KIP REIT 3Q NPI up 5.9% to RM14.5 mil, declares DPU of 1.60 sen
KUALA LUMPUR (April 21): KIP Real Estate Investment Trust (REIT) net property income (NPI) in the third quarter ended March 31, 2022 (3QFY22) rose 5.
Axis REIT 1Q NPI up 17.2% to RM58.39 mil, declares DPU of 2.42 sen
KUALA LUMPUR (April 21): Axis Real Estate Investment Trust’s (AXREIT) net property income (NPI) in the first quarter ended March 31, 2022 (1QFY22) jumped 17.
Another big victory for house buyers in Country Garden Danga Bay case
Yesterday (April 13), the Federal Court dismissed the leave applications brought by Country Garden Danga Bay Sdn Bhd (CGDB) against a group of seven unit purchasers of Country Garden Danga Bay, Johor Bahru.
Property Chat: Can developers compel buyers to waive LAD claims?
Some developers are ‘arm-twisting’ house buyers to sign away their rights to late delivery compensations, but are such waivers legitimate? Ever so often, when developers fail to complete their projects on time, they devise ways and means to avoid paying compensation for late delivery or liquidated ascertained damages (LAD) to their house buyers.
Knight Frank: 64% of hotel owners looking to increase exposure in Malaysia
PETALING JAYA (April 12): Knight Frank Malaysia expects to see an increase in hotel transactions over the next 24 months, supported by improved appetite of hotel owners and operators as shown in its latest market survey report.
Axis REIT buys warehouse in Johor for RM390 mil, its largest acquisition to date
KUALA LUMPUR (April 12): Axis Real Investment Trust (REIT) is acquiring a logistics warehouse facility in Pelabuhan Tanjung Pelepas (PTP) in Johor for RM390 million cash, its largest acquisition to date.
Sunway REIT appoints former Maybank CEO Amirsham Aziz as new chairman
KUALA LUMPUR (April 11): Sunway Real Estate Investment Trust (Sunway REIT) has appointed Tan Sri Amirsham Aziz, a former Minister as well as former Maybank president and chief executive officer, as its new chairman effective Friday (April 8).
Jentayu Sustainables plans to dispose leasehold industrial property in Petaling Jaya for RM19.99m
KUALA LUMPUR (April 11): Jentayu Sustainables Bhd (formerly known as Ipmuda Bhd) has proposed to sell a parcel of leasehold redevelopment industrial land with warehouses and offices in Petaling Jaya for RM19.
TAFI Industries secures construction job in Kuala Langat
KUALA LUMPUR (April 7): TAFI Industries Bhd has secured a contract for the construction of a single-storey factory and warehouse together with a two-storey office building in Kuala Langat, Selangor.
DONE DEAL: Two-storey terrace at USJ 16, Selangor
Read also: DONE DEAL: Office at UOA Business Park, Selangor DONE DEAL: Three-storey terrace at Taman Residensi Sri Utara, Kuala Lumpur USJ 16 is one of the many neighbourhoods that make up the UEP Subang Jaya enclave.
