News by M

MRCB-Quill Real Estate Investment Trust (MQREIT) does not expect to be significantly affected by the current office space oversupply, as only 7% of its net lettable area (NLA) will be up for renewal in July.

As a mature neighbourhood, most of the homes are dated, affordable and mid-end ones, except those in Sentul West.

With IBS being used in the construction industry, the number of unskilled workers in the country can also be reduced and focus can be placed on pre-fabricated and modular construction.

LBS Bina Group Bhd's share acquisition of ML Global Bhd could see its earnings increase moderately by 5% to 6% beginning from the second or third quarter of financial year 2016 with the full consolidation of the latter's account, according to a research report.

Mah Sing Group Bhd sees the worst to be over for the Malaysian property market as various market indicators appear to have bottomed out with residential property transactions seen to be contracting at a slower pace, while growth in house prices moderates.

Gaining control of ML Global would help pave way for LBS Bina to spread its wing in infrastructure building.

Tropicana is selling the Dijaya Plaza office building to Kenanga Investment Bank Bhd for RM140 million cash, which will be used for working capital and/or to repay borrowings.

Flanked mainly by old shop houses, Jalan Ipoh is reminiscent of bygone days. As one of the oldest roads leading to Kuala Lumpur’s city centre, the area is fairly mature with limited empty land left.

Malaysia's construction segment is expected to grow between 8% and 10% in 2016 in terms of projects undertaken, driven by government infrastructure projects, said Works Minister Datuk Seri Fadillah Yusof.