REITs expected to be active in greenfield, brownfield projects
Real estate investment trust sector Maintain neutral: There are no surprises for 2QCY18 earnings for real estate investment trusts (REIT).
Construction landscape likely to remain challenging
Construction sector Maintain neutral: For the recent second quarter of 2018 results season, seven (54%) out of the 13 contractors under our coverage reported core earnings that were below expectations and six (46%) were within.
KL apartment residents fuming over property maintenance
PETALING JAYA (Sept 10): Parking and traffic woes, potholes, stacks of garbage and pests are just some of the problems that are ticking off residents of Taman Lembah Maju 600 Apartment in Kuala Lumpur, reported The Star.
Formaldehyde kills, sickens Chinese tenants as demand for new homes soars
PETALING JAYA (Sept 7): High demand for housing in China has prompted newly-built or newly-renovated apartments to be put on the market before cancer-causing formaldehyde fumes have enough time to dissipate, reported the BBC.
Schools and home want Penang’s PIL 1 away from them
KUALA LUMPUR (Sept 6): Penang’s Pan Island Link 1 (PIL 1) seems to be liked and loathed by a lot of people at the same time.
Pesona Metro active, up 5.88% on bagging job to build apartments
KUALA LUMPUR (Sept 5): Pesona Metro Holdings Bhd rose 5.
UOA REIT mulls formation of sub-MCs at its properties to avoid disputes
PETALING JAYA (Sept 4): UOA Real Estate Investment Trust (UOA REIT) is considering forming sub-management committees (sub-MCs) for properties held under UOA REIT as this will allow the different components in mixed developments to operate independently and avoid potential disputes.
RTD takes over AES, releases locations of red light and speed cameras
KUALA LUMPUR (September 3): The Road Transport Department (RTD) has taken over the operations of 45 Automated Enforcement System (AES) cameras, effective Sept 1.
IGB to directly hold 49% stake in IGB REIT
KUALA LUMPUR (August 31): IGB Bhd is undertaking an internal group reorganisation which will see its 49.
Swedish college student falls to his death from Subang Jaya apartment unit
SUBANG JAYA (August 30): A Swedish student at a private college here fell to his death from the 22nd floor of an apartment building at Jalan Subang 1 here, early today, reports the NST.
