KUALA LUMPUR (March 26): MIDF Research has upgraded IGB REIT to “Buy” (from Neutral) with a higher target price of RM1.46 (from RM1.41) and said IGB REIT had the highest dividend growth among peers in FY14 due to good cost control.

Eco World International to build 300-unit residential project in Paramatta, Sydney

KUALA LUMPUR (Mar 25): Property developer MK Land Holdings Bhd has declared a first interim single tier dividend of 1 sen per share for the financial year ending June 30, 2015, to reward its shareholders.

In its filing with the bourse, MK Land (fundamental: 1.6; valuation: 3) said its shares will trade ex-dividend on April 7. The dividend is payable on April 23.

KUALA LUMPUR: Tropicana Corp Bhd has simultaneously launched Tropicana The Residences in Malaysia, Singapore, Taiwan, China, Indonesia, and Hong Kong on Saturday. 

KUALA LUMPUR (March 20): SYF Resources Bhd is mulling the acquisition of seven adjoining pieces of freehold agriculture land in Mukim Rompin, Negeri Sembilan for RM14 million, after it entered into a tenancy agreement with condition to purchase the assets.

KUALA LUMPUR (Mar 20): Eastern & Oriental Bhd (E&O) announced that it is entering into a joint venture with Japan’s Mitsui Fudosan Co Ltd (Mitsui) to jointly develop a 298-unit serviced apartment project on a piece of freehold land in Kuala Lumpur.

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) on Monday completed an acquisition of 1.2 acres (0.48ha) of freehold land in West London within the Hammersmith commercial hub for a total of RM308.9 million (£57 million).

The site currently holds two existing connected properties, namely the 11-storey Thames Tower and 15-storey Landmark House, which were constructed in the 1960s. 

KUALA LUMPUR: In the unveiling of Bayer Co (M) Sdn Bhd’s affordable and sustainable prototype house recently, Construction Industry Development Board (CIDB) chief executive officer Datuk Seri Dr Judin Abdul Karim announced that the construction sector’s regulatory body is considering its implementation in Kedah.

SINGAPORE: Singapore property consortium, Pacific Star Group and co-developer DB2 Group have announced the first release of 79 retail and 56 single office/home office (Soho) loft units, and 50 select apartments in its latest project, the Puteri Cove Residences and Quayside in Puteri Harbour, Iskandar Malaysia.

KUALA LUMPUR: Developers’ are pessimistic on the outlook for the property market in the first half of 2015 (1H15) and the gloom is expected to deepen by 2H15,  the Real Estate and Housing Developers’ Association (Rehda) told a media briefing yesterday on its Property Industry Survey 2H14 report.