Sunway REIT’s 2Q property income up 11.9%, declares 2.57 sen DPU
KUALA LUMPUR (Jan 28): Sunway Real Estate Investment Trust’s (Sunway REIT) net property income (NPI) for the second quarter ended Dec 31, 2015 (2QFY16) came in at RM97.
KWAP buys KL land for RM140 mil, with potential GDV of RM780 mil
KUALA LUMPUR (Jan 28): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has acquired a piece of land from the federal government in Persiaran Stonor here for RM140 million or RM2,578 per sq ft (psf).
Stagnant market in Penang keeps price growth minimal in 3Q
MOVEMENT in values in Penang’s secondary residential market remained stagnant this year due to a lack of transactions, says Raine Horne International Zaki + Partners Sdn Bhd senior partner Michael Geh.
PROPERTY SNAPSHOT 4: What’s hot in Mainland Penang?
• Today, we look at price growth and indicative asking rental yields for non-landed residences in Mainland Penang.
KL City Hall says development approval process simplified
KUALA LUMPUR (Jan 27): Kuala Lumpur City Hall today announced a new service it said would simplify the process of obtaining development approvals in the Greater KL area.
PJ City Council promises action on one-way loop congestion
PETALING JAYA (Jan 27): Petaling Jaya City Council (MBPJ) has promised to take action to solve traffic congestion woes on the Petaling Jaya One Way Loop (OWL) system.
Sale of retail space, demand of logistic space expected to increase in Europe, says Savills
KUALA LUMPUR (Jan 27): The sale of retail portfolios and demand for logistic space is expected to increase in Europe this year, said global property services firm Savills in a briefing note entitled “Themes for European property in 2016” released this month.
SCH banks on highway job to soften impact of slowing property market
KUALA LUMPUR: Quarry equipment distributor SCH Group Bhd’s revenue may decline 20% in the current financial year ending Aug 31, 2016 (FY16) due to the property market slowdown, according to its managing director cum deputy chairman Lau Mong Ling.
Property prices will not drop despite current slowdown — MKH
KUALA LUMPUR: Property prices are sticky down despite the current slowdown, according to MKH Bhd group managing director Tan Sri Eddy Chen.
Selangor Dredging buys land in Ulu Klang for RM450m project
KUALA LUMPUR: Selangor Dredging Bhd (SDB) is proposing to develop 588 units of residential properties with a gross development value of RM450 million on two pieces of land it is acquiring in Ulu Klang, Selangor.
