MMC Gamuda launches first phase of MRT SBK Line ahead of schedule
KUALA LUMPUR (Dec 16): MMC Gamuda KVMRT (PDP) Sdn Bhd completed and launched the first phase of the Sungai Buloh-Kajang (SBK) Line yesterday, two weeks ahead of schedule.
Overall property sales to remain subdued next year
Property development sector Downgrade to neutral: Property sales recovered in the third quarter of 2016 (3Q2016) as six of the seven developers under our coverage registered 18% to 160% quarter-on-quarter sales growth.
Ekovest brushes aside ringgit concerns in relation to highway project
KUALA LUMPUR (Dec 16): The weak ringgit against the US dollar is not expected to have a major impact on the construction of Ekovest Bhd’s Setiawangsa-Pantai Expressway (SPE), formerly known as the Duta-Ulu Kelang Expressway (DUKE) Phase 3.
Mayland to launch RM2.3 billion worth of properties in 2017
PETALING JAYA: Malaysia Land Properties Sdn Bhd (Mayland) is planning to launch properties worth RM2.
DONE DEAL: 1-storey factory office, Bayan Lepas, Penang
Rented for: RM58,000 a month (average RM2 psf) Concluded by: Roy Lim (REN 08368) of Khoo Associates Realty (012-431 1122) When: Sept 28, 2016 Noteworthy: ● Leasehold ● Located in Bayan Lepas Free Industrial Zone Phase 1 ● Built-up size: 50,000 sq ft of which 29,000 sq ft was rented ● Located about 4km away from Penang International Airport and Penang Second Bridge, 18km away from Georgetown, and 11km away from Penang Bridge.
The Call: Frasers Hospitality Trust gearing up for opportunities
SINGAPORE (Dec 15): DBS Group Research says Frasers Hospitality Trust is in a stronger position to pursue acquisition opportunities, following its recent pre-emptive rights issue.
Too early to bet on Genting's gain from Japan's casino bill
KUALA LUMPUR (Dec 15): It is still too early to bet on the Genting Bhd group's gain from Japan's parliament passing a landmark bill legalising casino operations there, as a competitive bidding war is expected to be opened up by the development.
Global Oriental launches Galleria 2
GLOBAL Oriental Bhd is wrapping up the year with a soft launch of the second phase of its Galleria mid-range serviced apartment, in Equine Park, Seri Kembangan, on Dec 3.
LBS Bina aims to nurture local water sports talents
PETALING JAYA (Dec 15): As a supporter for motorsports events, LBS Bina Group Bhd has collaborated with P1 Marine Motorsports (Malaysia) Sdn Bhd to nurture local water sports talents, according to LBS Bina managing director Tan Sri Lim Hock San.
Mapletree Logistics Trust to acquire 4 properties in Australia for S$152 mil
SINGAPORE (Dec 15): Mapletree Logistics Trust is set to expand further in Australia, with the proposed acquisition of a portfolio of four logistics properties in Victoria for a total of A$142.
