Final tower of Lakeville Residence 92% booked over the weekend
KEPONG (July 18): Property developer Mah Sing Group Bhd’s latest launch of Lakeville Residence saw a 92% booking rate over the weekend, the group announced in a press release.
AmBank, Advelsoft to offer customers access to online bill payments
KUALA LUMPUR (July 18): AmBank (M) Bhd has teamed up with Advelsoft (M) Sdn Bhd to provide bank customers with JomPAY, a platform to make online bill payments for monthly management fees for condominiums and apartments.
Naza TTDI to launch RM1.4b worth of projects in 2H
KUALA LUMPUR (July 18): Naza TTDI Sdn Bhd plans to launch projects worth RM1.
Manulife US REIT secures new loan; distributions to increase
SINGAPORE (July 15): Manulife US REIT has secured mortgage loan facilities from Wells Fargo Bank and National Association Royal Bank of Canada for US$296 million (RM1.
IOI Properties unveils JW Marriot Hotel in Singapore
KUALA LUMPUR (July 15): IOI Properties Group Bhd’s joint venture with Singapore-listed developer City Developments Ltd — South Beach Consortium Pte Ltd — recently announced its collaboration with Marriott International to launch the JW Marriott Hotel Singapore South Beach.
Possible easing measures for property sector after OPR cut, say analysts
KUALA LUMPUR (July 15): Bank Negara Malaysia’s (BNM) unexpected overnight policy rate (OPR) cut signalled possible easing measures for the property segment going forward, as the 25 basis points (bps) reduction from 3.
SC seeks to relax REIT rules
KUALA LUMPUR (July 15): Malaysian real estate investment trusts (REITs) may soon be able to buy vacant land and engage in property development activities if a new proposal by the Securities Commission Malaysia (SC) garners positive response.
BNM’s decision positive for sentiment on property
Property sector (July 14) Maintain neutral: Bank Negara Malaysia (BNM) has cut its overnight policy rate by 25 basis points (bps) to 3%.
