News by M

This confirmed a report by The Edge Financial Daily on Monday, which said the company was looking at a potential sale of the land for some RM130 million.

Malaysian real estate investment trusts (M-REITs) may soon be allowed to put as much as 15% of their total assets into development projects and vacant land for development and are already positioning themselves for the liberalisation that is slated for the end of the year, industry sources say.

CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million (S$71 million) (RM210 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels.

Rykadan acquired the 2,920 sq ft site at 7 Kwun Chung Street from the authorities for HK$194 million more than three years ago after beating numerous bidders.

The rising price of homes is one of the biggest complaints of Malaysians, especially for city folk. Many are saying that they cannot afford most of the homes for sale out there, and we are not even talking about location and quality yet.

We opine that it is now an opportune time for Tiong Nam to go warehouse real estate investment trust (REIT) listing given the renewed interest in high dividend stocks.

Out of eight property developers under our coverage, two (UEM Sunrise Bhd [UEMS] and Eastern & Oriental Bhd [E&O]) reported earnings below expectations. 

Function does not need to be at the expense of style. Get bold and add a touch of panache to your décor.

No one was reported to be injured in the 2.30pm incident, although witnesses were shocked by the commotion caused by the falling glass panels.

The two projects are Gravitas, a mixed-use development with a GDV of RM1.1 billion; and Crescent Dew, a luxury residential development with a resort concept that has a GDV of RM700 million.