Thailand positioning itself as haven for the elderly
BANGKOK (Sept 14) : Investors are on the march to cash in on Thailand’s ageing demographic, with two new retirement home projects worth a combined 10 billion baht (RM1.
KL and Bangkok prime office market rent contract in 2Q2017
PETALING JAYA (Sept 12): Out of the 20 markets tracked by global property consultancy Knight Frank, Kuala Lumpur and Bangkok have experienced rental decline for their prime office market in 2Q2017, according to Knight Frank’s Asia-Pacific Prime Office Rental Index report.
Hektar REIT to pay income distribution a day earlier
KUALA LUMPUR (Sept 11): Hektar Real Estate Investment Trust (Hektar REIT) announced it will pay the second interim income distribution together with an advance income distribution for July and August, totalling 4 sen per unit on Sept 21, a day earlier than the scheduled Sept 22.
ABM 'strongly refutes' claim that banks are responsible for space glut
KUALA LUMPUR (Sept 11): A banking industry group has come out to "strongly refute" the claim by a property expert that banks are responsible for the oversupply of retail and office space in the Klang Valley.
Hektar REIT banks on turnover lease
KUALA LUMPUR (Sept 11): Turnover rent structure has helped Hektar Real Estate Investment Trust (Hektar REIT) to manage rental pressures amid a weak retail environment coupled with the overbuilding of malls in the Klang Valley.
CK East plans boutique residences in Kayu Ara
PETALING JAYA (Sept 11): CK East Group plans to launch a low-rise residential development in Kampung Kayu Ara, Petaling Jaya, sometime during mid-2018.
Rise in OPR soon unlikely due to rising household debt — MARC
KUALA LUMPUR (Sept 8): Bank Negara Malaysia is unlikely to risk raising the overnight policy rate (OPR) too soon as it can affect consumers' debt service capacity, says Malaysian Rating Corp Bhd (MARC).
Central i-City Shopping Centre to open end-2018
PETALING JAYA (Sept 7): Central i-City Shopping Centre, a joint-venture development by I-Berhad (I-Bhd) and Bangkok-based property developer and investor Central Pattana Public Co Ltd (CPN), is scheduled to open at the end of next year.
BNM keeps overnight policy rate at 3%
KUALA LUMPUR (Sept 7): The Monetary Policy Committee of Bank Negara Malaysia (BNM) decided at its meeting today to maintain its overnight policy rate (OPR) at 3%.
