Low demand to impact businesses
THE Kuala Lumpur office market will remain restrained in the near future despite opportunities for investors, institutional funds and real estate investment trusts.
MRT Corp: Linkways between stations and buildings the responsibility of property owners
PETALING JAYA (Dec 20): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) today explained that the linkways from stations to adjacent privately-owned buildings are supposed to be built by the property owners at their cost and according to their construction schedules This explanation from MRT Corp came about after users of the Sungai Buloh-Kajang (SBK) Line, which commenced operations last Friday (Dec 16), commented that pedestrian linkways were not completed along with the MRT stations.
Phase 1 of Gamuda Land’s Kundang Estates fully sold
PETALING JAYA (Dec 20): Gamuda Land Sdn Bhd, the property arm of Gamuda Bhd, has fully sold out phase 1 of its 90-acre Kundang Estates in Kundang, Selangor during its launch in end-November.
Kiss goodbye to high REIT yields in Singapore
SINGAPORE (Dec 20): DBS Group Research has an “underweight” rating on the Singapore REIT sector as it anticipates four interest rate hikes by the US Federal Reserve in 2017 alone.
BHS Industries hopes for turnaround in FY2017 with GTP Pekan project
KUALA LUMPUR (Dec 20): BHS Industries Bhd is hoping to turn itself around in the financial year 2017 (FY2017) by diversifying into the construction and property business.
O&C Resources jumps 3.75% on RM155 mil PR1MA job
KUALA LUMPUR (Dec 20): O&C Resources Bhd (OCR) shares jumped 3.
‘IGB, EcoFirst to team up for RM400 mil condo’
KUALA LUMPUR (Dec 20): IGB Corp Bhd, the property firm that made its name developing Mid Valley City, is set to team up with EcoFirst Consolidated Bhd to undertake a RM400 million high-end condominium project in Kuala Lumpur next year, according to sources.
Mudajaya secures RM559 mil MRT2 contract
KUALA LUMPUR (Dec 20): Mudajaya Group Bhd has won a RM558.
