Malaysia Property Inc (MPI) has ceased operations as it has accomplished its objective of managing the property overhang issue and in branding Malaysia's real estate sector overseas, the government said today.

KLCCP Stapled Group, which comprises units in KLCC real estate investment trust (REIT) stapled together with the shares of KLCC Property Holdings Bhd, expects a 1% to 2% revenue increase in the current financial year ending Dec 31, 2016 (FY16), as it adds 45,000 sq ft of office space to its office rental income.

MTUC secretary general N Gopal Kishnam said this would help Putrajaya's efforts in providing affordable housing for low- and middle-income workers.

MRCB-Quill Real Estate Investment Trust (MQREIT) does not expect to be significantly affected by the current office space oversupply, as only 7% of its net lettable area (NLA) will be up for renewal in July.

The units are designed with green design features, which include a long overhang roof for optimal sun shading, solar panel water heater system, rain water harvesting system, high ceilings and generous window openings.

EcoWorld president and chief executive officer Datuk Chang Khim Wah (pictured) said it had already received positive responses from buyers to the 45-storey block with strata offices in BBCC, known as The Stride, which is targeted at small and medium enterprises.

SEREMBAN (April 12): A total of 2,215 properties worth over RM1.37 billion will be offered at competitive prices at the Malaysia Property Expo 2016 (Mapex 2016), reported Bernama.

With IBS being used in the construction industry, the number of unskilled workers in the country can also be reduced and focus can be placed on pre-fabricated and modular construction.

LBS Bina Group Bhd's share acquisition of ML Global Bhd could see its earnings increase moderately by 5% to 6% beginning from the second or third quarter of financial year 2016 with the full consolidation of the latter's account, according to a research report.

Mah Sing Group Bhd sees the worst to be over for the Malaysian property market as various market indicators appear to have bottomed out with residential property transactions seen to be contracting at a slower pace, while growth in house prices moderates.