News about UN

Property sector (July 14) Maintain neutral: Bank Negara Malaysia (BNM) has cut its overnight policy rate by 25 basis points (bps) to 3%.

KUALA LUMPUR (July 14): UEM Sunrise Bhd rose as much as three sen or 3% after Bank Negara Malaysia cut the overnight policy rate (OPR) to 3% from 3.

KUALA LUMPUR (July 14): The Securities Commission Malaysia (SC) has granted a waiver to Sunway Real Estate Investment Trust (Sunway REIT) that will allow the company to acquire land to construct an extension of the Sunway Carnival Mall in Seberang Perai, Penang.

MALAYSIAN real estate investment trusts (M-REITs) may soon be allowed to put as much as 15% of their total assets into development projects and vacant land for development and are already positioning themselves for the liberalisation that is slated for the end of the year, industry sources say.

KUALA LUMPUR (July 12): Do you complain about how apartment units are getting increasingly small.

PETALING JAYA (July 12): The rising price of homes is one of the biggest complaints of Malaysians, especially for city folk.

KUALA LUMPUR (July 11): Yong Tai Bhd's share price rose further today to a 10-month high as investors reacted positively to the group's plan to jointly undertake a property development project in Ijok, near Kuala Selangor, with another company.

PETALING JAYA (July 11): The Nawawi Tie Leung group of companies — previously comprising DTZ Nawawi Tie Leung Sdn Bhd and DTZ Nawawi Tie Leung Property Consultants Sdn Bhd — have been rebranded as Nawawi Tie Leung Real Estate Consultants Sdn Bhd and Nawawi Tie Leung Property Consultants Sdn Bhd, said the group in a press statement.

Property sector Maintain neutral: Out of eight property developers under our coverage, two (UEM Sunrise Bhd [UEMS] and Eastern & Oriental Bhd [E&O]) reported earnings below expectations.

SENTOSA Cove has some of the priciest waterfront resort homes built on 99-year leasehold reclaimed land.