UOA REIT in acquisition mode

KUALA LUMPUR (May 13): Almost a year after the RM120 million disposal of Wisma UOA Pantai, UOA Real Estate Investment Trust (REIT) is on the lookout for fresh assets to add to its portfolio.

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Zeti: Market needs more affordable housing

  SHAH ALAM (May 11): The market is never short of commercial and luxury properties and it needs more affordable housing to balance the oversupply situation, said Sime Darby Property Bhd chairman Tan Sri Dr Zeti Akhtar Aziz.

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Plaza Rakyat project to restart soon

  Work on the long-abandoned Plaza Rakyat project in Jalan Pudu, Kuala Lumpur is expected to begin soon, A 43% stake in the developer - Profit Consortium Sdn Bhd is being bought by China-based Guangzhou Xu Zhuo Enterprise Management Co Ltd, who are expected to pay the outstanding debt due to Kuala Lumpur City Hall (DBKL) “The Plaza Rakyat project is being taken over by a new consortium, which finalised its takeover at end-March.

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