Number of deals to rise as REITs seek to build
MALAYSIAN real estate investment trusts (M-REITs) are touted as safe haven assets for investors seeking safety in dividend yields post-Brexit.
M-REITs may be allowed to build own properties
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.
Ireka aborts Senawang land acquisition
KUALA LUMPUR (July 12): Ireka Corp Bhd (Ireka) has aborted the freehold land acquisition measuring 21.
CapitaLand’s Ascott to buy prime Australian property for S$71 mil
SINGAPORE (July 12): CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million (S$71 million) (RM210 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels.
A 3-room house for RM20,000!? No, we are not joking
PETALING JAYA (July 12): The rising price of homes is one of the biggest complaints of Malaysians, especially for city folk.
Salcon ventures into Australia with planned A$230m residential project
KUALA LUMPUR (July 1): Salcon Bhd is buying a plot of freehold commercial plot in Australia, together with a car park and a two-storey office building erected on it, for A$37.
MK Land eyes development of new industrial area at Beriah Valley
BAGAN SERAI (June 30): MK Land Holdings Bhd is planning to develop a new industrial area at Beriah Valley, Alor Pongsu, near here, Bernama reported today.
Wish list to new housing minister
PETALING JAYA (June 29): The National House Buyers’ Association (HBA) hopes that the new Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar will encourage greater home ownership.
Mapletree Logistics Trust to acquire Shah Alam warehouse for S$53.2m
SINGAPORE (June 29): The manager of Mapletree Logistics Trust (MLT) is acquiring a warehouse facility in Malaysia at a purchase consideration of RM160 million from its sponsor, Mapletree Investments.
Noh Omar is new Urban Wellbeing, Housing and Local Government Minister
PETALING JAYA (June 27): Former Agriculture and Agro-based Industry Minister Tan Sri Noh Omar is now the Minister of Urban Wellbeing, Housing and Local Government following a cabinet reshuffle today.
