KIP REIT unitholders greenlight RM80 mil KIPMall Kota Warisan acquisition
KIPMall Kota Warisan houses a one-and-a-half-storey retail centre, with a net lettable area of approximately 17,300 sq m on a freehold land in Dengkil, Sepang in Selangor.
BMI: Bank Negara to begin cutting rates in early 1H2024
“Looking ahead, we believe that the BNM will be wary of loosening monetary policy too soon.
KIP REIT’s RM80m acquisition of KIPMall Kota Warisan deemed fair and reasonable by independent adviser
The all-cash deal is deemed a related party transaction as KIP REIT’s major unitholder Datuk Ong Kook Liong is also a director and major shareholder of Cahaya Serijaya.
RHB Research maintains 3.25% OPR forecast on further ringgit weakening, sticky inflation
The research house’s view contradicts OCBC’s and UOB’s view that BNM will hold the OPR at 3% for the rest of the year, but aligns with MIDF Research's view that an increment will occur in the second half of the year.
With BNM staying its course, economists peg OPR at 3% till year-end
Domestically, the central bank noted that following its strong outturn in the first quarter of the year, the local economy has since expanded at a more moderate pace as exports were weighed down by slower external demand in line with expectations.
Lendlease interprets urban regeneration for Malaysia through TRX
“We see TRX as a city-defining project.
BNM maintains OPR at 3%, as expected
BNM’s latest OPR decision follows the 25 basis point (bps) hike in May as it moved to further normalise monetary policy in line with resilient domestic growth prospects.
KIP REIT buys KIPMall Kota Warisan for RM80m, proposes private placement to raise up to RM10m
The acquisition, which is expected to be completed by the first quarter next year, will expand the KIP REIT’s portfolio to 11 assets.
CBRE: Capitalisation rates, investment activity in real estate expected to rise in 2H
The survey revealed that Japan is expected to lead the investment recovery in the second quarter (2Q2023), followed by mainland China and Hong Kong in the following quarter, and Singapore, India and New Zealand in 4Q2023.
Apex court dismisses appeal by Taman Bangsar resident over nuisance claim
The bench also ordered both of them to pay RM70,000 costs to the Taman Bangsar RA.
