News about ST

PETALING JAYA: SMD Development Sdn Bhd (SMD), which has its development footprint in Kundang, Rawang, has more to offer with upcoming projects, according to its CEO Datuk Jeffery Tan.

PETALING JAYA (July 30): Berkeley Group, a property developer from the UK, will be launching the first phase of its Queenshurst apartments in Kingston upon Thames, London, in Malaysia today.

KUALA LUMPUR (July 29): Rental income from DaMen Mall and Intermark Mall, which Pavilion Real Estate Investment Trust (PavREIT) acquired at end-March, lifted the trust’s net property income (NPI) for the second quarter ended June 30, 2016 (2QFY16), by 13.

S P Setia Bhd (July 28, RM3.

SUBANG JAYA (July 28): AmFIRST Real Estate Investment Trust (AmFIRST REIT) will spend between RM20 million and RM30 million to refurbish the Summit Hotel Subang USJ (pictured) in order to maintain its four-star rating, Bernama reported today.

NILAI (July 28): The recent amendments to land laws that were passed in Parliament recently will be a boost to attract new foreign investments, said Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said yesterday, Bernama reported He added that the amendments would also help the public tremendously on matters relating to land.

KUALA LUMPUR (July 27): Escalating housing prices and the changing needs of young buyers have spurred interest in shoebox-sized apartments on Penang island, said Henry Butcher Malaysia (Penang) Sdn Bhd director Jason Teoh.

PETALING JAYA (July 26): Boustead Holdings Bhd aims to launch its 1 Cochrane condominiums in Cheras early next year, said divisional director under property Datuk Seri Ghazali Mohd Ali (pictured).

SINGAPORE (July 27): DBS Vickers Securities is keeping its “hold” call on CapitaLand Mall Trust (CMT) with a higher target price of S$2.

SINGAPORE (July 26): UOB is expecting the Singapore-Kuala Lumpur High Speed Rail to be the “next growth-game changer for the two countries, after Singapore Prime Minister Lee Hsien Loong and Malaysia Prime Minister Najib Razak signed the memorandum of understanding for the project on July 18.