Avillion Bhd shares rose to a six-month high of seven sen in Wednesday morning trade, after the integrated travel, hotel and property group assured that it is business as usual for the company despite being listed as one of the assets former finance minister Tun Daim Zainuddin failed to declare to the Malaysian Anti-Corruption Commission (MACC).

Noteworthy:

• Land size: 1,571 sq ft
• Built-up size: 1,320 sq ft
• 2 bathrooms
• Leasehold
• Unfurnished
• Nearby amenities: PJ474 SK La Salle (Selatan) bus stop, schools and residential areas, Amcorp Mall, Taman Jaya Park, Jalan Templer KTM station
• Accessibility: NPE, Federal Highway, Jalan Gasing, Jalan Templer

September 2023

Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) decreased by 7.2% to RM135.7 million for the fourth quarter ended Dec 31, 2023 (4QFY2023) from RM146.2 million in the previous year’s corresponding quarter.

Sarawak Consolidated Industries Bhd (SCIB) deems the RM21.62 million cash it plans to fork out for five leasehold plots in Demak Laut Industrial Park in Kuching, Sarawak, as “fair and reasonable”, after taking into account the prices of comparable properties in the same location.

After falling into the limelight due to being listed as one of the assets former finance minister Tun Daim Zainuddin failed to declare to the Malaysian Anti-Corruption Commission (MACC), Avillion Bhd has assured that it is business as usual for the company.

CapitaLand Malaysia Trust (CLMT) reported a 54.4% jump in its net property income (NPI) for the fourth quarter of its 2023 financial year (4QFY2023) to RM63.02 million from RM40.8 million in the corresponding quarter in FY2022, as it reported stronger revenue.

The imminent service tax hike and the implementation of luxury goods tax this year could weigh on consumers’ sentiment, but the impact is yet to be seen for CapitaLand Malaysia Trust (CLMT), said the trust’s chief executive officer Tan Choon Siang.

Higher rental income lifted IGB Real Estate Investment Trust’s (IGB REIT) net property income (NPI) by 9.08% to RM115.24 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM105.64 million recorded in the same period a year earlier.

Lui Chong Chee has resigned as chairman and non-executive and independent director of CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), manager of CapitaLand Malaysia Trust (CLMT), with effect from Feb 1.

Abdul Rahim said the market in 2023 overall had pulled through with positive growth at a more moderate pace compared with the growth in 2022.