WCT says REIT listing may be deferred to 2019

PETALING JAYA (June 6): The planned listing of WCT Holdings Bhd's real estate investment trust (REIT) may be deferred to 2019 pending the outcome of a legal dispute between WCT's indirect wholly-owned subsidiary Gemilang Waras Sdn Bhd and Aeon Co (M) Bhd.

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Exchange 106 required MoF fund injection, says finance minister

PETALING JAYA (June 2): The development of The Exchange 106 (formerly known as Signature Tower) in the Tun Razak Exchange (TRX) international financial district required financing from the Ministry of Finance (MoF), which was not reflective of the 49:51 shareholding structure of the project between the ministry – via its unit MKD Signature Sdn Bhd - and Indonesia’s Mulia Group.

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UEM Sunrise to reconsider plans for Gerbang Nusajaya

KUALA LUMPUR (June 1): UEM Sunrise Bhd, which had in January engaged London-based Atkins as the master planner for Gerbang Nusajaya’s transit-oriented development (TOD) plot, will reconsider its plan following the government’s decision to scrap the Kuala Lumpur-Singapore high-speed rail (HSR) project.

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HSR axing impact on Iskandar Puteri minimal

PETALING JAYA (May 31): The cancellation of the Kuala Lumpur-Singapore high-speed rail (HSR) project will only have a light impact on Iskandar Puteri’s property market in the medium part, as it is only a positive point to upcoming projects in the region.

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DIY or get a pro?

To ensure your property is managed well from day one, should you hire a professional property manager or rely on your own capability to do it? Cost is often a factor when it comes to property management and the lack of funds usually pushes the management corporation (MC) of a strata building to do it on their own.

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