LB Aluminium to buy Subang Jaya industrial property for RM25m
KUALA LUMPUR (Apr 25): LB Aluminium Bhd is acquiring a piece of industrial land together with an industrial complex in Sungai Penaga Industrial Park, Subang Jaya, Selangor for RM25 million cash.
WeWork expands into Indonesia with two upcoming locations
SINGAPORE (April 25): New York-based co-working operator WeWork announced on April 24 that it will be entering the Indonesian market with the opening of two co-working offices by 3Q2018.
HDB flat buyers would pay 3% more for a greener neighbourhood
SINGAPORE (April 25): The presence of green spaces can bring up the value of a public housing apartment, and on average, people would pay 3% more to live in a greener neighbourhood.
CMMT posts lower 1Q NPI on lower contribution from Klang Valley malls
KUALA LUMPUR (April 25): Capitaland Malaysia Mall Trust's (CMMT) net property income (NPI) fell 4.
Sarawak Consolidated calls off deal to buy IBS factory owner
KUALA LUMPUR (April 25): Sarawak Consolidated Industries Bhd has terminated its share sale agreement (SSA) to acquire an industrialised building system (IBS) factory owner and operator Carlton Gardens Sdn Bhd for RM9.
REIT managers say SC's REIT guideline amendments will drive market's growth
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).
M'sian construction delegation visits UK for opportunities in development projects
KUALA LUMPUR (April 23): The Construction Industry Development Board (CIDB) today led a delegation of Malaysian construction-related companies to explore opportunities in development projects in the UK owned by Malaysian developers.
Melaka has the best-priced affordable housing in Malaysia, says CM
KUALA LUMPUR (April 23): Melaka has been recognised as the state that provides affordable housing with the best pricing, Bernama reported Chief Minister Datuk Seri Idris Haron as saying.
Affordable housing influx may worsen overhang situation
PETALING JAYA (April 21): A growing supply of affordable housing – variously defined as priced below RM500,000 to below RM200,000 by different authorities and consultancies – by public and private entities threatens to keep overhang units undigested, reported The Edge weekly.
