KIP Real Estate Investment Trust (KL:KIPREIT) posted a 28.9% rise in net property income (NPI) for the second quarter on better performance of its malls, bolstered by newly acquired retail assets, Cyberjaya mall D’Pulze and Perak hypermarket TF Value.
UOA Real Estate Investment Trust (KL:UOAREIT) posted a 8.55% increase in net rental income for the fourth quarter on improved occupancy.
Noteworthy:
When: August 2024
The new project marks Mah Sing’s third development in Sentul and is estimated to carry a GDV of RM283 million.
The research house said this growth could position Johor to attain “high-income” status, driven by its strong GDP growth and population expansion.
The iRide project, which is based on the TOD concept, will see the development of almost 70 acres of RAC land behind Ipoh Railway Station, which will be rebranded as Ipoh Sentral.
Under the deal, GDC Data will acquire a 49% stake in Maxland Real, which is to serve as the joint-venture company for the collaboration.
This disposal follows Mieco’s strategic rationalisation, which involved consolidating operations at its Kuala Lipis plant to centralise production and achieve cost efficiencies.
More rolling stocks will be needed to achieve the target, and the government is currently discussing its options and plans.
Bank Negara Malaysia (BNM) will most likely maintain the overnight policy rate (OPR) at 3% this year, and this stable and relatively low interest rate environment will free up capital for people to borrow, especially for things like property, said an economist at the CEO Series 2025 Economy & Business Forum.
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