CBRE|WTW Penang: BKIP gains momentum
KUALA LUMPUR (Jan 17): The industrial sector of Penang is expected to extend south to the locality of Byram Estate as momentum is gaining in Batu Kawan Industrial Park (BKIP), according to CBRE|WTW.
CBRE|WTW: Flattish Malaysian property market for 2018, no housing bubble
KUALA LUMPUR (Jan 17): The property market in Malaysia is expected to remain flattish for the rest of 2018, according to property consultancy CBRE|WTW Malaysia.
SERC: Cautious but positive outlook for property sector in 2018
KUALA LUMPUR (Jan 17): The Socio-Economic Research Centre (SERC) expects the property market to perform better this year on the back of stronger economic indicators and consumer sentiment.
Eversendai bags two contracts worth RM272m for structural steel works
KUALA LUMPUR (Jan 17): Eversendai Corp Bhd, through its wholly-owned subsidiary Eversendai Engineering LLC Dubai (EVS DUBAI), has bagged two contracts worth RM272 million for the structural steel works for One Za'abeel mix-used development and the Address Tower Residence IL Primo luxury high end residential tower.
CIMB Research optimistic on YTL Corp securing HSR contract
KUALA LUMPUR (Jan 17): Following YTL Corp Bhd emerging as one of the five known joint venture (JV) consortiums bidding for the project delivery partner (PDP), operating company (OpCo) and assets company (AssetsCo) tenders for the Kuala Lumpur-Singapore high-speed rail (HSR), CIMB Research views this positively as it could increase its chances of securing an HSR contract.
Vertice falls as much as 8.82% on denying involvement in Penang mega project
KUALA LUMPUR (Jan 17): Vertice Bhd, formerly known as Voir Holdings Bhd, fell as much as 8.
Pavilion REIT warns of OPR hike effect
KUALA LUMPUR (Jan 17): The central bank’s widely anticipated increase in key interest rate will have an impact on Pavilion Real Estate Investment Trust’s (Pavilion REIT) borrowing costs, said Pavilion REIT Management Sdn Bhd chief executive officer Philip Ho.
Sime Darby Property to launch 1,000 affordable units this year
SHAH ALAM (Jan 17): Sime Darby Property (SD Property) plans to launch about 1,000 affordable apartment units this year under the Selangor government’s housing programme, Rumah Selangorku, by mid-2018, according to managing director (MD) Datuk Seri Amrin Awaluddin.
DBKL to impound PPR homes of tenants throwing objects from higher floors
PETALING JAYA (Jan 17): Following the tragic death of a 14-year-old who was struck by a falling chair thrown off the higher floors of a Pantai Dalam public housing scheme, Dewan Bandaraya Kuala Lumpur (DBKL) will impound the homes of residents caught littering or tossing objects from higher floors.
