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Malaysian REIT managers call for return of withholding tax relief in Budget 2027

Malaysian REIT managers call for return of withholding tax relief in Budget 2027

news

Updated:
  • The MRMA seeks to restore the REIT dividend withholding tax break in Budget 2027.
  • This tax mechanism is crucial for attracting investors and expanding portfolios.
  • They also propose raising the REIT gearing limit to 60% for flexibility.
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GUH completes Suzhou land use rights disposal after final CNY39m payment

GUH completes Suzhou land use rights disposal after final CNY39m payment

news

Updated:
  • GUH Holdings received its final compensation payment for land repossession in China.
  • This payment of CNY39.0 mil completes the disposal.
  • The total compensation reached CNY195.01 mil for the industrial site.
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Chin Hin Property JV firm repays remaining RM35.4m to Fiamma

Chin Hin Property JV firm repays remaining RM35.4m to Fiamma

news

Updated:
  • Chin Hin Group Property Bhd's JV company, SUSB, repaid RM35.4 mil to Fiamma Holdings Bhd.
  • This payment was made on Sept 25, as per their shareholders' agreement.
  • The repayment deadline had been extended from Sept 21 to Oct 21.
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Asiabina says One Seputeh Residences 30% taken up

Asiabina says One Seputeh Residences 30% taken up

news

Updated:
  • One Seputeh Residences, Asiabina's first Klang Valley project, launched successfully.
  • 30% of 383 units had been taken up, including all penthouses.
  • The project offers 23 amenities and will be completed by 2030.
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Perak says Tanjong Malim investor talks continue after BYD plant reversal

Perak says Tanjong Malim investor talks continue after BYD plant reversal

news

Updated:
  • Perak seeks new investors for Tanjong Malim's auto ecosystem after BYD withdrew.
  • The state is in talks with various local and foreign companies.
  • Officials did not name investors or disclose investment details.
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Hap Seng to sell 50.82% Hafary stake under RM446.4m takeover offer

Hap Seng to sell 50.82% Hafary stake under RM446.4m takeover offer

news

Updated:
  • Hap Seng will sell its 50.82% stake in Hafary Holdings for S$140.03 mil.
  • This disposal is expected to yield a gross gain of RM187.3 million for Hap Seng.
  • The proceeds will primarily repay borrowings, saving RM14.9 mil in annual interest.
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Kerjaya Prospek Property launches 1,406-unit AndaBreeze in Batu Kawan

Kerjaya Prospek Property launches 1,406-unit AndaBreeze in Batu Kawan

news

Updated:
  • Kerjaya Prospek Property launched AndaBreeze, a freehold residential project in Penang.
  • It features 1,406 units across two towers with over 80 facilities.
  • The development emphasises modern living, amenities, and connectivity.
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Taghill proposes RM191.7m apartment project in Kota Bharu under JV

Taghill proposes RM191.7m apartment project in Kota Bharu under JV

news

Updated:
  • Taghill Holdings Bhd will develop 639 apartments in Kota Bharu, Kelantan.
  • The project has an estimated gross development value of RM191.7 mil.
  • It is expected to commence by 2Q2027 and complete by 2Q2031.
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SkyWorld shareholders approve share buy-back authority at AGM

SkyWorld shareholders approve share buy-back authority at AGM

news

Updated:
  • SkyWorld shareholders approved a share buy-back mandate at their AGM.
  • All nine resolutions passed, including director re-elections.
  • Directors' fees and benefits were also approved by the shareholders.
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Malaysian REIT managers call for return of withholding tax relief in Budget 2027