Airbnb activity added RM9.2b to Malaysia’s economy in 2024, study shows
Airbnb activity contributed RM9.2 billion to Malaysia’s gross domestic product (GDP) in 2024, equivalent to 5% of the tourism sector’s overall contribution.
Sentral REIT’s 2Q net property income slips 2.5%, declares income distribution of 3.16 sen
Sentral REIT’s (KL:SENTRAL) net property income slipped 2.5% in the the second quarter, mainly due to lower rental income from Menara Shell, coupled with accounting adjustments under the Malaysian Financial Reporting Standard 16.
Azam Jaya bags RM120.9m job to upgrade Sabah’s Tawau Airport
Azam Jaya Bhd (KL:AZAMJAYA) has secured a three-year contract from the Ministry of Transport for upgrading works for Sabah’s Tawau Airport.
Sultan of Pahang raises stake in Citaglobal to 13.25% via off-market acquisition
The Sultan of Pahang, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, on Wednesday increased his stake in Citaglobal Bhd (KL:CITAGLB) through the off-market acquisition of a 3.52% stake.
Former chairman Farouk Abdullah ceases to be Magma's substantial shareholder
Magma Group Bhd's (KL:MAGMA) former executive chairman Datuk Seri Ismail @ Farouk Abdullah has ceased to be a substantial shareholder in the hotel management and property development company, following a stake trim.
MUI found a buyer for Corus Hotel KL, sources say
Malayan United Industries Bhd (KL:MUIIND), or MUI, will be sealing a deal to sell Corus Hotel Kuala Lumpur to a publicly-listed property developer, according to sources.
Sejati Lakeside, Cyberjaya, Selangor terrace house sold for RM1.03m | DONE DEAL
Noteworthy:
- Freehold
- Built-up size: 3,076 sq ft
- Land size: 1,820 sq ft
- 5 bedrooms, 4 bathrooms
- Unfurnished
- Nearby amenities: Tamarind Square, Hospital Cyberjaya, Multimedia University, Cyberjaya Lake Gardens, University of Cyberjaya
- Accessibility: Putrajaya–Cyberjaya Expressway, SKVE, LDP, Persiaran Multimedia
When: March 2025
KIP REIT could offer above-average yield of 8%, Apex Securities says in initiating coverage
While shopping mall owners grapple with rising costs, KIP REIT (KL:KIPREIT) could stay resilient and offer an above-average distribution yield of 8%, according to Apex Securities.
Old bones, new buzz: Port Klang’s shoplots draw fresh interest
Anchored by an international port serving as Malaysia’s main gateway for cargo freight, Port Klang town has been lined by a historic commercial core as old as the harbour. With some having weathered more than a century’s rain and shine, the shops here retain among the lowest rent rates in the Klang Valley.
Mah Sing opens RM1.5b M Grand Minori sales gallery; sees 90% take-up of Tower A
Mah Sing Group Bhd’s (KL:MAHSING) maiden project under its premium M Grand Series, M Grand Minori, recorded a 90% take-up rate for Phase 1 of Tower A during its launch weekend.
