The property sector’s wish list for new BNM governor
A new man is in charge. Datuk Muhammad Ibrahim took the reins from Tan Sri Zeti Akhtar Aziz as Bank Negara Malaysia (BNM) governor on May 1.
Gabungan AQRS buys 49% stake in PR1MA contractor
In a filing with Bursa Malaysia yesterday, Gabungan AQRS said its subsidiary Gabungan Strategik Sdn Bhd had signed a joint-venture (JV) agreement with Monolight IBS Building System Sdn Bhd to construct, develop and complete the development of PR1MA homes with all the necessary amenities, utilities, facilities and infrastructure.
MWE intends to sell 9 parcels of land, golf club stake to trim debts
MWE said it had entered into two separate sale purchase agreements. The first was by its indirect wholly-owned unit Melati Mewah Sdn Bhd that will sell the 48.2ha lands in Mukim Raja, Petaling Jaya, Selangor, to Pristine Primawera Sdn Bhd.
Lembaga Tabung Haji plans to sell London office property
The property is expected to sell for about £200 million (RM1.16 billion).
Genting clears hurdle for US$4 billion Resorts World Las Vegas
Las Vegas Review-Journal reported that Genting officials told regulators subtle refinements had been made to the Chinese-themed resort, which Genting said would include a 150,000 sq ft casino and open in 2019.
Vivocom eyes turnkey contract
Vivocom announced to Bursa Malaysia today the builder via Vivocom Enterprise Sdn Bhd had signed a heads of agreement with developer De Facto Integrated Sdn Bhd.
PROPERTY SNAPSHOT 4: What’s hot in Kelana Jaya?
Growth in average prices was more significant among the more affordable properties. The top performer by relative average price growth was Kelana Impian, with prices up 21.8% to reach RM341 psf in the 12 months to 1Q2015.
Blackstone in negotiations to buy Sime Darby’s Aussie assets, says report
Five industrial buildings in Australia could be acquired by Blackstone Group, said the report. Sime Darby is planning to sell property assets in Australia and Singapore so that it can reduce debt.
999-year leasehold condo in Bukit Timah going for S$900 psf
The project’s last transaction was in November 2015, when a 1,281-sq ft unit was sold for S$1.27 million, or S$993 psf.
Resilient showing in MRCB-Quill’s 1Q
MRCB-Quill REIT’s first quarter of financial year 2016 (1QFY16) gross revenue of RM32.7 million, up by 75.5% year-on-year (y-o-y), was translated into a normalised net profit of RM15.24 million (84.1% higher y-o-y), accounting for 26.2% and 26.8% of Hong Leong Investment Bank Research and consensus full-year forecasts respectively. There were no dividends in the quarter as its dividends are usually declared semi-annually.
