Menang Corp shareholders linked to Titian Hartanah cease to be substantial shareholders
Shareholders of Menang Corp (M) Bhd connected to Titian Hartanah (M) Sdn Bhd have ceased to be substantial shareholding of the property developer.
Pavilion REIT unitholders greenlight RM2.2 bil Pavilion Bukit Jalil mall acquisition
Unitholders of Pavilion Real Estate Investment Trust (Pavilion REIT) have greenlighted the proposal to acquire Pavilion Bukit Jalil Mall (PBJ Mall) from Malton Bhd for RM2.2 billion.
Trive’s 2Q net profit jumps to RM24 mil on fair value gains
Trive Property Group Bhd’s net profit jumped to RM24.11 million in the second quarter ended Jan 31, 2023 (2QFY2023), about 18 times the RM1.36 million it made in the same period a year earlier (2QFY2022), thanks mainly to fair value gains of its investment properties that amounted to RM27.26 million.
Rakuten Trade expects Kerjaya Prospek to pay 2.3 sen and 2.7 sen in dividends for FY2023 and FY2024
Rakuten Trade has a “buy” rating on Kerjaya Prospek Group Bhd at RM1.17 with a target price of RM1.70 and said it expects Kerjaya’s FY2023 and FY2204 earnings to improve by 23.5% and 20.0% to RM139.2 million and RM167.0 million, buoyed by higher revenue recognition.
Mah Sing’s M Vertica in Cheras 90% taken up, final Tower E now open for sale
Mah Sing Group Bhd’s M Vertica in Cheras has achieved 90% take-up to date, according to the group in a press release on Tuesday (March 21). The final tower, Tower E, is now open for sale.
Malaysian REITs remain a safe haven amid market volatility, says MIDF Research
Malaysian real estate investment trusts (REITs) remain as safe-haven investments for investors amid market uncertainty, owning to growing contagion fears with the collapse of Silicon Valley Bank and the fallout of Credit Suisse Group AG.
GDB withdraws legal suit against KSK Land, at liberty to file afresh if demands not met
GDB Holdings Bhd, via its wholly owned subsidiary Grand Dynamic Builders Sdn Bhd (GDBSB), has withdrawn its legal suit against KSK Land Sdn Bhd, the holding company of Damai City Sdn Bhd, over unpaid monies in relation to the construction of a building here.
'Scary' number of potentially problematic housing projects this year, says deputy minister
The number of sick, delayed or abandoned projects — which has risen to about 1,007 — is expected to increase further, due to the end of the extension of time for many projects, which was previously granted during the pandemic.
Crest Builder to launch The Interpoint in 2Q2023
The project sits on a 2.65 ha parcel and will offer 998 residence units in three towers atop a seven-storey podium.
Rehda Institute and Bank Pembangunan to work on affordable housing research
Rehda Institute and BPMB signed an MOU for the research works spanning from real estate and property development, housing policies, banking and financing, to environmental, social and governance, and the development of smart cities.
