Hektar REIT chairman Jaafar passes away
KUALA LUMPUR (Jan 25): Hektar Real Estate Investment Trust (REIT) announced yesterday to Bursa Malaysia that its non-executive chairman Datuk Jaafar Abdul Hamid (pictured) has passed away.
CMMT sees rental pressure remaining in near term
KUALA LUMPUR (Jan 25): The downward pressure on rental in shopping malls will remain in the near term as more shopping space comes into the market, according to Low Peck Chen (pictured), the chief executive officer (CEO) of Capitaland Malaysia Mall REIT Management Sdn Bhd (CMRM), the manager of Capitaland Malaysia Mall Trust (CMMT).
Singapore top gains and losses in 2016
AS the proportion of unprofitable property transactions surged from 9% (508 out of 5,433 matched transactions) in 2015 to 17% (1,002 out of 5,924 matched transactions) in 2016, the losses incurred by sellers climbed 62% from S$161 million to S$260 million over the same period.
Kajang’s Country Heights to see its ‘first high-rise, mixed development’
THE Klang Valley has seen a slew of new landmarks and hangout spots such as the Empire Shopping Gallery, The Curve, and The Gardens over the past two decades.
Johor’s large impending supply to impact rental returns, says Knight Frank
PETALING JAYA (Jan 24): The slowdown in market activity in Johor looked set to continue into 2017, after the market recorded a total of 20,680 transactions and value of RM10.
More pressure on KL, Selangor office sector; retail segment remains weak
PETALING JAYA (Jan 24): The outlook for the Kuala Lumpur and Selangor office markets remain cloudy with no catalyst to boost office demand in the near term, according to real estate firm Knight Frank Malaysia.
90% of Liberty Arc’s Block B and C SoHo units taken up
PETALING JAYA (Jan 24): EcoFirst Consolidated Bhd saw 90% of Block B and C in its Liberty Arc project in Ampang Ukay taken up ahead of the official launch in March.
DPU is down, retail sentiment is down. Why is CapitaLand Mall Trust still a buy?
SINGAPORE (Jan 24): By many accounts, CapitaLand Mall Trust is beginning to buckle at the seams amid the sluggish retail environment characterised by slow tenant sales and low shopper traffic.
Ascott Residence Trust’s 4Q DPU remains flat at 2 Singapore cents
SINGAPORE (Jan 24): Ascott Residence Trust (ART) has posted a distribution per unit (DPU) of 2.
Banyan Tree forms JV with Vanke to consolidate China assets
SINGAPORE (Jan 24): Banyan Tree Holdings and China Vanke Co have agreed to create Banyan Tree China (BTC), a new joint venture between Banyan Tree and Vanke, to consolidate the ownership of Banyan Tree-branded hotels and assets in China.
