News about PA

PETALING JAYA (Aug 24): Despite concerns over a possible oversuply of retail malls in the Klang Valley, the authorities should not freeze the development of new shopping malls because that would further dampen the already slow economy in the country, said Malaysia Shopping Malls Association (PPK) adviser Tan Sri Teo Chiang Kok.

KUALA LUMPUR (Aug 24): Construction company WCT Holdings Bhd's net profit fell 33% to RM21.

KUALA LUMPUR (Aug 24): SHL Consolidated Bhd's joint venture (JV) with Japan-based Marubeni Corp is looking at tapping into Myanmar's affordable housing market, in line with their business venture across the Association of Southeast Asian Nations (Asean) region.

KUALA LUMPUR (Aug 24): Property developer and restaurant operator Global Oriental Bhd (GOB) is expecting to record better bottom-line growth for its financial year ending March 31, 2018 (FY18) on the back of three upcoming projects.

PETALING JAYA (Aug 23): Eupe Corp Bhd’s serviced apartment project in Cheras, Kuala Lumpur called Parc 3 is slated for launch by mid-October.

SELAYANG (Aug 23): Hua Yang Bhd plans to launch a development in Puchong west, Selangor with an estimated gross development value (GDV) of RM2 billion, sometime in October or November this year.

KUALA LUMPUR (Aug 23): UOA Development Bhd net profit for the second quarter ended June 30, 2017 rose 33.

KUALA LUMPUR (Aug 23): The world’s largest furniture retailer IKEA will invest RM908 million to set up a regional distribution and supply chain centre in Malaysia to serve the Asean market.

Co-working centres continue to expand globally, although the rate of growth slowed from 30% in 2015 to 22% in 2016, according to Deskmag’s Global Co-working Survey 2017.

SINGAPORE (Aug 22): Getting your rental yield right goes a long way.