IGB REIT records better rental income in 1Q, announces DPU of 2.48 sen
KUALA LUMPUR (April 24): IGB Real Estate Investment Trust’s net property income (NPI) rose 6.
Spike in compact-size non-landed units up for auction
The volume and value of small size, non-landed residential properties have escalated last year as oversupply looms.
JAKS Resources puts property ambition on hold
KUALA LUMPUR: JAKS Resources Bhd has decided that it will take a step back from the property market to focus more on infrastructure and power-generation projects, especially from renewable resources.
Berjaya Corp active, falls 6.3% following report of third straight quarterly loss
KUALA LUMPUR (April 2): Berjaya Corp Bhd shares fell as much as 6.
Perda City Mall in Bukit Mertajam for sale
PETALING JAYA (March 31): Perda City Mall — formerly known as AEON Seberang Prai City Shopping Centre — has been put up for sale, with industry sources saying the 10-year-old shopping centre could fetch between RM300 million and RM500 million, reported The Edge weekly.
See Hoy Chan plans to inject assets into REIT?
PETALING JAYA (March 31): Property developer See Hoy Chan Sdn Bhd — which owns and manages offices, shopoffices and Starling Mall at its flagship Damansara Uptown — may plan to set up a real estate investment trust (REIT), reported The Edge weekly.
Specialty retail to grow 6.6% in 1Q18
PETALING JAYA (March 24): Specialty retail stores – which include sporting goods and F & B – are expected to grow by 6.
CapitaLand Malaysia rejigging its tenant mix strategy
CapitaLand Malaysia Mall Trust (March 19, 99 sen) Maintain outperform with a lower target price (TP) of RM1.
Malls going through consolidation – but closures unlikely
PETALING JAYA (March 16): While malls in the Klang Valley are facing challenging times, most will find ways to cope and survive.
Pavilion REIT expected to see subdued rental reversion growth
Pavilion Real Estate Investment Trust (March 15, RM1.
