KUALA LUMPUR (March 20): Real estate investment trusts (REITs) led losses across Bursa Malaysia’s sectoral indices on Thursday (March 19), as sentiment turned sour following the government’s move to remove a decade-long preferential tax treatment on REIT distribution.
KUALA LUMPUR (March 20): Property developer Rivertree STF Synergies Bhd (KL:RSSB) plans to diversify into the management of centralised labour quarters to reduce overall earnings volatility, it said in a bourse filing on Thursday.
Hampshire Residences, Kuala Lumpur condo unit rented for RM8.
PETALING JAYA (March 19): Malaysia’s property sector recorded transaction values of RM241.
Cheras offers a strong balance of urban convenience, relative affordability, and community appeal for its denizens.
KUALA LUMPUR (March 19): The Federal Land Development Authority (Felda) and the Terengganu state government on Wednesday signed a settlement agreement to streamline the land ownership status of commercial plantations in six districts in the state.
KUALA LUMPUR (March 19): Malaysia has stopped giving preferential rates for the withholding tax on dividends from real estate investment trusts (REITs) or property trust funds (PTFs), a government notice showed.
KUALA LUMPUR (March 19): Binastra Corp Bhd (KL:BNASTRA) is in a favourable position to secure subsequent phases of its recent Subang Sentral contract win, potentially adding RM600 million to RM700 million to its order book due to its position as the main contractor, according to analysts.
KUALA LUMPUR (March 19): Wentel Engineering Holdings Bhd (KL:WENTEL) has proposed to acquire two medium industrial semi-detached factory units in Johor for RM29.
KUALA LUMPUR (March 19): Glomac Bhd's (KL:GLOMAC) net profit nearly tripled in its third financial quarter, on improved contribution from its property development business amid increased activities.
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