Pavilion REIT’s 1Q net property income falls 9.6% to RM59m, dragged by lower occupancy rate
KUALA LUMPUR (April 28): Pavilion Real Estate Investment Trust (Pavilion REIT) said its net property income (NPI) fell 9.
IJM Corp lands two contracts with combined value of RM327.6 million
KUALA LUMPUR (April 28): IJM Construction Sdn Bhd, a wholly owned subsidiary of IJM Corp Bhd, has secured two contracts with a combined value of RM327.
YTL says The Starhill's enhancement expected completion by Dec 2021
KUALA LUMPUR (April 27): The ongoing asset enhancement work for The Starhill retail and hospitality property along Jalan Bukit Bintang here is expected to be completed by December 2021, according to the asset owner’s manager YTL Starhill Global REIT Management Ltd.
Analysts still favour IGB REIT despite lowering earnings forecasts
KUALA LUMPUR (April 27): Despite some analysts trimming their earnings forecast for IGB Real Estate Investment Trust (IGB REIT), they still favour the REIT saying that signs of stronger footfall and tenant sales at the group are hints to better quarters ahead.
IGB REIT's 1Q net property income down 36%, to distribute 1.33 sen per unit
KUALA LUMPUR (April 26): IGB Real Estate Investment Trust's (IGB REIT) net property income fell 36% to RM43.
New hotels continue to open in Singapore amidst Covid-19 pandemic
Singapore (April 26): Despite the market slowdown due to the Covid-19 pandemic, the Singapore hospitality market has remained robust with the opening of several new hotels, reported CNA.
GDEX to look into creating industrial REIT as part of next growth phase
KUALA LUMPUR (April 26): GDEX Bhd aims to be a pure-play last-mile delivery company with regional presence.
Aidilfitri bazaars allowed to operate until 2 am - Ismail Sabri
KUALA LUMPUR (April 23): Aidilfitri bazaars nationwide are allowed to operate until 2 am from Saturday, said Senior Minister (Security) Datuk Seri Ismail Sabri Yaakob.
S P Setia’s projects see good response in 1Q21
KUALA LUMPUR (April 23): S P Setia Bhd kick-started the year with positive take-up rates for its residential products in the first quarter of 2021 (1Q21), despite the weak property market sentiment during the pandemic.
Global real estate investor confidence growing in Asia Pacific region – JLL
PETALING JAYA (April 23): Investors’ confidence in the Asia Pacific region real estate market is gaining traction with anticipation of increased market stability, said a Jones Lang LaSalle (JLL) Capital Tracker report.
