News by M

Axis Real Estate Investment Trust (Axis REIT) posted a 15.39% year-on-year increase in net property income (NPI) for the fourth quarter ended Dec 31, 2024 (4QFY2024), contributed by its new acquisitions and new tenancies.

Sime Darby Property recently signed on five anchor tenants for the Kuala Lumpur Golf & Country Club (KLGCC) Mall.

Scientex Bhd has entered into a partnership agreement with EdgeProp Malaysia to reward buyers of the duplex and penthouse units at Mori Residences 2 through EdgeProp’s homebuyer rewards programme, START.

Malaysia’s property market saw an overall increase of 14% in transaction value to almost RM163 million and 6% in transaction volume to 311,211 units in the first nine months of 2024, in comparison to the same period in 2023.

The skills gap within the property industry is becoming critical as AI-powered searches shake up the industry in the coming years.

KIP Real Estate Investment Trust (KL:KIPREIT) said it remains in acquisition mode, aiming to expand its portfolio with more retail and industrial properties.

The High Court allowed the forfeiture of Ricky Wong Shee Kai’s luxury condominium unit at Four Seasons Place in Kuala Lumpur, as well as RM445,039.28 in the businessman’s personal fixed deposit account.

Gamuda Land, in collaboration with Meaningfull Life, is launching Malaysia’s first integrated eldercare facility within its twentyfive7 township, setting a new benchmark for multi-generational community living.

Sentral Real Estate Investment Trust (KL:SENTRAL) is poised for modest earnings growth in fiscal year 2025 (FY2025), driven largely by rental reversion across the REIT’s portfolio, according to analysts.

Economists anticipate Bank Negara Malaysia (BNM) to maintain its overnight policy rate (OPR) at 3% throughout 2025, in a move to strike a balance between sustaining economic growth and managing rising inflationary pressures.