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      UEM Sunrise hits RM1.46b sales for 2021, sets RM1.5b sales target for 2022

      UEM Sunrise hits RM1.46b sales for 2021, sets RM1.5b sales target for 2022

      The developer announced an increased sales target of RM1.5 billion for 2022, with plans to launch projects worth RM3.3 billion in gross development value (GDV) totalling 3,526 units, which include activating the 1.3-acre site in Collingwood, Melbourne that was acquired back in 2020 to launch a mixed-development project with an estimated GDV of A$250 million (RM734.84 million).

      January 28, 2022
      At sneak peek, Genting Malaysia says RM3.2b Genting SkyWorlds to be opened in Feb 2022

      At sneak peek, Genting Malaysia says RM3.2b Genting SkyWorlds to be opened in Feb 2022

      Public Investment Bank Bhd analyst Eltricia Foong, who attended Genting SkyWorlds' sneak peek, wrote in a note on Friday that "after multiple delays” due to Covid-19 pandemic-driven disruptions, "the wait is almost over" as the theme park is finally scheduled to open its doors to the public in February 2022.

      January 28, 2022
      Mah Sing to open all sales galleries during Chinese New Year holiday with ang pow giveaways close to RM100,000

      Mah Sing to open all sales galleries during Chinese New Year holiday with ang pow giveaways close to RM100,000

      According to the developer in a statement, this is to continue its efforts to assist Malaysians in owning affordable-range properties under the ongoing “LIFT OFF with Mah Sing” sales campaign.

      January 28, 2022
      Malaysia tops emerging Southeast Asia for foreign investment in 2022 — Milken Institute

      Malaysia tops emerging Southeast Asia for foreign investment in 2022 — Milken Institute

      The annual assessment, created to help inform investor and policymaker global investment decisions, evaluates an economy’s investment landscape using variables such as the macroeconomic outlook, access to financial services, the potential for future innovation and development, and more.

      January 28, 2022
      Henry Butcher: Property market on recovery path in 2022

      Henry Butcher: Property market on recovery path in 2022

      In presenting its annual report on the review and outlook for the Malaysian property market in 2022 released on Jan 27, he stated that almost all sectors of the economy have been opened up and people have adjusted to the new normal of adhering to the SOPs. The uncertain and unstable political situation, with the changes in leadership of several State governments in recent months, however, remains a concern until a clearer picture emerges after the 15th General Election (GE15).

      January 28, 2022
      Pavilion REIT 4Q net property income rises 21% y-o-y on lower operating expenses

      Pavilion REIT 4Q net property income rises 21% y-o-y on lower operating expenses

      In contrast, its quarterly revenue slipped 4.98% to RM124.28 million from RM130.79 million on a year-on-year (y-o-y) basis mainly due to lower occupancy rates because of non-renewal of expired tenancies and some tenants deferring their rent commencement dates.

      January 28, 2022
      UDA Holdings to launch terraced house projects — Pisonia Villa Package 2 and Areca Terrace — in Johor Baru

      UDA Holdings to launch terraced house projects — Pisonia Villa Package 2 and Areca Terrace — in Johor Baru

      According to a statement on Wednesday (Jan 26), UDA president and chief executive officer Mohd Salem Kailany said that the projects will be offered in the middle of this year.

      January 28, 2022
      CapitaLand to reduce reliance on retail, ventures into industrial real estate, logistics, data centres

      CapitaLand to reduce reliance on retail, ventures into industrial real estate, logistics, data centres

      Chief executive officer Tan Choon Siang said these segments would be the primary focus of the company because they could be potential new assets for the company and a pre-check on these sectors showed that they are resilient, particularly during the peak of Covid-19.

      January 28, 2022
      Knight Frank Malaysia appoints Amy Wong as executive director of research and consultancy

      Knight Frank Malaysia appoints Amy Wong as executive director of research and consultancy

      According to a statement on Thursday (Jan 27), Wong will be leading the team in a wide variety of consulting projects, alongside Knight Frank Malaysia executive director of research and consultancy Judy Ong.

      January 27, 2022
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