IGB Bhd posts 0.2% rise in 2Q net profit; quarterly revenue up 14.2% on improved performance across all business segments
The commercial segment, via IGB Commercial REIT, saw revenue expand 14.
Housing Development Act to be amended to cover sick commercial projects
The legislation, also known as Act 118, currently does not cover commercial projects such as shop lots and offices, while only regulating residential projects by requiring developers to obtain licences with strict conditions, said Housing and Local Government Minister Nga Kor Ming.
Chin Hin to focus on property development after hiving off commercial vehicle business for RM74 mil
The subsidiaries, which Chin Hin acquired between 2004 and 2015 for a total cost of investment amounting to RM64.
Kundang Jaya: Final shop office phase at 38 D'Laman Kundang
Developed by Tan & Tan Developments Berhad, is the final phase of shop offices in Kundang Jaya offering only 38 units of freehold, 2-storey shop offices designed for high visibility and growth in a rising catchment.
Six business groups urge govt to delay SST expansion, warn of inflation and job losses
They specifically highlighted the proposed 8% tax on commercial rental and leasing services, deeming its timing "gravely misguided".
Malaysian retailers urge MOF to waive or defer SST on commercial rentals
"Defer the SST on rentals until after Visit Malaysia Year 2026 to preserve industry stability and support tourism-linked growth.
Govt considers new law to protect mixed, commercial property buyers
The proposed Real Property Development Act will cover mixed developments, including retail and commercial properties, the Ministry of Housing and Local Government said in a statement over the weekend.
Knight Frank: Malaysia’s high-net-worth individuals drive property market growth amid global rebound
Cross-border capital flows also rose by 12% to US$171 billion, underscoring the international appetite for real estate.
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Upswing in KL's 1H2024 commercial property performance — Napic data
In the first half of 2024, KL's commercial property market witnessed a remarkable surge, with transaction volume increasing by 45.
IGB Commercial REIT buys two office floors in Menara Southpoint from IGB for RM62.4 mil cash
The property comprises two office-suite parcels within Menara Southpoint in Mid Valley City, Kuala Lumpur.
