News by M

It seems 16 companies are vying for the packages of the RM16 billion Sarawak stretch slated for completion by 2022.

With the strong recovery in China’s property market, phase 1 and phase 2 of IOI Palm City in Xiamen are almost fully taken up.

The real estate sector may deliver better returns than bonds, but investors should be patient and selective when looking at new property allocations, according to the Global Alternatives Survey 2016, published by Willis Towers Watson, a leading global advisory and broking and solutions company headquartered in London.

PRG said its wholly-owned subsidiary, Premier Gesture Sdn Bhd, signed the development JV agreement with Baycity for the project on a leasehold 2.6ha (6.48 acre) tract. Baycity owns the land.

EC World will be the third REIT to be floated in Singapore this year. The trust hopes to raise up to S$450 million (RM1.3 billion) with its initial portfolio of six e-commerce and logistics properties located in Hangzhou, China.

PRG managing director Datuk Lua Choon Hann said the company's plans were still at preliminary stage.

Ekovest managing director Datuk Seri Lim Keng Cheng, however, said there is no specific timeline for the REIT to be realised and will wait for a good time.

Our preliminary discussions with the REIT players under our coverage revealed that most of them are supportive and positive towards this new potential ruling.

To use this service, customers simply have to log into their condominium's website, which will be linked to the JomPAY service to obtain a reference number. Customers will then be redirected to their bank account where they can proceed with payment.

“Malaysia’s property market is still resilient. TTDI Segaris’ highly successful launch is a testament of the market’s healthy appetite for properties in well-established neighbourhoods,” said Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin.