News by M

The timeline for completion of the aerotrain project at the Kuala Lumpur International Airport (KLIA) is completely unrelated to the recent privatisation of Malaysia Airports Holdings Bhd (MAHB), said its chairman Dr Nungsari Ahmad Radhi.

The Pahang government is prepared to reduce land premium rates for federal development projects that benefit the people, including the Tengku Ampuan Afzan Hospital (HTAA) expansion, said Menteri Besar Datuk Seri Wan Rosdy Wan Ismail.

The goal of investment should be about securing your finances, not to make quick money, said a panellist during a financial literacy event over the weekend.

The confiscation or revocation of land ownership from individuals who fail to pay quit rent in Pahang is implemented in accordance with established procedures, Menteri Besar Datuk Seri Wan Rosdy Wan Ismail said today.

Axis Real Estate Investment Trust (Axis REIT) (KL:AXREIT) net income rose 16.2% to RM49.13 million in its first quarter ended March (1QFY2025) from RM42.27 million in 1QFY2024, as new acquisitions, tenancies and rental rates boosted its property income.

IGB REIT and IGB Commercial REIT reported higher earnings in the first quarter ended March 31, 2025, but warned investors of challenges ahead.

AME Real Estate Investment Trust (KL:AMEREIT) on Wednesday reported a marginal increase in net property income (NPI) for its fourth financial quarter, thanks to contributions from two newly-acquired industrial properties which were, however, offset by higher operating expenses.

Sarawak Consolidated Industries Bhd (KL:SCIB) on Wednesday clarified that its subsidiary’s RM19.72 million recovery claim against Awana JV Suria Saga Sdn Bhd has not been withdrawn, but has instead been consolidated into a main suit to streamline litigation proceedings.

Noteworthy:

• Freehold
• Built-up size: 3,800 sq ft
• Land size: 2,690 sq ft
• Semi-furnished
• 4 bedrooms, 4 bathrooms
• Nearby amenities: Mid Valley Megamall, Pantai Hospital, Universiti Malaya Medical Centre, Kuala Lumpur Golf Country Club
• Accessibility: Federal Highway, New Pantai Expressway (NPE), Jalan Syed Putra, Setiawangsa-Pantai Expressway (SPE)

When: January 2025

Investing in property might sound unattainable in your 20s, because, don’t you need hundreds of thousands of ringgit to begin? Experts at YouthFest 2025 debunked the perception that substantial capital is a barrier to entry, emphasising that you don't need a lot of money to step onto the first rung of the property investment ladder.