News about asset

KUALA LUMPUR (Feb 28): Berjaya Assets Bhd slipped into the red in its second quarter ended Dec 31, 2017 (2QFY18), mainly due to higher operating expenses incurred by the property development and property investment business segment.

PETALING JAYA (Feb 3): Saudi Arabia’s Alrajhi family has acquired the 16-storey Wisma Mont Kiara office building that is part of a larger integrated mixed-use development in the posh high-rise enclave for an estimated RM122 million from Singapore-based ARA Asset Management Ltd, reported The Edge weekly.

KUALA LUMPUR (Jan 25): UOA Real Estate Investment Trust's net rental income for the fourth quarter ended Dec 31, 2017 (4QFY17) fell 39.

KUALA LUMPUR (Jan 23): Malaysia's MyHSR Corp Sdn Bhd and Singapore's SG HSR Pte Ltd, who jointly held a briefing on the assets company (AssetsCo) tender for the Kuala Lumpur-Singapore High Speed Rail project (KL-Singapore HSR) today, assured every bid will be assessed on its own merits.

KUALA LUMPUR (Jan 11): Berjaya Assets Bhd (BAssets) has increased its stake in 7-Eleven Malaysia Holdings Bhd to 4.

KUALA LUMPUR (Jan 5): AMMB Holdings Bhd is terminating its joint venture with Singapore-based ARA Asset Management (Malaysia) Ltd, and is instead signing a new agreement with Amcorp Properties Bhd to manage its real estate investment trust.

KUALA LUMPUR (Dec 20): SG HSR and MyHSR Corp of Malaysia have called a joint tender for a private-financed assets company (AssetsCo) to work on the Kuala Lumpur-Singapore High Speed Rail (HSR) mega project, The Edge Singapore’s website reported today.

KUALA LUMPUR (Dec 6): The average occupancy rate of retail space in the Klang Valley, which has been falling marginally over the last six years, is now hovering at a five-year low of 86%, said real estate services firm Nawawi Tie Leung Sdn Bhd (NTL).

KUALA LUMPUR (Dec 5): UOA Development Bhd is buying a further 35% stake in Everise Project Sdn Bhd from Kaginic Assets Holdings Sdn Bhd for RM159.

PETALING JAYA (Oct 27): Household debt repayment capacity remains solid as at end-July 2017, underpinned by steady income growth and stable labour market conditions, according to the “Economic Report 2017/2018”.