Following the JV agreement, Keppel Land will hold a 40% stake in the serviced residences and office component of the second phase of Junction City, which will have a GFA of 50,000 sq m.

Magna Prima Bhd’s proposed acquisition of 5.25 acres leasehold land in Shah Alam for RM43 million to be developed into a residential project is deemed as fair and reasonable, says Affin Hwang Investment Bank Bhd.

London claims pole position in overall rankings at No 1, with Singapore in second place — up from third since PwC’s last study in 2014. Toronto follows at third place, with Paris coming in fourth.

BNM noted that domestic financial conditions have remained stable since the previous MPC meeting, with financial markets continuing to function in an orderly manner.

"Our exposure to Malaysian REITs is only about 8% of the total REITs under our investment."

Land & General Bhd (L&G) is aiming to launch projects worth more than RM1.6 billion in gross development value (GDV) in the next six months, despite the challenging market environment.

Singapore office REITs have so far been successful at preventing their tenants from being lured away by the upcoming office supply.

In a Tuesday report, analysts Lock Mun Yee and Yeo Zhi Bin observe how retail REITs seem to be a “favoured canopy”, largely because investors are largely hiding in yield — especially in liquid, large-cap REITs. 

11,530 residential units with a gross development value of RM1 billion planned.

There is a case for BNM to ease rates further, given the country’s slower growth amid low inflation.