Guocoland's 2Q profit lower on absence of land sale proceeds
KUALA LUMPUR (Jan 26): Guocoland (M) Bhd, the property arm of Hong Leong Group, saw its net profit for the second quarter ended Dec 31, 2017 (2QFY18) contract to RM965,000 from RM110.
Office assets seen to sustain KLCCP Stapled Group profit
KLCCP Stapled Group (Jan 25, RM7.
Gamuda Land to launch first non-landed residences at twentyfive.7 by mid-2018
KOTA KEMUNING (Jan 26): Gamuda Land is looking to officially launch the first non-landed homes, The Amber Residence, in its twentyfive.
CMMT’s Sungei Wang asset enhancement seen as a positive
CapitaLand Malaysia Mall Trust (Jan 25, RM1.
Federal govt proposes lower mortgage interest rate despite higher OPR
PETALING JAYA (Jan 26): The federal government will propose a lower mortgage interest rate to Bank Negara Malaysia despite the central bank raising the overnight policy rate (OPR) by 25 basis points to 3.
Pavilion REIT achieves 16% growth on 4Q net property income
KUALA LUMPUR (Jan 25): Pavilion Real Estate Investment Trust’s (Pavilion REIT) net property income (NPI) grew 16% to RM89.
Jaya Grocer to open another five stores this year
KUALA LUMPUR (Jan 25): Trendcell Sdn Bhd, which operates supermarket chain Jaya Grocer, plans to open five new stores across the country this year to take the total store count to 27.
Airbnb to continue working closely with Malaysian authorities on short-term rental framework
PETALING JAYA (Jan 25): Short-stay leasing platform Airbnb (pictured) said it will continue to work closely with the relevant authorities to craft and implement clear and fair regulations governing short term rentals in Malaysia, it said in a statement today.
Genting says to turn former Miami Herald site into event venue
KUALA LUMPUR (Jan 25): Genting Group unit Resorts World Miami will use the former Miami Herald site in the US state of Florida as an event venue after Resorts World Miami signed a multi-year deal with Miami-based Loud and Live.
