IJM Land to launch Phase 2 of Rimbun Vista this September
PETALING JAYA (Aug 3): IJM Land Bhd will be launching the second phase of Rimbun Vista (3A2) at S2 Heights, Seremban 2 later this September, said its managing director Edward Chong.
Malaysian houses priced up to RM165,060 'considered affordable', says Finance Ministry
KUALA LUMPUR (Aug 3): Malaysian houses priced up to RM165,060 each are "considered affordable" to the median Malaysian household, but only 21% of housing launches in the country were priced below RM250,000 in 2014.
M-REIT managers welcome SC’s planned amendments to REIT guidelines
KUALA LUMPUR (Aug 3): The Malaysian REIT Managers Association (MRMA) welcomes the proposed amendments to the Guidelines on Real Estate Investment Trusts (REITs Guidelines) issued by the Securities Commission Malaysia (SC), through the Public Consultation Paper No.
MQREIT 2Q NPI up 5.7% on higher income from Platinum Sentral
KUALA LUMPUR (Aug 3): MRCB-Quill REIT’s (MQREIT) net property income (NPI) for the second quarter ended June 30, 2016 grew 5.
KLCC Stapled’s distributable income rises 3.8%, pays 8.6 sen distribution
KUALA LUMPUR (Aug 3): KLCC Stapled Group, comprising KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), recorded a total realised distributable income of RM167.
TSR aims to secure 10% of jobs tendered
KUALA LUMPUR (Aug 3): TSR Capital Bhd, which currently has an order book of RM800 million, is tendering RM5 billion worth of construction projects, including the Damansara-Shah Alam Elevated Expressway, Sungai Besi-Ulu Klang Elevated Expressway, and mass rapid transit and light rail transit 3 projects.
KL airbase relocation works give TRX City a boost
TRX City Sdn Bhd (formerly known as 1MDB Real Estate Sdn Bhd) saw a net profit of RM380.
Staying ahead during challenging times
THE slowdown in the property market is not news to developers and the public.
Penang proposing rent control on pre-war buildings at Unesco heritage site
GEORGE TOWN (Aug 2): The Penang government is proposing a rent control policy for pre-war buildings after numerous complaints from business operators in the George Town Unesco World Heritage Site over excessive rental hikes, Bernama reported today.
Frasers Centrepoint adds to prime industrial site in Australia
SINGAPORE (Aug 2): Frasers Centrepoint Ltd’s Australian unit, Frasers Property Australia (formerly Australand), on Tuesday announced it is acquiring a 10ha site adjacent to its Eastern Creek Business Park in western Sydney.
