Tan Chong completes RM148.8m Jalan Putra land disposal in Kuala Lumpur
PETALING JAYA (March 27): Tan Chong Motor Holdings Bhd (Tan Chong Motor) has officially completed the RM148.
Exsim Hospitality seeks to diversify into construction, procurement businesses
PETALING JAYA (March 27): Exsim Hospitality Bhd is seeking shareholder approval to diversify its existing business to include construction works and centralised procurement activities, according to a circular issued today (March 27).
Zenia: The Maiden Residential Launch of ParkCity Damansara
Situated within the Kwasa Damansara precinct, ParkCity Damansara occupies a strategic position in a mature and well-established part of Petaling Jaya.
OCR to acquire 49% stake in property consultancy firm via share issuance
KUALA LUMPUR (March 26): OCR Group Bhd (KL:OCR) is planning to acquire a 49% stake in Chester Properties Sdn Bhd, a property and investment consultancy firm, through the issuance of new shares.
Taman Kolam Air, Johor semi-detached house sold for RM950k | DONE DEAL
Kemensah Residency, Selangor bungalow sold for RM3.
REITs face near-term volatility as new tax regime takes effect
KUALA LUMPUR (March 24): The removal of a longstanding tax concession on real estate investment trusts (REITs) is expected to trigger near-term repricing across the sector, as investors adjust to a new regime that reshapes after-tax returns.
Penang CM says will submit report on quit rent hike to DAP sec-gen
GEORGE TOWN (March 23): Penang Chief Minister Chow Kon Yeow (pictured) will prepare a report to be submitted to DAP secretary general Anthony Loke regarding the implementation of new quit rent (land tax) rates, which came into effect on Jan 1 in the state.
Penthouse at Aman Residences Dubai sold for AED422m, despite regional tensions
SINGAPORE (March 10): A penthouse at Aman Residences Dubai, a luxury residential development in the Jumeirah Peninsula in the UAE, was sold for AED422 million (RM452.
REIT index hits three-month low after Malaysia ends decade-long withholding tax perk
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.
Berjaya Property appoints Johor princess Tunku Aminah as chairman after more than two years of vacancy
KUALA LUMPUR (March 20): Berjaya Property Bhd (KL:BPROP), formerly Berjaya Land Bhd, has appointed Johor princess Tunku Tun Aminah Sultan Ibrahim as its new non-independent non-executive chairman, filling a role that had been vacant for more than two years.
