IGB Commercial REIT buys two office floors in Menara Southpoint from IGB for RM62.4 mil cash
The property comprises two office-suite parcels within Menara Southpoint in Mid Valley City, Kuala Lumpur.
The property comprises two office-suite parcels within Menara Southpoint in Mid Valley City, Kuala Lumpur.
JUMPA @ Elmina Valley, a multi-storey commercial development 500 metres from Elmina City Centre, achieved a 100% take-up rate within a day, while Kanopi, the first phase of serviced apartments within Elmina City Centre, recorded 70% take-up upon launch.
Net rental income for the quarter declined 6.
The higher sales saw its quarterly revenue increase by 26.
Chin Hin anticipates “steady growth” in the upcoming quarters, supported by the new subsidiaries and “firm performance” across all divisions.
The industrial park is estimated to have a gross development value (GDV) of between RM321 million and RM397 million, according to Citaglobal.
Net profit for the three months ended Sept 30, 2024 (3QFY2024), stood at RM46.
DONE DEAL: Shop, Aurora Place, Bukit Jalil, Kuala Lumpur DONE DEAL: Shop, Taman Puchong Intan, Puchong, Selangor Average transacted prices for properties in Desa ParkCity have seen an increase of approximately 61.
“The Ministry of Finance did not authorise these purchases, but the Ministry of Rural and Regional Development (KKDW) appealed [for them], and the matter was brought to the Economic Council, which then approved it in 2013.
Launched in May this year, phase one of KL Wellness City comprises KL International Tertiary Hospital (KLIH) and The Nobel Healthcare Park.