News about ST

KUALA LUMPUR (Mar 21): Crest Builder Holdings Bhd rose 2.

KUALA LUMPUR (March 20): Crest Builder Holdings Bhd said its wholly-owned subsidiary Crest Builder Sdn Bhd has won a contract for construction works in Petaling Jaya worth RM117.

KUALA LUMPUR (March 20): A perfect storm of demographic, social, economic and technological change will transform the real estate sector globally, said Savills World Research head Yolande Barnes.

KUALA LUMPUR (March 20): Demand for residential property is expected to rise after Malaysia’s 14th general elections, thus pushing up real estate transaction volume this year, said Savills Malaysia executive chairman Datuk Christopher Boyd.

PETALING JAYA (March 20): New private housing estates featuring fireproof shelters on each floor will hit the Hong Kong (pictured) market from the second half of this year as a means of protecting elderly and disabled residents who cannot flee the flames on time, reported the South China Morning Post.

KUALA LUMPUR (March 20): Luster Industries Bhd has proposed to undertake the diversification of its business to include property development and construction.

CapitaLand Malaysia Mall Trust (March 19, 99 sen) Maintain outperform with a lower target price (TP) of RM1.

Real estate investment trust sector Maintain neutral: We are mildly positive on the revised Guidelines on Real Estate Investment Trusts (REITs) which allow property development for Malaysian REITs (M-REITs), among other changes/additions.

KUALA LUMPUR (March 20): The average yield for Malaysian real estate investment trusts (REITs) is now at its highest since 2016, which may prompt investors to wonder if it’s a good time to place their money in REITs.

KUALA LUMPUR (March 19): Lafarge Malaysia Bhd will be supplying RM270 million worth of cement for all eight packages of work for the East Coast Rail Link (ECRL) project.