MoF may have bought 51% stake in TRX office tower developer, say sources
PETALING JAYA (Jan 6): The Minister of Finance (MoF) is believed to have acquired a 51% stake in Mulia Property Development Sdn Bhd, which is developing The Exchange 106 skyscraper — poised to be the tallest building in Southeast Asia — at the Tun Razak Exchange in Kuala Lumpur .
AMMB ends JV with ARA Asset, inks deal with Amcorp Prop to manage REIT
KUALA LUMPUR (Jan 5): AMMB Holdings Bhd is terminating its joint venture with Singapore-based ARA Asset Management (Malaysia) Ltd, and is instead signing a new agreement with Amcorp Properties Bhd to manage its real estate investment trust.
Savills: Properties increasingly assessed by MRT station proximity
KUALA LUMPUR (Jan 3): As the Mass Rapid Transit (MRT) line is rapidly gaining wide acceptance and changing commuter patterns, properties will increasingly be assessed by the distance from the stations, said Savills Malaysia Sdn Bhd (Savills) managing director Datuk Paul Khong.
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Savills: TRX poised to be Malaysia’s most successful commercial development
KUALA LUMPUR (Jan 3): The Tun Razak Exchange (TRX) is set to be the most successful master-planned development in 2018, said Savills Malaysia Sdn Bhd (Savills) managing director Datuk Paul Khong.
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Malaysia tops Southeast Asia as new retail expansion market
KUALA LUMPUR (Jan 3): Malaysia is the most attractive place for retail brands to expand into Southeast Asia, thanks to its strategic location, low taxes, and barriers to entry compared with other countries in the region, said Savills Malaysia Sdn Bhd (Savills) deputy executive chairman Allan Soo.
MCT rises 1.81% after Ayala unit ups stake to 50.2%
KUALA LUMPUR (Jan 3): MCT Bhd rose as much as 1.
Ayala unit ups stake in MCT to 50.2%, expected to make offer for remaining shares
KUALA LUMPUR (Jan 2): MCT Bhd’s major shareholder Regent Wise Investment Ltd is raising its shareholding in the company to 50.
Market settling into a new normal, says JPPH DG
PETALING JAYA (Dec 28): While the property market has remained soft in 2017, Valuation and Property Services Department (JPPH) director-general Nordin Daharom believes the market is still holding up as transactions are still taking place.
Malaysia’s tallest building to be completed in 2Q18
PETALING JAYA (Dec 21): The Exchange 106 at Tun Razak Exchange is poised to be Malaysia’s tallest building once it is completed in 2Q18, according to the New Straits Times.
