On June 20, Sunway REIT announced the proposed acquisition of a tract of land, measuring 143,225 sq ft (13,306 sq m), that is adjacent to Sunway Carnival from its parent Sunway Bhd for RM17.2 million cash.

Malaysian real estate investment trusts (M-REITs) are touted as safe haven assets for investors seeking safety in dividend yields post-Brexit. But unit holders will need to get smarter fast as M-REITs — favoured and marketed as a low-risk passive investment vehicle with a high certainty of cash flow from rent derived from lease agreements — will soon be allowed to take on construction risks to enjoy development profits.

Berjaya Assets Bhd (BAssets)'s unit, Berjaya Waterfront Sdn Bhd, has inked a Memorandum of Understanding (MoU) with Foshan City Bureau of Commerce (FCBC) to establish a strategic collaboration partnership to foster trade and investment activities.

The central bank warned that there are increasing signs of moderating growth momentum in major economies going forward.

The city has been sort of underrated over the years as a tourist spot in Malaysia, with the Pearl of the Orient, Penang; and historical Melaka hogging the limelight in the peninsula and Land Below the Wind, Sarawak across the South China Sea drawing in visitors.

Bandar Bukit Tinggi in Klang will see an upgraded version of Manipal Hospitals Klang, which will be opening next Monday.

Hotels are so last year. So much better to get into the culture of a country by living in one of the people’s homes. But what happens when the same people get all worked up by your presence?   

Malaysia Airports Holdings Bhd (MAHB) has tied up with AREA Management Sdn Bhd (AREA), the project management company of AREA Industrial Development Fund 1 (AIDF 1), to develop a technology park with a gross development value (GDV) of RM436 million.

The province’s “action plan” to meet this goal include “easing restrictions on residents buying properties in other cities, encouraging migrant workers to buy urban homes, and reducing land supply in cities that face mounting inventories”.

This confirmed a report by The Edge Financial Daily on Monday, which said the company was looking at a potential sale of the land for some RM130 million.