News about RAs

PETALING JAYA (Dec 9): Sunway Velocity Mall in Cheras is aiming for 100% occupancy by 2H2017, said Sunway Malls and Theme Parks CEO HC Chan at the soft opening of the mall yesterday.

TYPICALLY, when prime land in the city centre becomes scarce, fringe areas become the next natural target for both investors and developers.

SINGAPORE (Dec 5): RHB Research is maintaining its “overweight” rating on the property sector as yields of Singapore REITs overtook 10-year government bond yields by 4.

PETALING JAYA (Dec 2): MyTOWN Shopping Centre (MyTOWN), which will open for business on Feb 16 next year, is targeting to attract two million footfalls in its first month of operations.

PETALING JAYA (Nov 26): Prime land scarcity in Kuala Lumpur has forced investors and developers to move to fringe areas such as Imbi, Cheras and Pudu, which have been earmarked for future developments, said property consultants.

PETALING JAYA (Nov 25): Swedish home furnishing company IKEA wants to create public awareness towards children’s development and learning through its global “Let’s Play for Change” campaign.

KUALA LUMPUR (Nov 23): Ekovest Bhd said it is close to securing about RM400 million more contracts for its construction division within financial year ending June 30, 2017 (FY17), which will boost its orderbook to exceed RM7 billion.

PETALING JAYA (Nov 23): IJM Land Bhd, the property development arm of IJM Corp Bhd, will launch the Waterside Residence at The Light in Penang sometime in December.

KUALA LUMPUR (Nov 18): Pintaras Jaya Bhd, a piling and civil engineering services provider, saw its net profit for the first quarter ended Sept 30, 2016 (1QFY17) nearly doubled to RM13.

SINGAPORE (Nov 16): Dark clouds are gathering for Singapore real estate investments trusts (REITs).