Johor’s large impending supply to impact rental returns, says Knight Frank
PETALING JAYA (Jan 24): The slowdown in market activity in Johor looked set to continue into 2017, after the market recorded a total of 20,680 transactions and value of RM10.
More pressure on KL, Selangor office sector; retail segment remains weak
PETALING JAYA (Jan 24): The outlook for the Kuala Lumpur and Selangor office markets remain cloudy with no catalyst to boost office demand in the near term, according to real estate firm Knight Frank Malaysia.
90% of Liberty Arc’s Block B and C SoHo units taken up
PETALING JAYA (Jan 24): EcoFirst Consolidated Bhd saw 90% of Block B and C in its Liberty Arc project in Ampang Ukay taken up ahead of the official launch in March.
DPU is down, retail sentiment is down. Why is CapitaLand Mall Trust still a buy?
SINGAPORE (Jan 24): By many accounts, CapitaLand Mall Trust is beginning to buckle at the seams amid the sluggish retail environment characterised by slow tenant sales and low shopper traffic.
Ascott Residence Trust’s 4Q DPU remains flat at 2 Singapore cents
SINGAPORE (Jan 24): Ascott Residence Trust (ART) has posted a distribution per unit (DPU) of 2.
Hong Kong’s high-end rental accommodation remains most expensive in Asia
KUALA LUMPUR (Jan 24): Hong Kong remains the most expensive location in Asia for high-end rental accommodation since 2013, according to ECA International’s Accommodation Survey.
Banyan Tree forms JV with Vanke to consolidate China assets
SINGAPORE (Jan 24): Banyan Tree Holdings and China Vanke Co have agreed to create Banyan Tree China (BTC), a new joint venture between Banyan Tree and Vanke, to consolidate the ownership of Banyan Tree-branded hotels and assets in China.
Tasco buys Pulau Indah land, cold storage firm
KUALA LUMPUR (Jan 24): Logistics firm Tasco Bhd is buying six leasehold tracts in Selangor's Pulau Indah and 100% stake in cold storage firm Mils Gold Chain Logistics Sdn Bhd to expand the buyer's capacity.
Tower REIT’s 4Q2016 net property income drops 31.9%
KUALA LUMPUR (Jan 24): Tower Real Estate Investment Trust (REIT) reported a 31.
Waterside Residence at The Light, Penang sees good take-up
PETALING JAYA (Jan 24): IJM Land Bhd, the property development arm of IJM Corp Bhd has seen 70% of its Waterside Residence at The Light in Penang taken up over its launch last weekend.
