REITs rise, banks decline on Bursa following OPR cut
KUALA LUMPUR (July 15): Real estate investment trust (REIT) prices rose in early trades on Bursa Malaysia yesterday following Bank Negara Malaysia’s move to cut the overnight policy rate (OPR), but pared gains in the afternoon.
High-end property auction on the uptrend
PROPERTY auctioneers have noticed recently that more high-end properties (above RM1 million) are coming up for auction in the country, observes Property Auction House Sdn Bhd executive director Danny Loh.
HLIB Research upgrades M-REITs to 'Overweight' after OPR cut
KUALA LUMPUR (July 14): Hong Leong Investment Bank Research (HLIB Research) has upgraded Malaysian Real Estate Investment Trusts (M-REITs) to “Overweight”, following Bank Negara’s move to cut the overnight policy rate (OPR) by 25 basis points to 3% yesterday.
New Manipal Hospitals Klang opens door next Monday
KLANG (July 13): Bandar Bukit Tinggi in Klang will see an upgraded version of Manipal Hospitals Klang, which will be opening next Monday.
CapitaLand’s Ascott to buy prime Australian property for S$71 mil
SINGAPORE (July 12): CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million (S$71 million) (RM210 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels.
OCBC Building sold for RM21 million
PETALING JAYA (July 8): The iconic “OCBC Building” located at Jalan Hang Kasturi was sold last year in July to building management services company Shen & Sons Sdn Bhd for RM921 psf — translating into RM21 million — JLL Malaysia country head, YY Lau told TheEdgeProperty.
NWP eyes property development, construction opportunities to return to the black
KUALA LUMPUR (July 4): Loss-making timber and timber products maker NWP Holdings Bhd is looking for opportunities in the construction sector for additional sources of income that may return the company to profitability.
Making his mark in the industrial property sector
A FIRST class degree holder in Land Administration and Development from Universiti Teknologi Malaysia (UTM), Teo Z L joined the property industry six years ago as a junior real estate negotiator.
