Latest

Maybank IBG upbeat on UEM Sunrise's aborted KL city centre land deal

Maybank Investment Banking Group (Maybank IBG) viewed UEM Sunrise Bhd's unsuccessful acquisition of a freehold parcel of land along Jalan Semarak in the Kuala Lumpur city centre as a positive, as the deal would have led to its involvement in the highly competitive and over-supplied retail, office and hotel segments of the property market.

DONE DEAL: Industrial land, Pajam, Negeri Sembilan

Noteworthy:

  • Freehold
  • Land size: 69,471 sq ft
  • Unfurnished
  • Nearby amenities : convenience stores, schools, hospitals, Batang Benar KTM Station, KTM Nilai
  • Accessibility : PLUS Highway, Kajang-Seremban Highway (LEKAS), ELITE highway

When: December 2022

Malaysia’s residential overhang improves in 3Q2022

Malaysia’s overall residential overhang situation has improved in the third quarter of 2022 (3Q2022) to 29,534 units, from 34,092 units in the previous quarter, according National Property Information Centre (Napic) director Aina Edayu Ahmad.

UEM Sunrise's KLCC land buy falls through as conditions precedent not met

UEM Sunrise Bhd’s plan to buy a freehold land situated near the Kuala Lumpur Convention Centre (KLCC) has fallen through after conditions precedent under the sale and purchase agreement (SPA) were not fulfilled within the conditional period, which expired on Tuesday (Feb 7).