Sime Darby's share trade to halt on Nov 27

Nov 21

KUALA LUMPUR (Nov 21): Trading of Sime Darby Bhd's shares will be suspended on Nov 27 to facilitate the distribution of shares under the group's demerger exercise.

Property market is not looking up yet

Nov 17

Although some prefer to be optimistic and believe we are already seeing a glimmer of recovery for the current slowdown in the property market, what does the latest market data tell us? The latest property market data for the first half of 2017 (1H17) released by the Valuation and Property Services Department (JPPH) of the Finance Ministry during the 2017 Preliminary Property Market Brief on Nov 13 revealed that overall, the property market has softened in 1H17, with more than 153,000 transactions recorded worth RM67.

Ascott mulls expansion into home sharing market

Nov 15

PETALING JAYA (Nov 15): The Ascott Ltd (Ascott) is exploring further growth in the home sharing market, said Ascott Singapore & Malaysia regional general manager Ervin Yeo.

KTMB eyes developing commercial, retail properties worth RM6b in the next 2-3 years

Nov 14

PUTRAJAYA (Nov 14): Keretapi Tanah Melayu Bhd (KTMB) is eyeing on embarking on its maiden property development project within the Klang Valley area, slated to be worth RM6 billion in the next two to three years, as part of its initiatives to ramp up income from its non-fare segment, according to its chief executive officer Mohd Rani Hisham Samsudin.

Home overhang units up by 40%

Nov 13

PUTRAJAYA (Nov 13): The slow market absorption has led to an increase in residential overhang of 20,867 units worth RM12.

Ascott looking to introduce lyf brand in Malaysia

Nov 10

PETALING JAYA (Nov 10): The Ascott Ltd (Ascott), the serviced residence arm of CapitaLand Ltd, is planning further expansion in Malaysia including the introduction of its lyf (pronounced as life) brand here.

Financing a key consideration for MRT3

Nov 10

KUALA LUMPUR (Nov 10): Financing is the key consideration for the Mass Rapid Transit Corp Sdn Bhd concerning the construction of the mass rail transit line 3 (MRT3), where the criteria for its lead contractor have been said to be out of reach of local players.