Johor properties see lower selling prices
THE Johor market has been quiet in the past year.
Paramount Corp's 2Q net profit up 70% on higher contribution from property division
KUALA LUMPUR (Aug 17): Paramount Corp Bhd’s second quarter net profit soared 70% to RM23.
MRCB actively looking at all options to dispose of EDL
KUALA LUMPUR (Aug 17): Malaysian Resources Corp Bhd (MRCB) is actively looking at all options to dispose of Eastern Dispersal Link (EDL) Expressway in Johor, said MRCB chief corporate officer Amarjit Chhina.
Sunway REIT among top beneficiaries of Pokémon GO, says UOB Kay Hian
KUALA LUMPUR (Aug 16): As a result of the release of the Pokémon GO in Malaysia, retail real estate investment trusts (REITs) are expected to remain market outperformers, with Sunway REIT seen as providing the best upside, according to UOB Kay Hian research.
UCSI, Hartamas Real Estate roll out diploma in real estate programme
PETALING JAYA (Aug 16): UCSI College has teamed up with Hartamas Academy Resources Sdn Bhd — the training and development arm of Hartamas Real Estate Sdn Bhd — to offer the Executive Diploma in Real Estate (EDRE) programme to those interested in pursuing a career in real estate.
Zaha Hadid’s first tower in Melbourne unveiled
PETALING JAYA (Aug 16): Melbourne will soon usher in 600 Collins Street — the masterpiece of the world’s most renowned female architect, Zaha Hadid — after the Victorian government approved the $300-million project, Tourism Australia announced in a press release today.
George Kent consortium leads MRT Line 2 job race
KUALA LUMPUR (Aug 16): A consortium led by George Kent (Malaysia) Bhd has emerged the front runner for a RM1 billion deal to build new tracks for the mass rapid transit (MRT) Line 2, known as the Sungai Buloh-Serdang-Putrajaya (SSP) Line.
Tower REIT’s 2Q net income falls 6.36% on lower occupancy rate
KUALA LUMPUR (Aug 16): Tower Real Estate Investment Trust’s (REIT) second quarter net income fell 6.
AQRS to get RM500 mil SUKE subcontract
Gabungan AQRS Bhd, a mid-size construction and property development company, is getting a RM500 million subcontract for the CA3 portion of the Sungai Besi-Ulu Kelang Expressway (SUKE).
Sime Darby launches RTO of Japanese REIT, Saizen
KUALA LUMPUR (Aug 15): Sime Darby Bhd has initiated a reverse takeover (RTO) of Japan’s Saizen Real Estate Investment Trust (REIT) under which it will be injecting several of its industrial properties in Australia into the REIT, in exchange for a a certain amount of units in the REIT and cash.
