IOI Properties Group Bhd is looking to launch property projects worth an estimated gross development value (GDV) of RM2 billion to RM2.5 billion in 2017, said chief executive officer Lee Yeow Seng.

The manager of Manulife US REIT reported a distribution per unit (DPU) of 3.55 US cents (5 Singapore cents) for FY16, which exceeded the forecast DPU of 3.39 US cents by 4.8% due to higher property performance and lower borrowing costs and trust expenses.

Shopping malls in Malaysia currently operate in an environment of high operating costs amid lower consumer spending, according to a latest survey by the Malaysia Shopping Malls Association (PPK).

The developer of Bukit Bintang City Centre (BBCC) is unfazed by the office supply glut that is haunting the Klang Valley property market now, saying the RM8.7 billion integrated development is still getting a substantial amount of interest from potential investors or owners.

Thanks to the RM55 billion East Coast Rail Link (ECRL), the long-forgotten East Coast of Peninsular Malaysia has somewhat come under the limelight again, despite the numerous questions raised about the railway’s price tag and the eventual benefits it could bring to the country.

Sarawak-based engineering and construction group Hock Seng Lee Bhd (HSL) is all out to cater to the rising demand for affordable housing in the state’s major urban centres, especially Kuching.

In less than two years, Singapore-based Lee Rubber Co (Pte) Ltd has divested itself of at least four assets in Malaysia, namely in Johor, Kuala Lumpur and Penang. The group is expected to dispose of two more properties in the coming months.

They are Impiana Sky Residensi and Paraiso.

Excluding certain one-off items, ARA Asset’s adjusted net profit in 4Q improved by 4% at S$21.0 million, compared with S$20.1 million a year ago.

This will be Zepp Hall’s first facility out of Japan.