Five Johor homes razed, leaving 11 people homeless
JOHOR BAHRU (August 18): Five homes burned down last night, leaving 11 residents homeless in Jalan Sekolah Agama, Kampung Pasir Putih, Pasir Gudang.
Pelaburan Hartanah chief: Real estate is a solid investment
KUALA LUMPUR (Aug 15): Pelaburan Hartanah Bhd (PHB) is confident it will continue to do well despite headwinds in the property market because PHB's real estate portfolio covers all sectors of the real estate market, group managing director cum chief executive officer Datuk Kamalul Arifin Othman said.
Equanimity seizure legally valid, Liew tells Parliament
KUALA LUMPUR (Aug 14): The seizure of the controversy-laden yacht Equanimity was in accordance with prescribed laws and therefore legally valid, said Minister in the Prime Minister's Department Datuk Liew Vui Keong.
Pavilion REIT to participate in ownership of Pavilion Bukit Jalil mall
KUALA LUMPUR (Aug 14): Malton Bhd said Pavilion Real Estate Investment Trust (REIT) has agreed to participate in the ownership of its ongoing shopping mall development called Pavilion Bukit Jalil located in Bukit Jalil City here.
Scorching weather until October
PETALING JAYA (August 13): Relief from the heatwave is expected to arrive with the inter-monsoon season in October.
Forest fire near Jalan Duta courts
PETALING JAYA (Aug 12): A large patch of forest along Jalan Kuching near the Segambut roundabout was burnt on Friday (Aug 10) night.
Latest asset buy seen to have muted impact on Axis REIT’s earnings
Axis Real Estate Investment Trust (Aug 9, RM1.
Sunway REIT declares 2.15 sen DPU, warns property glut is a challenge
KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.
Axis REIT’s first-half core net income within expectations
Axis Real Estate Investment Trust (Aug 7, RM1.