Demand for property to remain slow this year, says MIDF Research
KUALA LUMPUR (April 20): MIDF Research has maintained its “Neutral” rating on the property sector and said that it expects demand for property to remain slow in 2015.
OSK Property maintains RM1 bil launches amid slower market: CEO Ong Leong Huat
KUALA LUMPUR (April 17): OSK Property Holdings Bhd group managing director and CEO Tan Sri Ong Leong Huat conceded that the group had held back some launches last year amid a slower property market as the company waited for better timing to unveil its products.
Eco World gets LOA for Batu Kawan property project
KUALA LUMPUR (April 16): Eco World Development Group Bhd confirmed it has received a letter of award (LOA) from the Penang Development Corp (PDC) for the development of the proposed Eco Marina Development.
Hektar REIT expects a strong performance in 2015
KUALA LUMPUR (April 16): Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (REIT), expects to maintain a strong portfolio management in 2015.
Former Perdana Parkcity ED joins Berjaya Land
KUALA LUMPUR (April 16): Former executive director (ED) of Perdana Parkcity Sdn Bhd which is the developer of the Desa ParkCity project in Kuala Lumpur, Phan Yoke Seng, has joined Berjaya Land Bhd (Bland) as an executive director.
Hunza: Loke Realty’s suit has no major impact on operations, finance
KUALA LUMPUR (April 15): Penang property developer Hunza Properties Bhd announced that a suit brought against it by Loke Wan Yat Realty Sdn Bhd (Loke Realty) would not have any material operational, financial and losses impact on its operations.
EPF sells London property to British Land for RM1.14 bil
KUALA LUMPUR (April 15): The Employees Provident Fund (EPF) is disposing of its One Sheldon Square at Paddington Central in London’s West End — its first property disposal in the United Kingdom — to London-listed British Land Co plc for £210 million (RM1.
Maybank IB Research: Property sector slowdown more evident at Iskandar Malaysia
KUALA LUMPUR (April 14): In a note today, Maybank IB Research said property transactions in Johor had plummeted 33% q-o-q in 4Q14, underperforming the country (-7%) and other major cities/states such as Kuala Lumpur (-12%), Selangor (+2%) and Penang (+8%).
EPF in talks to divest 1–2 properties in UK
KUALA LUMPUR (April 10): The Employees Provident Fund (EPF) is in discussions to divest one or two of its property assets in the UK.
Sime Darby launches third Property Lifestyle Collection campaign
KUALA LUMPUR (April 10): For the third time, Sime Darby Property Bhd launched its Sime Darby Property Lifestyle Collection campaign, which offers packages for residential and commercial property.
