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.
Crunch time for malls
JUST last week, Perda City Mall in Bukit Mertajam, Penang, suddenly shut down after a mere 18 months in business.
TSR aims to secure 10% of jobs tendered
KUALA LUMPUR (Aug 3): TSR Capital Bhd, which currently has an order book of RM800 million, is tendering RM5 billion worth of construction projects, including the Damansara-Shah Alam Elevated Expressway, Sungai Besi-Ulu Klang Elevated Expressway, and mass rapid transit and light rail transit 3 projects.
CapitaLand Mall Trust remains DBS’s mall owner of choice
SINGAPORE (July 27): DBS Vickers Securities is keeping its “hold” call on CapitaLand Mall Trust (CMT) with a higher target price of S$2.
Opening of Melawati Mall extended to 2Q17, from 4Q16
KUALA LUMPUR (July 21): The Sime Darby Property Bhd-CapitaLand Mall Asia joint venture has decided to further extend the opening of its Melawati Mall to the second quarter of next year (2Q17).
CMMT’s share price and earnings soar even as competition intensifies
KUALA LUMPUR (July 20): CapitaLand Malaysia Mall Trust (CMMT) share price hit a one-year high of RM1.
SC grants waiver to Sunway REIT for Penang land buy
KUALA LUMPUR (July 14): The Securities Commission Malaysia (SC) has granted a waiver to Sunway Real Estate Investment Trust (Sunway REIT) that will allow the company to acquire land to construct an extension of the Sunway Carnival Mall in Seberang Perai, Penang.
M-REITs may be allowed to build own properties
MALAYSIAN real estate investment trusts (M-REITs) may soon be allowed to put as much as 15% of their total assets into development projects and vacant land for development and are already positioning themselves for the liberalisation that is slated for the end of the year, industry sources say.
CapitaLand’s Ascott to buy prime Australian property for S$71 mil
SINGAPORE (July 12): CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million (S$71 million) (RM210 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels.
TSA Land ready to launch maiden project
KUALA Lumpur’s Melawati area has been a property hot spot for the last decade, with prices soaring and new developments from major developers such as Sime Darby Property Bhd, Sunway Bhd and Nadayu Properties Bhd.
