REITs outperform FBM KLCI in April
Rental reversion rates are likely to be lower for upcoming expiring net lettable areas (NLAs) with slower year-on-year store sales growth.
HSR to be ready by 2027, construction to take seven years
Measuring a total of 350km with seven stops, the HSR line involves a double track on standard gauge to move trains that can run at speeds of more than 300kph. At least 60 four-car trains worth around RM5 billion are required to service this line.
EPF to buy 80% of MRCB’s ‘exchange’ land in privatisation of Bukit Jalil sports complex
Malaysian Resources Corp Bhd (MRCB) said the Employees Provident Fund (EPF) has offered to acquire an 80% interest in ‘exchange’ land that the company will be receiving under the National Sports Complex privatisation project, for RM421.5 million.
Foreign investors like Malaysian property: Analyst
IQI Group Holdings chief economist/investment strategies Shan Saeed said Malaysia's property segment was growing in a structured manner and this would continue to attract investments from Europe, China, Japan and South Korea.
Compugates unit to dispose of Dengkil land for RM62.12m
Compugates Holdings Bhd’s 70%-owned subsidiary, Compugates Development and Mining Sdn Bhd, plans to dispose of a piece of land in Dengkil, Selangor, to Bangsawan Bumimaju Sdn Bhd for RM62.12 million.
UOA REIT's chairman Alwi Jantan quits for personal reasons
Alwi, who has been with UOA REIT in an independent and non-executive capacity, boasts a luminous career in the public sector.
Crest Builder to jointly develop Jalan Ampang land with MRB
The mixed commercial development will comprise retail, premium residences and offices, with a gross development value (GDV) of RM1.33 billion.
UEM Sunrise proposes RM2.5b sukuk debt notes to raise funds
The property developer said the sukuk programmes will give it the flexibility to raise funds via the issuance of ICPs and/or IMTNs from time to time.
E&O aborts UK unit’s planned London Stock Exchange listing
E&O said the termination of the proposed admission of E&O UK into the Alternative Investment Market (AIM) on the LSE is not expected to have an impact on the consolidated earnings per share and net assets per share of the group for the financial year ended March 31, 2016.
PROPERTY SNAPSHOT 4: What’s hot in Setapak?
Average prices have grown modestly across the market. The highest relative price growths were among the affordable properties, in part due to their lower capital bases. The top three performers were Indah Apartment, Medan Intan Apartment and Idaman Suria, with prices up 34.9%, 31.4% and 25.4% respectively.
