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CMMT gains on good earnings

CapitaMalls Malaysia Trust (CMMT) has been keeping busy. Since the real estate investment trust — a "pure play" shopping mall REIT — was listed in mid-July 2010, it has acquired one property and is in the process of adding another to its portfolio.

Atis proposes capital repayment, to be delisted

KUALA LUMPUR: Atis Corp Bhd's major shareholders and board members have proposed a selective capital repayment exercise that could eventually lead to its delisting from the stock exchange.

In an announcement to Bursa Malaysia on Thursday, Aug 4, the company said shareholders would receive RM1.30 per share under the proposed scheme.

Tambun sees strong demand for mainland Penang properties

KUALA LUMPUR: Investors looking for exposure to the Penang property market have naturally gravitated to the island, with Eastern & Oriental Bhd (E&O) being the current hot favourite. They have largely ignored the mainland.

Platinum Victory’s RM2.5b project in KL

KUALA LUMPUR: Platinum Victory Property Sdn Bhd has embarked on a 2ha mixed development in Jalan Sultan Ismail with an estimated gross development value of RM2.5 billion. Known as the Platinum Victory Face Project, it will be developed over three phases.

Dubai real estate stabilising

KUALA LUMPUR: Dubai’s real estate market is showing signs of stabilising, according to the Dubai Real Estate Market Overview for 2Q11 report by real estate investment advisory Jones Lang LaSalle.

Realtor: Australia offers stable and reliable returns

KUALA LUMPUR: With an estimated population growth of 2.1% per year and low housing completion, the Australian residential property market is poised to offer investors stable and reliable returns in the coming years. “Australia currently has a rental vacancy rate of less than 2%.

Mahajaya chairman sells all 3.85m shares

KUALA LUMPUR: Mahajaya Bhd chairman Muhamad Shapiae Mat Ali disposed of all his 3.856 million shares or 1.4% in the property company on Wednesday, Aug 3.

On the same day, deputy group managing director Tan Ming Ban acquired 2.738 million units or 1% on the same day.

E&O up, despite S P Setia not looking at acquiring stake

KUALA LUMPUR: Shares of Eastern and Oriental Bhd (E&O) edged up in afternoon trade on Thursday, Aug 4 as the positive outlook for the property company outweighed a statement that S P Setia Bhd was not looking at acquiring it.

At 3.34pm, E&O was up two sen to RM1.68, off the earlier high of RM1.75. There were 9.34 million shares transacted.