KUALA LUMPUR: Real estate investment trusts (REITs) in Malaysia are unlikely to take on riskier large-scale green field developments to diversify their portfolios, said Axis-REIT Managers Bhd CEO Datuk Stewart Labrooy.
PETALING JAYA: The real estate market in Malaysia will remain bullish this year with the general elections out of the way, according to Zerin Properties CEO Previndran Singhe.
KUALA LUMPUR: Sunway Bhd has appointed Sarena Cheah, daughter of group founder and chairman Tan Sri Jeffrey Cheah, one of the joint managing directors for the group’s Malaysian and Singaporean property development team.
BUKIT MERTAJAM: The long-awaited Penang Sentral project is likely to start in the fourth quarter of this year, says the Northern Corridor Implementation Authority (NCIA).
Its chief executive, Datuk Redza Rafiq said NCIA was looking at how to position the project, and work in line with the collaborative engagement model with all parties involved.
CHINA: The mainland property market will continue to grow, but at a slower pace, while developers which focus on the mass market will experience strongest growth, Moody's Investors Service said.
Its view, in a report released yesterday, echoed predictions by analysts that property prices will rise 5 to 10 per cent this year.
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) aims to increase by 20 per cent its total deposit by year-end from RM21.5 billion last year.
Chief Executive Officer Datuk Ahmad Zaini Othman said the company's liability programme would be strengthened with marked improvements in deposit level with total deposit from corporate and retail clients.
BANGKOK: Central Pattana Plc (CPN), a retail developer listed on the Stock Exchange of Thailand, has decided to proceed with two or three foreign projects that were previously on the waiting list over concerns it may lose opportunities arising from Asean economic integration.
The top three countries CPN is looking to invest in are Malaysia, Indonesia and Vietnam.
KUALA LUMPUR: A prime 1.16-acre (0.47ha) freehold tract on Jalan Sultan Ismail, believed to be owned by Dijaya Corp Bhd, is up for sale for RM3,500 psf. According to sources, the asking price of RM3,500 psf is on par with the price trend in the city centre.
KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) has completed the construction of a five-star floating hotel for delivery to the Sunborn Group of Finland.
KUALA LUMPUR: Quill Capita Trust (QCT) has obtained a commitment from a financial institution to refinance a RM117 million debt, which is expiring at the end of the third quarter in the financial year ending Dec 31.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
