Mah Sing to award RM23 mil to buyers to ease home ownership
Mah Sing Group Bhd today launched its two-month celebration cum sales campaign.
Mah Sing Group Bhd today launched its two-month celebration cum sales campaign.
Sunway Real Estate Investment Trust (Sunway REIT) says it is on track to achieve its RM10 billion property value target by the financial year ending June 30, 2020 (FY20) — which is just a little over three years away — via both asset enhancement initiatives and acquisitions of new strategic assets.
The initiatives will see the creation of up to a total of 60,000 sq ft of net lettable area (NLA), said the REIT's manager Hektar Asset Management Sdn Bhd.
OSK Holdings Bhd announced a number of changes to its board of directors yesterday, chief among them is the redesignation of Ong Ju Yan as managing director (MD) of the group, and his brother Ju Xing as deputy MD, with immediate effect.
ML Global Bhd, which is planning to diversify into property development and investment, says it is in the midst of exploratory talks to buy more lands and to undertake more joint ventures to develop small to medium scale projects.
It was responding to an article entitled Yong Tai expects to exit garment business by June in The Edge Financial Daily on Monday, which stated the company was in talks with the previous owner of Syarikat Koon Fuat Industries to dispose of the unit.
The government of Malaysia has filed a winding-up petition against a subsidiary of Country Heights Holdings Bhd over some RM22.7 million of tax liabilities the unit owes the government.
Thriven Global Bhd says its subsidiary is planning to sell a plot of freehold land here to a real estate firm for RM27.5 million, which will result in a loss of some RM11.4 million for the company.
"Nonetheless, the availability of affordable housing has been gathering momentum. Depending on the speed of the roll-out of homes under the 1Malaysia People's Housing Programme, RAM estimates that the new, more accessible end-financing scheme for PR1MA units could contribute about 1–2 percentage points to the banking system's overall loan growth over the next two years," the local rating agency said in a statement today.
"(For 2017), we expect rental growth for Pavilion (Mall) to be slightly flattish, (as economic conditions are still challenging)," Ho told reporters after Pavilion REIT's annual general meeting here today.