Magna Prima’s land buy: Above market value, but deemed fair and reasonable
KUALA LUMPUR (Sept 7): Magna Prima Bhd’s proposed acquisition of 5.
Kuala Lumpur slips three spots to No. 20 in PwC's 'Cities of Opportunity' rankings
KUALA LUMPUR (Sept 7): Kuala Lumpur slipped three spots to 20th out of 30 leading cities globally in this year’s "Cities of Opportunity" benchmarking, developed by PricewaterhouseCoopers (PwC), released today.
BNM stands pat on key interest rate at 3%
KUALA LUMPUR (Sept 7): As expected, Bank Negara Malaysia (BNM) today kept its key policy rates unchanged at 3%.
AmInvest wants to increase exposure to REITs but rates M'sia as underweight
KUALA LUMPUR (Sept 7): AmFunds Management Bhd, or more commonly known as AmInvest, has rated Malaysia's real estate investment trust (REIT) as "underweight", despite seeking to double its investment to RM500 million in that asset class by next March.
L&G to launch properties worth over RM1.6 bil in next six months
KUALA LUMPUR (Sept 7): Land & General Bhd (L&G) is aiming to launch projects worth more than RM1.
Singapore's Grade A office fears unfounded
SINGAPORE (Sept 7): Healthy interest for new office buildings is allaying fears over Grade A office rents crashing and that new office supply will not be absorbed, according to a Monday sector note by DBS Vickers.
Why Singapore investors continue to hide under REITs
SINGAPORE (Sept 7): CIMB Research is keeping its “overweight” rating on Singapore’s property segment given that investors are still seeking shelter in yield.
Construction of Felda housing project to begin soon
KUALA LUMPUR (Sept 7): The Federal Land Development Authority (Felda) will start the construction of single-storey terraced homes under the Felda New Generation Housing programme in about one or two months, said chairman Tan Sri Mohd Isa Abdul Samad, according to a Bernama report yesterday.
Eversendai’s outlook looks ‘neutral’
Eversendai Corp Bhd (Sept 6, 47 sen) Maintain outperform call with a lower target price of 63 sen: We attended Eversendai Corp Bhd’s briefing and came away feeling “neutral” on its outlook.
Room for another key rate cut by Bank Negara, say economists
KUALA LUMPUR (Sept 7): Although the central bank’s governor indicated in July that the Bank Negara Malaysia (BNM) has no plans to cut the key rate further in the next few monetary policy meetings this year, economists argue there is still room for another round of easing.
