ERAT Residence achieves 20% take-up rate since March
ERAT has a gross development value of RM173.
ERAT has a gross development value of RM173.
Malaysian REITs would still leverage on robust domestic spending, lower bond yields and active inorganic growth strategies, according to RHB Investment Bank Bhd.
According to AZRB's bourse filing, Giga Engineering is claiming that its wholly owned Ahmad Zaki Sdn Bhd (AZSB) had failed to settle the sum, which led to the initiation of the winding-up proceedings.
Australia and New Zealand Banking Group (ANZ Research) in a note said BNM has historically only made back-to-back cuts during major shocks such as the Covid-19 pandemic or the Global Financial Crisis.
In today’s fast-moving world, location spells convenience.
“While the domestic economy is on a strong footing, uncertainties surrounding external developments could affect Malaysia’s growth prospects,” BNM said.
Located along the Embassy Row, the project sits 500m from the proposed Tasik Ampang MRT3 Circle Line station and has quick access to Akleh and MRR2.
Residents will be near the township’s 300-acre Central Park and the 2,700-acre Bukit Cherakah Forest Reserve.
The property developer, originally set up in 2013 to focus on foreign projects, in May proposed to change its name after announcing a planned pivot to the Malaysian market.
Tengku Sulaiman, 69, was appointed as executive chairman in February 2003, before being re-designated as non-executive chairman in March 2005.