JCorp sets up Al-Salām REIT

PETALING JAYA (April 29): Johor Corporation (JCorp) officially announced the establishment of a new Islamic Real Estate Investment Trusts (REIT), Al-Salām REIT yesterday.

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Best Western i-City opens

SHAH ALAM: Selangor’s i-City will see RM700 million investments in three hotels and a total accommodation of 1,000 rooms in the near future.

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Pavilion REIT holding firm

KUALA LUMPUR (April 27): Hong Leong Investment Bank Research has reported that occupancy rates for mall and office property (pictured) under the Pavilion Real Estate Investment Trust (REIT) are largely intact in the current quarter.

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Matrix Concepts to develop Damansara of Seremban

SEREMBAN (April 27): Property developer Matrix Concepts Holdings Bhd expects Bandar Sri Sendayan (BSS) in Seremban to flourish into a town centre similar to that of 1 Utama upon completion in seven to eight years, according to group managing director and CEO Datuk Lee Tian Hock.

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Residential market’s first signs of recovery since 2012

KUALA LUMPUR (April 27): The slight uptick in the volume of residential property transactions in 2014 points to the first signs of a recovery since the segment’s “continuous dip” from 2012, says Raine & Horne International Zaki + Partners Sdn Bhd senior partner Michael Geh (pictured).

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