Residential property overhang improves but challenges remain for office and retail sectors, says Ahmad Maslan
“Almost 58% of the overhang was condominiums and apartments.
Cautious optimism for Malaysia’s property market recovery as 1H transaction value rose slightly to RM85.37b
Selangor contributed the highest volume and value to the national market share, with 26.
Aneka Jaringan plans another private placement to fund projects
In a bourse filing on Wednesday, the construction outfit said the exercise will involve the issuance of up to 94.
TA Securities positive on CapitaLand Malaysia Trust’s disposal of 3 Damansara Office Tower
In a research note, TA noted that the proposed disposal for RM52 million translates into a premium of 4% over the property’s market value, and would result in a net gain of RM400,000 for the group.
CLMT to sell 3 Damansara office tower to Lagenda Properties for RM52m
Net proceeds of RM50.
Ekovest seeking private placement to raise funds for RTS Link project
As of Aug 21, Ekovest’s issued share capital stood at RM1.
Eco World International clarifies bumper dividend issue
Note that the dividend will be paid to GLL EWI (HK) Ltd, a wholly owned subsidiary of GuocoLand Ltd.
EcoWorld International declares RM792 mil first interim dividend
Eco World International stated that the declaration of the first interim dividend follows the completion of the reduction of the issued share capital of the company pursuant to Section 117 of the Companies Act 2016 (Capital Reduction Exercise) which had been announced on Aug 3, 2023.
Hextar Technologies, SWS Capital mutually agree to terminate land deal
The mutual termination was due to the inability of SWS Capital Bhd's wholly-owned unit, SWS In Medics Sdn Bhd’s (SIMSB), to fulfill the conditions precedent to obtain a loan from the financier to acquire the properties.
Rapid Synergy’s unit disposes of two pieces of land in Sitiawan for RM16m cash
The company stands to incur a gain of approximately RM7.
