News about RCI

KUALA LUMPUR (May 29): Commercial tenants are requesting rental waivers following the imposition of stricter standard operating procedures for Movement Control Order MCO 3.

KUALA LUMPUR (May 19): IGB Commercial REIT Capital Sdn Bhd, a special-purpose entity incorporated by IGB Commercial REIT, has issued the first tranche of RM850 million bonds under its RM5 billion medium-term note (MTN) programme.

KUALA LUMPUR (May 12): Hong Leong Company (Malaysia) Bhd is no longer the ultimate shareholder of the 27% stake in Eco World International Bhd (EWI) owned by the Hong Leong group following an internal restructuring.

KUALA LUMPUR (April 19): Magna Prima Bhd is disposing of a four-storey commercial building in Kuala Lumpur for RM56 million, which the property developer will use to help settle its debts.

In a recent JLL survey, 66% of millennials in Asia Pacific, more than other age groups, said they missed the office and highlighted the office experience’s benefits: human interactions, professional environment, and place for focused work.

KUALA LUMPUR (Jan 21): Tenaga Nasional Bhd (TNB) said 10,768 of its commercial customers who had previously received a 15% discount under the Penjana economic stimulus package are automatically eligible for the 10% discount under the new Permai package.

KUALA LUMPUR (Jan 5): Kimlun Corp Bhd’s unit plans to buy an 11.

Where are the property hot spots in Seremban? Nilai, Bandar Sri Sendayan, Seremban 2, Seremban 2 Heights and Bandar Ainsdale would be the picks of PA International Property Consultants’ Ong Hai Chuan.

KUALA LUMPUR (Nov 19): IGB Bhd mounted an earnings recovery in its third financial quarter ended Sept 30, 2020 (3QFY20), posting a net profit of RM16.

KUALA LUMPUR (Oct 2): Sunsuria Bhd has entered into two agreements to develop high-rise residential and commercial projects in Kuala Lumpur with a total estimated gross development value (GDV) of RM3.