News by M

Richard R Magnus, chairman of manager CapitaLand Mall Trust Management Limited (CMTML), notes the trust’s “resilient” performance against a challenging backdrop.

Net profit plunged by a steep 80% to RM14.94 million from RM74.54 million in the same period a year ago due to absence of revaluation surpluses.

The 367-room hotel, which will be constructed by Golden Wave, is expected to be completed by 2021.

Interestingly, Johor’s residential transaction volume has not decreased as much as Kuala Lumpur’s and Selangor’s, noted TheEdgeProperty.com Malaysia product and business development director Alvin Ong during his presentation on the Johor housing market at TheEdgeProperty.com “lou sang” networking dinner with property industry players in Johor.

S P Setia Bhd will launch its final block of D’Camellia affordable apartments at Setia EcoHill, Semenyih, Selangor this weekend (Jan 21 and 22).

Sold for: RM838,000 (RM520 psf); Concluded by: Nelson Leong (REN 15269) of Cornerstone Realty (012-813 1889); When: August 2016

The project is located along Jalan Pahang and DUKE Highway 2 and accessible via Jalan Tun Razak.

Pavilion REIT said 4QFY2016 revenue rose 13.5% to RM117.5 million from RM103.5 million in the previous year because of rental income from two new properties.

Contributed by the completion of Phase 1 of Axis PDI Centre.

As expected, Bank Negara Malaysia left its benchmark interest rate unchanged at 3% today at the its first Monetary Policy Committee meeting of the year.