Axis REIT 1Q NPI up 17.2% to RM58.39 mil, declares DPU of 2.42 sen
KUALA LUMPUR (April 21): Axis Real Estate Investment Trust’s (AXREIT) net property income (NPI) in the first quarter ended March 31, 2022 (1QFY22) jumped 17.
Axis REIT buys warehouse in Johor for RM390 mil, its largest acquisition to date
KUALA LUMPUR (April 12): Axis Real Investment Trust (REIT) is acquiring a logistics warehouse facility in Pelabuhan Tanjung Pelepas (PTP) in Johor for RM390 million cash, its largest acquisition to date.
Property sector to benefit from re-opening of economy, says RHB IB
KUALA LUMPUR (April 11): RHB Investment Bank Bhd said the property sector should generally benefit from the re-opening of the economy and international borders.
Sunway REIT appoints former Maybank CEO Amirsham Aziz as new chairman
KUALA LUMPUR (April 11): Sunway Real Estate Investment Trust (Sunway REIT) has appointed Tan Sri Amirsham Aziz, a former Minister as well as former Maybank president and chief executive officer, as its new chairman effective Friday (April 8).
Retail rental reversion likely to be flattish, says AmInvestment Bank
KUALA LUMPUR (April 7): Despite the outlook on retail sales improving, AmInvestment Bank expects rental reversions for malls in prime locations to remain muted in the near term as tenants will still require some time to recover to their pre-pandemic sales level.
AmInvestment Bank maintains 'buy' on Sunway REIT as reopening of borders expected to boost its retail, hotel segments
KUALA LUMPUR (March 14): AmInvestment Bank Research (AmResearch) on Monday maintained its "buy" call on Sunway Real Estate Investment Trust (Sunway REIT) as the local research house foresees the reopening of borders on April 1 will boost the group’s retail and hotel segments as international trade and travel resume.
The Langkasuka development project in Langkawi is expected to start in Q2 of 2022
KUALA LUMPUR (March 10): The Langkasuka project in Langkawi will kick start in the second quarter of 2022.
Iskandar Capital announces mega project of 3,000 acres in Iskandar Puteri
PETALING JAYA (Feb 11): Iskandar Capital Sdn Bhd announced a mixed-income housing (MIH) project that will be developed in Wawari, a 3,000-acre sustainable development in Iskandar Puteri, Johor.
RHB: Some negative headwinds may hinder recovery in property sales
KUALA LUMPUR (Jan 6): A resurgence of daily Covid-19 infection cases following the emergence of new variants, high building material prices, a potential overhang among property stocks ahead of the general election and earlier-than-expected rate hikes are hindering real estate from recovering, said RHB Investment Bank.
Economic Report 2021/2022: Malaysia's inflation set to moderate to 2.1% in 2022 on better economic prospects, stable oil prices
KUALA LUMPUR (Oct 29): Malaysia's inflation, measured by the consumer price index (CPI), is expected to moderate from current levels to 2.
