Earnings growth seen in Sime Darby Property’s landbank
Sime Darby Property Bhd (Dec 8, RM1.
Al-Salam REIT to buy 22 properties for RM115m, seeks to raise RM60m via placement
KUALA LUMPUR (Dec 4): Al-Salam Real Estate Investment Trust (Al-Salam REIT) is acquiring 22 properties located across Malaysia for a combined RM115 million in a related party transaction.
Matrix Concepts still undervalued, says chairman
KUALA LUMPUR (Dec 4): Despite booking a 14% year-to-date gain closing at RM2.
Chin Hin Property to develop RM450m GDV project in Sri Petaling
KUALA LUMPUR (Nov 24): Boutique property developer Chin Hin Property Development Sdn Bhd is developing a project named 8th & Stellar in Bandar Baru Sri Petaling, Kuala Lumpur.
KTMB eyes developing commercial, retail properties worth RM6b in the next 2-3 years
PUTRAJAYA (Nov 14): Keretapi Tanah Melayu Bhd (KTMB) is eyeing on embarking on its maiden property development project within the Klang Valley area, slated to be worth RM6 billion in the next two to three years, as part of its initiatives to ramp up income from its non-fare segment, according to its chief executive officer Mohd Rani Hisham Samsudin.
Nearly RM220m in govt funds used to recover abandoned home projects
KUALA LUMPUR (Nov 7): A total of 253 abandoned private housing projects, comprising 64,290 units, were reported in Peninsular Malaysia between January 2009 and Oct 11 this year, said the Ministry of Urban Wellbeing, Housing and Local Government.
DONE DEAL: 2-storey terraced house, Taman Sri Puchong, Selangor
Sold for: RM300,000 Concluded by: Wong Hor Yan (REN 18777) of 1TPE Realty Sdn Bhd (016-324 8307) When: June 2017 Noteworthy: ● 99 years leasehold with 80 years remaining on the lease ● Land area: 825 sq ft ● Unfurnished ● Amenities in the vicinity include convenience store, restaurants, supermarkets, clinic, automobile repair shops, Tesco Extra Puchong, Columbia Asia Hospital and banks ● Accessibility: Damansara-Puchong Expressway (LDP) Taman Sri Puchong is a leasehold mostly-residential development in Puchong, Selangor that comprises terraced houses, flats and shophouses.
HSR to pass through green spaces to cut land acquisition cost
KUALA LUMPUR (Oct 31): A large portion of the Kuala Lumpur-Singapore high-speed rail (HSR) project alignment would cut through green spaces to reduce land acquisition cost, said MyHSR Corp Sdn Bhd.
Pahang facility SPA a positive for Axis REIT
Axis Real Estate Investment Trust (Oct 24, RM1.
