News about IT

A DECADE ago, penthouses were fashioned as bungalows in the sky.

INVESTORS are showing interest in real estate investment trusts (REITs) again, judging by the recent increase in their market capitalisation.

KUALA LUMPUR (April 13): Malaysia Property Inc (MPI) has ceased operations as it has accomplished its objective of managing the property overhang issue and in branding Malaysia's real estate sector overseas, the government said today.

KUALA LUMPUR (April 13): KLCCP Stapled Group, which comprises units in KLCC real estate investment trust (REIT) stapled together with the shares of KLCC Property Holdings Bhd, expects a 1% to 2% revenue increase in the current financial year ending Dec 31, 2016 (FY16), as it adds 45,000 sq ft of office space to its office rental income.

PETALING JAYA (April 13): The Malaysian Trades Union Congress (MTUC) has called on private sector employers to provide a subsidy for the housing loan interest to assist workers in owning their own homes.

KUALA LUMPUR (April 13): MRCB-Quill Real Estate Investment Trust (MQREIT) does not expect to be significantly affected by the current office space oversupply, as only 7% of its net lettable area (NLA) will be up for renewal in July.

KUALA LUMPUR (April 13): Eco World Development Group Bhd (EcoWorld), which is confident of meeting its sales target of RM4 billion for the financial year ending Oct 31, 2016, said the maiden launch of its Bukit Bintang City Centre (BBCC) mixed-use development here is expected to be within the next two months.

•    Today, we continue our focus on Jalan Ipoh’s non-landed homes by looking at average prices on a per square foot (psf) basis.

A HOUSE is usually an apt reflection of its owners’ personal style, even more so when the homeowner is himself an architect.

PETALING JAYA (April 12): Sime Darby Property Bhd’s Elmina Valley Phase 2, which comprises 2-storey linked homes, saw a take-up rate of 94% since its launch last Saturday.