News about US

PETALING JAYA (March 30): After over four hours, firefighters had managed to extinguish a fire that broke out at four warehouses near the air cargo complex of the Penang International Airport at Batu Maung, Penang, last night.

YTL Hospitality Real Estate Investment Trust (March 28, RM1.

  KUALA LUMPUR (March 28): Titijaya Land Bhd is buying shares of a loss-making privately-owned property company that owns a 27,550 sq m piece of land in Ampang here, for RM9.

PETALING JAYA (March 28): The rejection rate of housing applications has declined to below the average rate of about a quarter of all cases, said Bank Negara Malaysia (BNM) in its “Financial Stability and Payment Systems Report 2017”.

PETALING JAYA (March 28): A Knight Frank Malaysia survey showed that the retail sector is still the top commercial real estate investment this year among key players in the industry despite an oversupply of retail space in the country.

PETALING JAYA (March 28): Loans for the purchase of residential properties remain the largest component of household debt, representing 52% of total household loans, according to Bank Negara Malaysia’s (BNM) “Financial Stability and Payment Systems Report 2017” released today.

KUALA LUMPUR (March 27): The Ministry of Works said it wants to get local authorities around Malaysia to impose a mandatory ruling for new developments to comply with the requirements for industrialised building system (IBS).

Pesona Metro Holdings Bhd (March 26, 37 sen) Maintain buy with a target price (TP) of 52 sen: Pesona Metro Holdings Bhd announced that it has been awarded a RM216.

KUALA LUMPUR (March 26): It has been more than three years since the puncture of the property boom.

PETALING JAYA (March 24): Two Grade A office buildings in Putrajaya valued at RM600 million have been put on sale as their owner, a US-based private equity fund, is unable to pay its debt, reported The Edge weekly.