News about REN

Property cycles, once a vague but nevertheless useful guide to the timing of new property launches, no longer exist.

RHB IB said many local institutional funds have yet to take a meaningful position in the property sector.

Maybank IB said Forest City, which has been identified as a special financial zone and a potential high-speed rail (HSR) station in Iskandar Puteri, should continue to attract buying interest in the region.

The property sector stood out as the second best performing sector on Bursa Malaysia in 2023 as the KL Property Index recorded an impressive return of 34.

“Investment in cold storage has cooled from 2021 but has by no means peaked.

AmInvestment said the average unbilled sales for developers under its coverage at 1.

“This is crucial in mitigating potential cost increases, as both the aluminium price and freight charges are expected to increase in the near future.

KPKT is also proposing a consent threshold of a simple majority, which is 51% for abandoned projects to be redeveloped.

The terminations are due to the REIT's unsuccessful bids to the Energy Commission to participate in the CGPP, according to its filing to Bursa Malaysia on Friday.

A new Act will surely come with its own set of challenges, but is KPKT capable of monitoring it when it has not been able to resolve the current spate of problematic projects? The Ministry of Local Government Development (KPKT) has recently announced that the Urban Renewal Act will be tabled next year.