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.
Number of deals to rise as REITs seek to build
MALAYSIAN real estate investment trusts (M-REITs) are touted as safe haven assets for investors seeking safety in dividend yields post-Brexit.
Bank Negara cuts OPR by 25bps for the first time since 2009
KUALA LUMPUR (July 13): Bank Negara Malaysia (BNM) has cut its key interest rate to 3% from 3.
Tensions rise in Singapore suburb over Airbnb rentals
KUALA LUMPUR (July 13): It is the in thing to do these days.
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.
HK apartment project on site 'smaller than a basketball court'
KUALA LUMPUR (July 12): Do you complain about how apartment units are getting increasingly small.
A 3-room house for RM20,000!? No, we are not joking
PETALING JAYA (July 12): The rising price of homes is one of the biggest complaints of Malaysians, especially for city folk.
Brexit raises uncertainty over Amcorp’s sales
Amcorp Properties Bhd (July 8, 87 sen) Downgrade to hold with a target price (TP) of 86 sen: With more than 90% of Amcorp Properties Bhd’s (AmProp) earnings derived from London, we believe Brexit would raise uncertainty over its sales, at least in the near term.
