News about asset

WITH widespread expectation that global interest rates will stay low for a long time, real estate investment trusts in Singapore have performed well since the beginning of this year, despite a chorus of warnings about the deteriorating fundamentals of the commercial property sector.

KUALA LUMPUR (July 13): Berjaya Assets Bhd (BAssets)'s unit, Berjaya Waterfront Sdn Bhd, has inked a Memorandum of Understanding (MoU) with Foshan City Bureau of Commerce (FCBC) to establish a strategic collaboration partnership to foster trade and investment activities.

KUALA LUMPUR (July 13): Berjaya Assets Bhd (BAssets) has appointed an exclusive marketing agent for the sale of a piece of freehold land in Imbi.

KUALA LUMPUR (July 11): Tan Sri Vincent Tan Chee Yioun’s Berjaya Assets Bhd is looking at a potential sale of a freehold land in Imbi for some RM130 million.

KUALA LUMPUR (July 1): Yong Tai Bhd has teamed up with PGCG Assets Holdings Sdn Bhd to jointly undertake a mixed development with a gross development value (GDV) of RM510 million in Ijok, Kuala Selangor.

GLOBAL real estate assets under management (AUM) totalled US$2.

KUALA LUMPUR (May 11): Malaysia Building Society Bhd (MBSB)’s net profit for the first quarter ended March 31, 2016 (1QFY16) slumped by 71.

KUALA LUMPUR (April 30): Investors should keep an eye on the market as buyers of properties under the Developer Interest Bearing Scheme (DIBS) seek to unload their properties this year, said JLL Property Services (Malaysia) Sdn Bhd country head and managing director YY Lau (pictured).

KUALA LUMPUR (April 20): Hektar Real Estate Investment Trust (REIT) founder and chief executive officer (CEO) Datuk Jaafar Abdul Hamid will be resigning as the CEO of its management company Hektar Asset Management Sdn Bhd (HAM) on May 1.

SUBANG JAYA (March 7): The newly-opened ss15 Courtyard shopping mall has achieved an occupancy rate of over 80%.