News about TM

KUALA LUMPUR (May 4): Irene Sin May Lin has been named the new chief financial officer of Sunway Real Estate Investment Trust (SunREIT).

KUALA LUMPUR (April 24): The liberalisation in the permissible list of activities provides alternative growth opportunities to Malaysian Real Estate Investment Trusts (M-REITs) in the areas of acquiring vacant land to undertake property development activities, acquisition of assets with provision of income support and investments through private leases, said the Malaysian REIT Managers Association (MRMA).

KUALA LUMPUR (April 20): Various tax reliefs have been commonly accorded to mega public infrastructure developments as a government incentive since the 1980s, the Royal Malaysian Customs Department asserted yesterday, following the brouhaha over the granting of goods and services tax (GST) relief for the procurement of materials and services related to the RM55 billion East Coast Rail Link (ECRL) project.

KUALA LUMPUR (April 19): The Asian Infrastructure Investment Bank (AIIB) has expressed its interest in financing the Kuala Lumpur-Singapore High Speed Rail (HSR), among other infrastructure projects in Malaysia, according to the Embassy of China.

KUALA LUMPUR (April 18): CIMB Investment Bank Bhd said the pace of awards of the remaining 18 contracts under the proposed Pan-Borneo Highway in Sabah (PBH Sabah) is expected to pick up post Malaysia's 14th General Election (GE14).

Real estate investment trust sector Maintain neutral: The Securities Commission Malaysia (SC) has implemented the new revised guidelines on listed real estate investment trusts (REITs) effective on April 9, 2018.

PETALING JAYA (April 17): Thirty new hotels were completed last year, adding a further 5,777 rooms to the sector in 2017, over 50% more than the 3,733 new rooms introduced in 2016, said the Valuation and Property Services Department’s (JPPH) “Malaysian Property Market Report 2017”.

PETALING JAYA (April 17): Some five acres of recreational land in Taman Cantik, Cheras, have allegedly been converted into development land just a day before Parliament was dissolved on April 7, reported The Malay Mail Online.

KUALA LUMPUR (April 13): MCT Bhd plans to build some 1,400 serviced apartments on a 9.

KUALA LUMPUR (April 7): It is important to invest in yourself first before investing in a property, said Chur Associates founder and managing partner Chris Tan.