KIP REIT reports marginal NPI growth for 1Q
KUALA LUMPUR (Oct 16): KIP Real Estate Investment Trust (REIT) announced a marginal 3.
Ideal shareholders to inject assets of RM353m
KUALA LUMPUR (Oct 16): Ideal United Bintang International Bhd’s (IUBI) substantial shareholders Tan Sri Ooi Kee Liang and his spouse Puan Sri Phor Li Wei plan to inject their three private property companies into the group to bolster its current portfolio of development projects and enhance its profile as a property developer by participating in more profitable projects.
International cooperation expected in 1MDB investigation
KUALA LUMPUR (Oct 16): The nations approached by Malaysia to assist in the 1Malaysia Development Bhd (1MDB) investigation are expected to extend their cooperation as it is not a political decision, said Datuk Seri Anwar Ibrahim.
HBA tells Rehda to redefine affordable housing – report
PETALING JAYA (Oct 15): The National House Buyers Association (HBA) has called upon the Real Estate and Housing Developers Association (Rehda) to redefine its “outright unrealistic” definition of affordable housing, according to a New Straits Times report.
S P Setia confident in Melbourne property market demand
MELBOURNE (Oct 15): S P Setia Bhd is optimistic about the property demand in Melbourne, Australia, as the population of one of the world’s most liveable cities continues to rise and is expected to surpass that of New South Wales’ capital city, Sydney, in the next decade, said the company president and CEO Datuk Khor Chap Jen.
No Cabinet post discussed, says Anwar
KUALA LUMPUR (Oct 15): Datuk Seri Anwar Ibrahim, who was sworn in as member of Parliament for Port Dickson today, said there has been no talk about him being appointed to the Cabinet.
Najib seeks donations to fund legal battles
PETALING JAYA (Oct 15): Embattled former Prime Minister Datuk Seri Najib Razak is seeking donations from the public to fund his family's legal battles.
MRCB balance sheet seen to improve further in 2H
Malaysian Resources Corp Bhd (Oct 12, 72 sen) Maintain buy with a target price of 98 sen: Malaysian Resources Corp Bhd’s (MRCB) balance sheet is expected to improve further in second half of financial year 2018 (2HFY18) with earnings enhancement largely due to the disposal of land in Kia Peng, Kuala Lumpur, which is to be concluded in the third quarter of FY18, and significant deleveraging expected from the disposal of its two key non-core assets — the Eastern Dispersal Link (EDL) with an outstanding debt of RM1.
Introduction of new taxes could further impact property sector, says TA Securities
KUALA LUMPUR (Oct 15): Any introduction of new taxes — such as the inheritance tax and capital gain tax — could weigh on house buyers and investor sentiment, further impacting the property sector which has already been plagued by affordability and strict lending issues, according to TA Securities.
