systems and policies. Organised by Rehda Institute — the training and research arm of the Real Estate and Housing Developers’ Association (Rehda) Malaysia — the delegates were introduced to a wide range of topics, from live developments and infrastructure systems to policy forums and academic engagements, offering diverse perspectives on how cities function.

From our Singapore counterpart, The Edge Singapore’s City & Country reports the untapped potential of Frasers Property Ltd, with DBS Group viewing the company’s valuation to be undervalued. 

There are two stories on the international front. The first story looks into ultra-luxury towers at Billionaires’ Row in New York City and how the proposed pied-à-terre tax will play out. The second story reports on one of the latest transaction deals in Tokyo — an 18-storey Pasona Square office building sold for US$628 million (RM2.5 billion) by Canadian real estate fund BGO to Tokyo-based developer Goldcrest Co. 

Read all about it in the May 4 issue of The Edge Malaysia weekly.

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