Mara Inc drafting property valuation policy, to focus only on domestic investments, says PAC
The policy aims to ensure consistent, accurate, and transparent valuations that comply with professional standards.
The policy aims to ensure consistent, accurate, and transparent valuations that comply with professional standards.
The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus filed in October 2024.
Established in 2006, Pelaburan Hartanah is the property investment arm of Yayasan Pelaburan Bumiputera, aimed at facilitating Bumiputera investments in commercial properties.
IIB president and chief executive officer Datuk Idzham Mohd Hashim said strategic investments, infrastructure enhancement, and sustainability are at the core of this initiative.
This is as occupancy rate for Parcel B — Menara UOA Bangsar (MUB) is expected to rise to above 60% in the fourth quarter of financial year 2024 (4QFY2024), from 58% in 3QFY2024, the research house said.
According to an MACC source, the suspects were being investigated for irregularities in construction and mining projects valued at about RM80 million.
Housing and Local Government minister Nga Kor Ming: “Property investment is a tool for wealth preservation and inflation management.
The proposed investment is anticipated to feature an AI university and data centre within the park, and could generate 5,000 jobs over the next five years.
The group’s Suria KLCC and the retail podium of Menara 3 Petronas, which represent the retail segment, recorded notable increases of 8% and 11% in quarterly revenue and profit before tax respectively.
He added that RE accounted for about 60% of green investment up to 2019, while EVs contributed 58% from 2020 to 2023.