Sunway REIT's 3Q NPI up 5.1%, declares 2.37 sen DPU
KUALA LUMPUR (May 4): Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) grew 5.
Best Western Hotels & Resorts sets foot in Nilai
PETALING JAYA (May 2): Best Western Hotels & Resorts has partnered with the Green Target Group to roll out a new hotel named Best Western Mesa Hotel in the latter’s MesaHill development in Nilai, Negeri Sembilan by the first quarter of 2021 (1Q21).
GuocoLand 3Q net profit surges sixfold, lifted by disposal gains
KUALA LUMPUR (April 23): GuocoLand (Malaysia) Bhd reported an almost six-fold increase in its net profit to RM55.
Supply of new hotels on the rise in Malaysia
PETALING JAYA (April 17): Thirty new hotels were completed last year, adding a further 5,777 rooms to the sector in 2017, over 50% more than the 3,733 new rooms introduced in 2016, said the Valuation and Property Services Department’s (JPPH) “Malaysian Property Market Report 2017”.
JLL to launch London’s The Silk District project in KL
KUALA LUMPUR (April 17): London-based property developer Mount Anvil, in a joint venture with London and Quadrant Housing Trust (L&Q), a housing association in the UK, will unveil a new collection of design-led homes in London’s Whitechapel, E1.
Bio Osmo up 40% on proposed hotel buy from major shareholder
KUALA LUMPUR (April 13): Bio Osmo Bhd shares rose as much as two sen or 40% to seven sen on news substantial shareholder Datuk Seri Farouk Abdullah is proposing to inject hotels currently parked under his private vehicles into Bio Osmo under a cash and share deal.
IGB makes Robert Tan its group CEO
KUALA LUMPUR (March 30): IGB Bhd, formerly known as Goldis Bhd, has redesignated its director Datuk Seri Robert Tan Chung Meng as group chief executive officer with immediate effect following the dissolution today of an executive committee established in December 2016.
DONE DEAL: Swiss Garden Residences, Jalan Galloway, KL
Rented for: RM3,000 per month (RM4 psf per month) Concluded by: Meifen Low (REN 06451) of Huttons OneWorld Realty (012-6530714) When: February 2018 Noteworthy: ● 750 sq ft ● High floor ● 2 bedrooms and 2 bathrooms ● Fully furnished ● Managed by Swiss Garden International Hotel ● Located in Kuala Lumpur’s Golden Triangle, within walking distance to Pavilion, Starhill Gallery and many other malls According to Meifen Low, the negotiator who closed the deal, the owner is an investor from East Malaysia who bought the unit many years ago.
Investments into the retail sector to continue in 2018
PETALING JAYA (March 28): A Knight Frank Malaysia survey showed that the retail sector is still the top commercial real estate investment this year among key players in the industry despite an oversupply of retail space in the country.
Rise in average accommodation prices in Malaysia
PETALING JAYA (March 27): Average accommodation prices paid in six prominent travel destinations in Malaysia have increased by 4% to 19% y-o-y in 2017, in line with a global uptrend last year.
