Unitholders of Pavilion Real Estate Investment Trust (Pavilion REIT) have greenlighted the proposal to acquire Pavilion Bukit Jalil Mall (PBJ Mall) from Malton Bhd for RM2.2 billion.
Trive Property Group Bhd’s net profit jumped to RM24.11 million in the second quarter ended Jan 31, 2023 (2QFY2023), about 18 times the RM1.36 million it made in the same period a year earlier (2QFY2022), thanks mainly to fair value gains of its investment properties that amounted to RM27.26 million.
Rakuten Trade has a “buy” rating on Kerjaya Prospek Group Bhd at RM1.17 with a target price of RM1.70 and said it expects Kerjaya’s FY2023 and FY2204 earnings to improve by 23.5% and 20.0% to RM139.2 million and RM167.0 million, buoyed by higher revenue recognition.
Mah Sing Group Bhd’s M Vertica in Cheras has achieved 90% take-up to date, according to the group in a press release on Tuesday (March 21). The final tower, Tower E, is now open for sale.
Malaysian real estate investment trusts (REITs) remain as safe-haven investments for investors amid market uncertainty, owning to growing contagion fears with the collapse of Silicon Valley Bank and the fallout of Credit Suisse Group AG.
GDB Holdings Bhd, via its wholly owned subsidiary Grand Dynamic Builders Sdn Bhd (GDBSB), has withdrawn its legal suit against KSK Land Sdn Bhd, the holding company of Damai City Sdn Bhd, over unpaid monies in relation to the construction of a building here.
The number of sick, delayed or abandoned projects — which has risen to about 1,007 — is expected to increase further, due to the end of the extension of time for many projects, which was previously granted during the pandemic.
The project sits on a 2.65 ha parcel and will offer 998 residence units in three towers atop a seven-storey podium.
Rehda Institute and BPMB signed an MOU for the research works spanning from real estate and property development, housing policies, banking and financing, to environmental, social and governance, and the development of smart cities.
The JV company will develop the Graha Mustika Tamansari township in Bekasi, Greater Jakarta.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
