News about i

PETALING JAYA (July 16): Sunway Bhd is mulling a bigger stake in its joint venture (JV) projects with Singaporean developer Hoi Hup Realty Pte Ltd on the island republic, said Sunway’s deputy managing director of the property development division for Malaysia and Singapore Tan Wee Bee.

SINGAPORE (July 15): Singapore and Malaysia will sign a Memorandum of Understanding on the High-Speed Rail (HSR) project linking Kuala Lumpur with Singapore next Tuesday, said Channel NewsAsia in a Bernama report.

SINGAPORE (July 15): Manulife US REIT has secured mortgage loan facilities from Wells Fargo Bank and National Association Royal Bank of Canada for US$296 million (RM1.

KUALA LUMPUR (July 15): IOI Properties Group Bhd’s joint venture with Singapore-listed developer City Developments Ltd — South Beach Consortium Pte Ltd — recently announced its collaboration with Marriott International to launch the JW Marriott Hotel Singapore South Beach.

KUALA LUMPUR (July 15): Bank Negara Malaysia’s (BNM) unexpected overnight policy rate (OPR) cut signalled possible easing measures for the property segment going forward, as the 25 basis points (bps) reduction from 3.

KUALA LUMPUR (July 15): Real estate investment trust (REIT) prices rose in early trades on Bursa Malaysia yesterday following Bank Negara Malaysia’s move to cut the overnight policy rate (OPR), but pared gains in the afternoon.

KUALA LUMPUR (July 15): Malaysian real estate investment trusts (REITs) may soon be able to buy vacant land and engage in property development activities if a new proposal by the Securities Commission Malaysia (SC) garners positive response.

Property sector (July 14) Maintain neutral: Bank Negara Malaysia (BNM) has cut its overnight policy rate by 25 basis points (bps) to 3%.

M-REIT sector Upgrade to overweight: Much to our surprise, Bank Negara Malaysia (BNM) cut the overnight policy rate (OPR) by 25 basis points to 3% and we believe this will continue to spur the market to move into yield assets, and Malaysian real estate investment trusts (M-REITs) are often the darling of equity investors during monetary easing due to their stability and high-yielding nature, despite the average yield being compressed to 6.

PETALING JAYA (July 15): Judges for the S P Setia Bhd and TheEdgeProperty.