Axis REIT acquires 40th property, total assets now worth RM2.46b
KUALA LUMPUR (Dec 5): Axis Real Estate Investment Trust (Axis-REIT) has added its 40th property — an industrial facility in Gebeng, Kuantan — to its portfolio today.
Ireka partners Beijing-based CRRC to venture into urban rail projects
KUALA LUMPUR (Dec 5): Property development and construction outfit Ireka Corp Bhd has teamed up with the world’s largest manufacturer of rolling stock and rail-related products and systems CRRC Urban Traffic (Europe) Co Ltd (CRRC UT) to venture into rail projects.
Al-Salam REIT to buy 22 properties for RM115m, seeks to raise RM60m via placement
KUALA LUMPUR (Dec 4): Al-Salam Real Estate Investment Trust (Al-Salam REIT) is acquiring 22 properties located across Malaysia for a combined RM115 million in a related party transaction.
AmInvestment Bank: Property market to remain subdued in 2018
PETALING JAYA (Dec 4): AmInvestment Bank expects the property market to remain subdued in 2018 as elevated home prices, low financing margins by banks, and high debt-service ratios (DSR) among prospective homebuyers continue to plague the market.
More build-to-suit projects to come — Axis REIT
KUALA LUMPUR (Dec 4): Taking on its first build-to-suit project last year after obtaining a waiver from the Securities Commission Malaysia to undertake property development activities has whet Axis Real Estate Investment Trust’s (Axis REIT) appetite for more.
Dec 15 soft opening for Mitsui Outlet Park KLIA phase 2, official launch Feb 2018
PETALING JAYA (Nov 30): Mitsui Outlet Park KLIA Sepang phase 2 will open for business on Dec 15, 2017, introducing about 35 new stores.
Additional alternative route to Bandar Puteri Puchong
PETALING JAYA (Nov 30): IOI Properties Group Bhd has engaged with Lingkaran Trans Kota Sdn Bhd (Litrak) to provide an additional alternative route to Bandar Puteri Puchong while the Bandar Puteri Puchong Interchange remains closed due to upgrading works.
Titijaya's unit to receive foreign investment worth RM47m
KUALA LUMPUR (Nov 30): Titijaya Land Bhd said its wholly-owned Epoch Property Sdn Bhd has yesterday entered into a conditional share subscription agreement with Japan-based Tokyu Land Corp (TLC) for a subscription consideration of RM47 million.
‘Properties remain unaffordable’
KUALA LUMPUR (Nov 30): When measuring housing affordability, policymakers should take into account a person’s “lifetime” earning capability, instead of basing it on current income level, said Monash University senior lecturer Dr Jason Ng Wei Jian.
