IGB REIT’s Southkey seen to replicate Mid Valley’s success
IGB Real Estate Investment Trust (Sept 27, RM1.
E&O to sell five more non-core assets
KUALA LUMPUR (Sept 20): Eastern & Oriental Bhd (E&O) has put five other non-core assets up for sale, following the successful disposal of its Lone Pine Hotel in Penang and soon a piece of land in the Kuala Lumpur city centre.
Development of TRX Lifestyle Quarter now in full swing — Lendlease
KUALA LUMPUR (Sept 15): Construction works for the Tun Razak Exchange (TRX) Lifestyle Quarter is now in full swing as Lendlease, the joint developer of the project, said it has received all relevant approvals for the next stage of development.
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Taman Melawati residents: Central park on or off?
PETALING JAYA (Sept 13): Taman Melawati residents are still seeking clarity about plans for a convention centre that will be built on a site earmarked for a central park, following recent remarks by Selangor Menteri Besar Datuk Seri Mohamed Azmin Ali.
DONE DEAL: 2-storey terraced house, Lakeside Residences, Puchong
Sold for: RM835,000 Concluded by: Wong Hor Yan (REN 18777) of 1TPE Realty (016-324 8307) When: July 2017 Noteworthy: ● Leasehold ● Land area: 22ft by 75ft ● Built up: 2,167 sq ft ● Four bedrooms and three bathrooms ● Lakeside property ● Gated-and-guarded development According to the agent, Wong Hor Yan of 1TPE Realty, the seller was an investor who bought the unit in 2013.
Niche office, prime mall segments to remain resilient in the long term
REIT sector Maintain market weight: The sector’s core net earnings (excluding fair value gains) in the second quarter of financial year 2017 (2QFY17) improved by 7.
WCT says has started talks with authorities on REIT plan
KUALA LUMPUR (Aug 31): WCT Holdings Bhd, a construction and property outfit linked to Pavilion Group's Tan Sri Desmond Lim, said it has started talks with the relevant authorities regarding its proposal to set up a real estate investment trust (REIT).
PPB Group expects higher revenue from property segment next year
KUALA LUMPUR (Aug 29): PPB Group Bhd expects higher revenue from its property segment in 2018 — thanks to the upcoming mixed development project at the Ming Tien Food Court site at Taman Megah, Petaling Jaya and better occupancy rate for Cheras LeisureMall.
