AmFIRST REIT's 4Q NPI rises 15%, pays 2.13 sen DPU
KUALA LUMPUR (April 19): AmFIRST Real Estate Investment Trust (REIT) saw its net property income (NPI) grow by 15.
Tropicana Metropark to launch serviced apartment project Paisley next week
PETALING JAYA (April 15): Tropicana Metropark in Subang Jaya is set to launch its third serviced apartment project – Paisley on April 22.
Gamuda Land to launch phase 1 of twentyfive.7 in 3Q2017
PETALING JAYA (April 8): Gamuda Land, the property development arm of Gamuda Bhd, is looking to launch phase 1 of the twentyfive.
High Court affirms tribunal’s decision on Summit USJ’s refurbishment dispute
KUALA LUMPUR (March 23): The High Court has on Feb 24 affirmed the decision made by the Strata Management Tribunal in April 2016 that resolutions related to the recent refurbishment of The Summit Subang USJ in Subang, Selangor were not properly passed.
Sime Darby Property’s Harmoni 1 launched with prices from RM170,000
SUBANG JAYA (March 21): Sime Darby Property, the property arm of Sime Darby Bhd, has unveiled its second Rumah Selangorku project, Harmoni 1, located in Putra Heights, Subang in Selangor.
Gabungan AQRS sells land in Selangor for RM34.7 mil; appoints new chairman
KUALA LUMPUR (March 17): Gabungan AQRS Bhd is selling a piece of land in Petaling, Selangor for RM34.
DONE DEAL: Bungalow at Tropicana Golf and Country Resort, Petaling Jaya
Rented for: RM20,000 a month Concluded by: Christine Lim (REN 01622) of Tech Realtors Properties (012-633 3333) and Freeman Woo (REN 05026) of MIP Properties (012-656 7617) When: October 2016 Noteworthy: ● leasehold ● golf club view ● gated-and-guarded development ● unit land area: 7,700 sq ft; built-up size: 9,000 sq ft, ● two storeys ● 4+1 bedrooms and six bathrooms ● Clubhouse facilities: tennis and badminton courts, bowling, swimming pools, 27-hole golf course, library, gaming room, gymnasium, children playground and multipurpose hall ● Near amenities that include an international school, university, medical centre, shopping malls, convenience store and restaurants ● Easy access to Jalan Tropicana Utama which connects to neighbouring townships in Petaling Jaya, the New Klang Valley Expressway and Damansara-Puchong Highway Developed by Tropicana Corp Bhd, Tropicana Golf & Country Resort is a luxury residential project in a gated-and-guarded community.
Hektar REIT declares 2.7 sen DPU
KUALA LUMPUR (Feb 15): Hektar Real Estate Investment Trust’s (REIT) net property income (NPI) slipped 4.
Mammoth Empire sells Empire Shopping Gallery to PHB, has option to buy it back in 5 years
PROPERTY developer and asset manager Mammoth Empire Holdings Sdn Bhd has signed on the dotted line to sell its flagship Empire Shopping Gallery in Subang Jaya, Selangor, to Pelaburan Hartanah Bhd (PHB) for RM570 million cash.
NWP eyes property projects in Kuala Lumpur, Melaka
KUALA LUMPUR (Jan 24): Having successfully diversified into the construction business, timber products company NWP Holdings Bhd is venturing into property development too.
