MARC removes WCT from watch list
KUALA LUMPUR (Feb 3): Malaysian Rating Corp Bhd (MARC) has removed the rating on WCT Holdings Bhd’s RM2.
10th Malaysian Property Summit to focus on sustainability of property market
PETALING JAYA (Feb 3): Rising interest rates in the US have sparked concerns that it will impact the rest of the world including Malaysia’s property sector.
DONE DEAL: Light industrial lot in Bayan Lepas, Penang
Rented for: RM20,000 a month Concluded by: Jerome Eng Sitt Tatt (E 2316) of CBD Properties (Penang) Sdn Bhd (012-419 9298) When: October 2016 Noteworthy: ● Leasehold ● 1.
Berjaya Land buys 0.9% stake in 7-Eleven Malaysia
KUALA LUMPUR (Feb 2): Berjaya Land Bhd has acquired 10 million shares or a 0.
Sime Darby restructure could lead to de-rating
KUALA LUMPUR (Feb 2): Sime Darby Bhd’s restructuring plan to create three stand-alone businesses in the plantation, property as well as trading and logistics sectors could lead to a potential de-rating of the stock, say analysts.
IHH Healthcare unit to buy freehold land, private hospital in Manjung
IHH Healthcare Bhd (Jan 31, RM6.
Overlooked corner of Singapore — Moonstone Lane, St Michael’s area
WHEN Malaysia-listed developer Selangor Dredging Bhd (SDB) announced early last month that it was buying a freehold site in Serangoon Road from National Aerated Water Company for S$47 million, it brought attention to a neighbourhood off Serangoon Road that has been overlooked for some years.
MUFI building America’s first sustainable urban ‘agrihood’
THE Michigan Urban Farming Initiative (MUFI) is developing America’s first sustainable urban “agrihood” in Detroit’s lower North End, with agriculture as the foundation of a mixed-use development.
Penang residential estate market remains lacklustre
PETALING JAYA (Feb 1): The general performance and outlook for the property market in Penang is still lacklustre as both economic conditions and general public sentiments are down, said real estate firm Knight Frank Malaysia in its “Real Estate Highlights 2H2016” report.
