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Property managers back govt move to exempt tax on non-residential service charges

Property managers back govt move to exempt tax on non-residential service charges

news

Updated:
  • MIPFM praises the government's service tax exemption for non-residential buildings.
  • This eases financial burdens for property owners and management bodies.
  • It reflects positive collaboration between the government and industry.
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Gamuda outperforms broader selldown, analysts shrug off weaker-than-expected results

Gamuda outperforms broader selldown, analysts shrug off weaker-than-expected results

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Updated:
  • Gamuda Bhd shares rose despite a weaker quarter.
  • Analysts recommend buying, expecting future profit growth.
  • The company has a strong order book and project pipeline.
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Vestland wins RM135 mil construction job in Klang

Vestland wins RM135 mil construction job in Klang

news

Updated:
  • Vestland Bhd secured a RM135 mil construction contract in Bukit Raja, Klang.
  • The project involves superstructure works for a nine-story factory.
  • Completion is expected within 36 months from the start date.
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Econpile bags RM49 mil piling job in KL

Econpile bags RM49 mil piling job in KL

news

Updated:
  • Econpile secured a RM48.8 mil piling contract for a 74-story apartment project.
  • This boosts their FY2026 contract wins to RM404 mil.
  • The project will be completed within 16 months, with site operations commencing on July 7.
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Anwar promises low-rental housing for civil servants

Anwar promises low-rental housing for civil servants

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Updated:
  • PM Datuk Seri Anwar Ibrahim announced new housing for civil servants.
  • It will offer lower rental rates to ease financial burdens.
  • This initiative addresses rising rent despite salary increases.
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EWI Capital builds income platform with AOF3 as legacy UK projects run down

EWI Capital builds income platform with AOF3 as legacy UK projects run down

news

Updated:
  • EWI Capital Bhd is repositioning its portfolio towards income-generating office assets.
  • Despite the near-term losses, EWI Capital's balance sheet remains asset-backed.
  • EWI Capital said AOF3 investment forms an integral part of its strategy to chart a return to profitability.
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Axis REIT's latest purchase earnings-accretive, price tag reasonable — analysts

Axis REIT's latest purchase earnings-accretive, price tag reasonable — analysts

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Updated:
  • Analysts view Axis REIT's new acquisition positively.
  • The distribution centre offers a 5.8%-6.2% yield.
  • This deal reinforces Axis REIT's logistics strategy.
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Axis REIT to buy City‑Link distribution centre in Bandar Saujana Putra for RM128 mil

Axis REIT to buy City‑Link distribution centre in Bandar Saujana Putra for RM128 mil

news

Updated:
  • Axis-REIT is proposing to buy a distribution centre from City-Link Express for RM128 mil cash.
  • The property will be leased back to City-Link for 15 years, ensuring steady income.
  • This acquisition aligns with Axis-REIT's growth strategy and will boost its earnings.
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Tower REIT names new CEO for management company

Tower REIT names new CEO for management company

news

Updated:
  • Douglas Richard Fyvie Crichton is GLM REIT Management Sdn Bhd's new CEO.
  • He has over 25 years of real estate experience in Southeast Asia.
  • Tower REIT also appointed Wong Shao Ling as a non-independent and non-executive director.
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