Promising outlook on Penang property market
PETALING JAYA (April 26): Despite its weak performance last year, Penang's property market outlook is still promising, according to the National Property Information Centre (Napic).
Hektar REIT eyeing malls in second-tier cities
KUALA LUMPUR (April 26): Hektar Real Estate Investment Trust (REIT), which expects to maintain its distribution per unit (DPU) at 10.
Pahang Crown Prince plans to privatise Tanah Makmur
KUALA LUMPUR (April 26): The Crown Prince of Pahang, Tengku Abdullah Sultan Ahmad Shah, together with parties acting in concert (PAC) with him who collectively have a 69.
Gabungan AQRS gets new CEO in line-up changes
KUALA LUMPUR (April 26): Gabungan AQRS Bhd made several changes to its management line-up yesterday, with its major shareholder and chief executive officer (CEO) Ng Chun Kooi, 55, redesignated as the company’s executive vice-chairman.
REITs outperform FBM KLCI in April
Real estate investment trust sector Maintain neutral: Recently, we met up with management of several real estate investment trust (REIT) companies under our coverage and they reiterated their cautious view on the overall operating environment amid subdued consumer sentiment.
HSR to be ready by 2027, construction to take seven years
Construction sector Maintain “overweight”: A local business daily reported that the Kuala Lumpur high speed rail (HSR) project will commence operations in 2027 from its initial target of 2020.
Owner of Kedah’s Aman Central mall said to be looking for a buyer
PENANG-BASED property developer Belleview Sdn Bhd is said to be seeking a buyer for its Aman Central shopping mall in Alor Setar, Kedah.
Purcon lines up projects with GDV of RM400m
ENGINEERING company Purcon Group formed its property development arm eight years ago, when it already had 30 years of experience in construction under its belt.
EPF to buy 80% of MRCB’s ‘exchange’ land in privatisation of Bukit Jalil sports complex
KUALA LUMPUR (April 25): Malaysian Resources Corp Bhd (MRCB) said the Employees Provident Fund (EPF) has offered to acquire an 80% interest in ‘exchange’ land that the company will be receiving under the National Sports Complex privatisation project, for RM421.
S P Setia to launch Setia Eco Templer in May
RAWANG (April 25): S P Setia Bhd plans to launch the first phase of Setia Eco Templer in the first week of May, said president and CEO Datuk Khor Chap Jen.
