News by M

To be developed by Fiamma’s subsidiary Active Edge Sdn Bhd, the project will sit on a 3.3-acre leasehold parcel where the 43-storey building will house 432 serviced apartment units.

IT is only the second month into 2017, but Perbadanan PR1MA has already announced policy changes and introduced a special financing scheme for its 1Malaysia People’s Housing (PR1MA) programme in order to “enable more people to own a house under the programme,” it had said.

Located in Kuala Lumpur city centre’s prime financial district, the 24-storey Menara Prudential is set along the bustling Jalan Sultan Ismail and has a net lettable area of 164,706 sq ft. It also serves as the head office for its anchor tenant, Prudential Assurance Malaysia.

In a Thursday announcement, the property development, investment and capital management unit of Temasek, says the acquisition is part of its long-term strategy to strengthen its corporate housing and serviced apartment business.

YFG said the project is expected to commence on a date to be notified in writing by Wearegold and to be completed within 24 months.

Net property income of the retail division climbed 10.9% y-o-y to RM142.3 million as Sunway Pyramid Shopping Mall, Sunway Carnival and Sunway Putra Mall contributed higher rental income.

Project involves the building and infrastructure works of the proposed development of 1,572 units of PR1MA homes.

According to Bloomberg data, the shares were traded in five blocks at a price of RM1.75 apiece, representing a 3.3% discount to the counter’s closing price of RM1.81 yesterday

Located in Jorge Juan Street, Salamanca district, the 8,826 sq ft site is a sought-after residential and commercial area with a high presence of retailers as well as food and beverage outlets.

Rahim & Co founder and executive chairman Tan Sri Abdul Rahim Abdul Rahman pointed out that based on historical data, the local market has a 10-year cycle.