DBE Gurney to beef up affordable housing arm

KUALA LUMPUR (July 14): DBE Gurney Resources Bhd, soon to be known as Lagenda Properties Bhd, will be significantly scaling up its affordable housing development arm by acquiring the developer of two housing projects.

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Pandemic puts downward pressure on office rents and occupancy

KUALA LUMPUR (July 14): Knight Frank Malaysia expects the Covid-19 pandemic to exert downward pressure on rental and occupancy levels in the oversupplied Klang Valley office market as the gap between supply and demand continues to widen amid weaker office demand and shrinking pool of tenants, it said in its latest Real Estate Highlights for 1H2020.

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AEON BiG Subang HQ sealed after failing to pay RM140m judgment sum

KUALA LUMPUR (July 14): Japanese retailer AEON BiG (M) Sdn Bhd’s headquarters in Subang, Selangor has been sealed in accordance with a writ of seizure and sale obtained by the bailiff of the court against AEON BiG for failure to settle a judgment sum of over RM140 million after the service of judgment on them.

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