South Korea’s emart24 launches its first store in Bangsar South
PETALING JAYA (June 23): emart24, one of South Korea’s biggest convenience stores, launched its first outlet in Malaysia in Bangsar South yesterday.
Lagenda Properties expands landbank with 500 acre purchase in Kuantan
PETALING JAYA (June 23): Lagenda Properties Bhd (via its wholly-owned subsidiary, LPB Development Sdn Bhd) has entered into a Sale and Purchase Agreement (SPA) with SST Development Sdn Bhd to acquire 500 acres of land in Kuantan, Pahang.
MAHB submits detailed Subang Airport regeneration plan to govt
KUALA LUMPUR (June 21): Malaysia Airports Holdings Bhd (MAHB) has submitted a comprehensive strategic long-term development plan for the Sultan Abdul Aziz Shah Airport in Subang, Selangor to the government.
Seven top developers dominate 70% of local market share - PublicInvest Research
PETALING JAYA (June 18): With increasing consolidation in the property sector, the market is seeing the industry being dominated by a few players with landbank that carried an estimated gross development value (GDV) of close to RM100 billion, said Public Investment Bank Bhd (PublicInvest Research).
House hunting: Drawn to the new or charmed by the old?
You have been shopping around for a new home.
Maybank IB: Weaker 2Q property sales expected but sector on track to recover
PETALING JAYA (June 17): The one-month long full lockdown (FMCO) is expected to affect the property sales and developers’ earnings in the second quarter this year, but Maybank Investment Bank Research believed that property sales will be picking up again once movement restrictions are lifted .
Phuket may hold key to other Asian tourist hot spots as it reopens July 1
PETALING JAYA (June 16): The plan to reopen the popular tourist island of Phuket in Thailand could serve as an example for other holiday destinations in Asia to relax their borders and attract visitors, said Banyan Tree Holdings executive chairman Ho Kwon Ping in an interview with Bloomberg on June 14.
Maju Expressway defaults on RM50m bond principal
KUALA LUMPUR (June 15): Maju Expressway Sdn Bhd (MESB) has defaulted on its RM50 million bond principal after failing to redeem its outstanding amount, according to facility agent CIMB Investment Bank Bhd.
Public Bank says Covid-19 relief amounts to about RM40b so far
KUALA LUMPUR (June 14): Public Bank Bhd managing director and chief executive officer (CEO) Tan Sri Tay Ah Lek said today the group’s Covid-19-driven targeted loan repayment assistance programme had so far assisted over 160,000 customers who benefited from the bank’s pandemic relief amounting to about RM40 billion.
AmInvestment Bank Research cuts FV for Pavilion REIT, IGB REIT and YTL Hospitality REIT, increases it for Sunway REIT
KUALA LUMPUR (June 11): AmInvestment Bank Research has cut its fair value (FV) for Pavilion Real Estate Investment Trust (REIT) and IGB REIT, while increasing its FV for Sunway REIT.
