PRG managing director Datuk Lua Choon Hann said the company's plans were still at preliminary stage.

Ekovest managing director Datuk Seri Lim Keng Cheng, however, said there is no specific timeline for the REIT to be realised and will wait for a good time.

Our preliminary discussions with the REIT players under our coverage revealed that most of them are supportive and positive towards this new potential ruling.

Contrary to the expectation of most economists, Bank Negara Malaysia cut the overnight policy rate (OPR) by 25 basis points to 3% last Wednesday, following its counterparts from Indonesia, Singapore and Taiwan. It was the central bank’s first rate cut since 2009, after the global financial crisis. Its readiness to support short-term growth via monetary easing has been viewed positively by the market — the ringgit has since appreciated 0.6% to 3.957 against the US dollar.

The latest tower features 327 units with eight types of built ups ranging from 977sq ft to 1,359 sq ft. Priced from RM598,000, it is targeted to be completed by 2020.

To use this service, customers simply have to log into their condominium's website, which will be linked to the JomPAY service to obtain a reference number. Customers will then be redirected to their bank account where they can proceed with payment.

They include GSC, Village Grocer, Borders Books, Starbucks and Coffee Bean, the company said in a statement today.

“Malaysia’s property market is still resilient. TTDI Segaris’ highly successful launch is a testament of the market’s healthy appetite for properties in well-established neighbourhoods,” said Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin.

What used to cost 80 sen per hour has now been hiked to RM2 for the first hour and RM3 for the second and subsequent hours.

They will be launched throughout the next 18 months.