Chin Hin Group buys Solarvest shares but sells warrants
KUALA LUMPUR (Dec 18): Chin Hin Group Bhd has raised its stake in Solarvest Holdings Bhd to 27.
MARC revises IOI Properties funding vehicle’s rating outlook to negative
KUALA LUMPUR (Dec 17): Malaysian Rating Corporation Bhd (MARC) has revised its rating outlook for Fortune Premiere Sdn Bhd's RM3 billion multi-currency sukuk programme to negative from positive while affirming its AA-IS rating.
Property Chat: If I were the Housing Minister (Part 2)
Last week, I presented the National House Buyers Association (HBA)’s: ‘tick where applicable” checklist to our newly minted Minister of Housing & Local Government, YB Datuk Seri Reezal Merican Naina Merican in my article published on Dec 11, 2021 entitled: ‘If I were the Housing Minister” I have since received positive feedback from my fellow volunteers, friends of HBA, industry players, stakeholders, civil servants, politicians from both sides of the divide and housing developers (of the decent and responsible variety).
JHM to raise RM92m via private placement for new factory in Batu Kawan
KUALA LUMPUR (Dec 16): JHM Consolidation Bhd plans to raise RM92 million via a private placement for the construction of its new manufacturing facility at the Batu Kawan Industrial Park in mainland Penang.
Kamdar to sell property in Penang for repayment of bank borrowings
KUALA LUMPUR (Dec 16): Kamdar Bhd is disposing of a property in Bayan Lepas, Penang for RM12.
DONE DEAL: Shoplot at Bandar Mahkota Cheras, Selangor
Read also DONE DEAL: Condominium at Pavilion Hilltop, Kuala Lumpur DONE DEAL: Three-storey bungalow at Seventy Damansara, Bukit Damansara, Kuala Lumpur Located in Hulu Langat, Selangor, Bandar Mahkota Cheras was developed during the 2000 by developer Narajaya Sdn Bhd.
Majority of Malaysian homes not insured for fire damage — Zurich Malaysia
KUALA LUMPUR (Dec 15): A majority of Malaysian homeowners (59%) are not covered for fire damage, with fire losses estimated at RM2.
KAF Research foresees sales, earnings recovery for property sector next year
KUALA LUMPUR (Dec 15): KAF Research expects the property upcycle to gain momentum as the Covid-19 pandemic appears likely to transition to an endemic soon.
Asia Pacific office market expected to be upbeat next year: C&W
SINGAPORE (Dec 14): Singapore, Japan, and South Korea are predicted to experience “above-average growth in 2022” driven by strong demand for exports, says Cushman & Wakefield report entitled Catch 22 — Asia Pacific Commercial Real Estate Outlook 2022.
RAM Ratings reaffirms ratings of Impian Ekspresi’s RM450m MTN
KUALA LUMPUR (Dec 13): RAM Rating Sdn Bhd (RAM Ratings) has reaffirmed the enhanced ratings of Impian Ekspresi Sdn Bhd's RM450 million guaranteed Medium-Term Notes (MTN) Programme with a AAA(fg)/Stable rating for the Danajamin-guaranteed RM300 million and a AAA(bg)/Stable rating for the balance Maybank-guaranteed RM150 million.
