Axis REIT acquires 40th property, total assets now worth RM2.46b
KUALA LUMPUR (Dec 5): Axis Real Estate Investment Trust (Axis-REIT) has added its 40th property — an industrial facility in Gebeng, Kuantan — to its portfolio today.
Developers can still build offices, malls with 'justification' — Johari
KUALA LUMPUR (Dec 5): Despite an announced freeze of approvals for shopping complexes, offices and condominiums priced above RM1 million, developers can still build offices and shopping malls, provided they justify their projects to the relevant minister, according to second finance minister Datuk Johari Abdul Ghani.
Mulpha International issues US70m debt notes
KUALA LUMPUR (Dec 5): Mulpha International Bhd has issued the sixth series of notes under its US$200 million (RM818 million) Medium Term Note (MTN) programme.
Vivocom seen to be entering into slower billing cycle
Vivocom International Holdings Bhd (Dec 4, 13 sen) Maintain buy recommendation with an adjusted target price (TP) of 33 sen per share: Vivocom International Bhd’s nine-month financial year 2017 (9MFY17) earnings came below expectations.
UOA Development ups stake in property developer firm for RM159.5m
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.
Al-Salam REIT to buy 22 properties for RM115m, seeks to raise RM60m via placement
KUALA LUMPUR (Dec 4): Al-Salam Real Estate Investment Trust (Al-Salam REIT) is acquiring 22 properties located across Malaysia for a combined RM115 million in a related party transaction.
Yahaya Hassan is Damansara Realty's group COO
KUALA LUMPUR (Dec 4): Damansara Realty Bhd (DBhd) has appointed Yahaya Hassan (pictured) as its group chief operating officer effective Dec 1.
Sime Darby continues climb as plantations, property fall
KUALA LUMPUR (Dec 4): Sime Darby Bhd, in its pure play form, saw a further strengthening of its share price today as its investors were convinced the stock deserves to be traded at higher valuations.
Johor to maintain RM1m floor on foreign property ownership
PETALING JAYA (Dec 4): Johor will maintain the current RM1 million minimum purchase price for foreign property ownership in the state, reported The Sun.
AmInvestment Bank: Property market to remain subdued in 2018
PETALING JAYA (Dec 4): AmInvestment Bank expects the property market to remain subdued in 2018 as elevated home prices, low financing margins by banks, and high debt-service ratios (DSR) among prospective homebuyers continue to plague the market.
