News by M

Deputy chief minister Datuk Amar Abang Johari Tun Abang Haji Openg feels that such a move could pose a financial risk to the developers and such a plan may not be sustainable in the long-term.

Excluding the land disposal, revenue was lower by 14% year-on-year at RM105.8 million as certain projects such as Glomac Centro had reached the tail end of recognition.

With attractive yields on offer besides the relative weakness of the Malaysian ringgit, Kuala Lumpur gives real estate investors the best value in terms of long-term growth prospects, according to international real estate services firm Knight Frank in its 2017 Global Cities report.

The annual MIEA National Real Estate Awards (NREA) organised by the Malaysian Institute of Estate Agents (MIEA) has received 31 submissions and more than 20 winners will be announced at the gala dinner to be held on Oct 1 at Sime Darby Convention Centre in Kuala Lumpur.

Tropicana Corp Bhd is talking to China Metallurgical Group Corp on a potential township development joint venture (JV).

The Nippon Paint Malaysia Group has extended its presence beyond Malaysia to countries such as Pakistan, Bangladesh, Thailand, Indonesia and the Philippines.

The next start-up hotspot will be Damansara Heights due to its improved infrastructure and connectivity, said Knight Frank Malaysia managing director Sarkunan Subramaniam.

MyTOWN, developed by Boustead Ikano Sdn Bhd — a 50:50 joint venture between Boustead Holdings Bhd and Ikano Pte Ltd — will instead see its opening sometime in the first quarter of next year...

Keppel launched the first data centre real estate investment trust (REIT) in the country called Keppel DC REIT, which was listed on the Singapore Exchange in December 2014

AmProp said the winding-up will not have any material effect on the group’s earnings, net assets and gearing for the financial year ending March 31, 2017.