Both IGB REIT assets expected to continue to perform well
GB Real Estate Investment Trust (July 16, RM1.
New guideline of allowing REITs to engage in property development a sector catalyst
Real estate investment trust sector Maintain neutral: We maintain “neutral” rating on the real estate investment trust (REIT) sector given the general oversupply situation but this should be offset by the appeal of REITs given the current uncertain equity markets.
DONE DEAL: Single-storey factory in Mukim 1, Seberang Perai, Penang
Rented for: RM85,000 a month Concluded by: JT Tan (REN 08365) of Khoo & Associates Realty (012-392 6682) When: April 5, 2018 Noteworthy: ● A factory with a land area of 130,680 sq ft and built-up size of 50,000 sq ft ● Nearby amenities: Sunway Carnival shopping mall, Megamall Pinang, hospital, banks and boutique hotels ● About 5km away from Penang Bridge, 25km to George Town, 25km away from Bayan Lepas Industrial Park and Penang International Airport Located in Mukim 1 of Seberang Perai Tengah (Central Seberang Perai), which is home to some of the earliest industrial developments in Seberang Perai, the factory is situated at the well-developed industrial district which has a high concentration of manufacturing activities.
Sunway REIT seen resilient amid challenges
Sunway Real Estate Investment Trust (July 5, RM1.
Penang agrees to waive approval fees for Mapex property buyers
PETALING JAYA (July 5): Those buying homes at the Malaysia Property Expo (Mapex) in Penang will be exempted from approval fees, said state executive council member Jagdeep Singh Deo.
Balancing aesthetics with sustainability
There has been a long ongoing debate on form versus function but advancements in construction and green technology are allowing property developers to come up with buildings and structures that are both aesthetically pleasing and sustainable in the long-run.
Damansara Realty beefs up board
KUALA LUMPUR (July 4): Damansara Realty Bhd (DBhd) has appointed its group chief executive officer (CEO) Brian Iskandar Zulkarim as executive director and group managing director (MD) with immediate effect.
Don't worry too much about KL property glut as market will eventually adjust itself, says MIP president
PETALING JAYA (July 3): The housing and commercial property glut in Kuala Lumpur is not a great cause for concern as the market will eventually adjust itself to accommodate the excessive supply, said the Malaysian Institute of Planners (MIP) president Ihsan Zainal Mokhtar.
Ho Hup launches The Crown Service Suites, Kota Kinabalu
KUALA LUMPUR (June 29): Ho Hup Group has launched The Crown Service Suites in Kota Kinabalu carrying a GDV of RM590 million.
