MREITs may acquire more assets this year
MALAYSIAN real estate investment trusts (MREITs) may step up acquisitions this year as the rental reversion cycle peaked in 2014, which helps with asset valuations said Malaysian REIT Managers Association chairman Datuk Stewart LaBrooy (pictured).
Cost saving, trends to impact office space
In manoeuvring around the slow property market, multinational companies (MNCs) are looking at ways to save cost.
Housing ministry expects budget cuts
KUALA LUMPUR (Jan 14): The Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan has warned that his ministry would most likely to be affected by the impending cut in Budget 2016.
Knight Frank: Sydney set to see strongest growth in prime residential price
KUALA LUMPUR (Jan 14): Sydney is expected to see the strongest prime property price growth in 2016, rising by 10% year-on-year, said global property consultancy Knight Frank in its newly released Prime Cities Forecast Report on 10 global cities.
Building managers can now register with Commissioners of Buildings
PETALING JAYA (Jan 14): Building managers can register themselves with the Commissioners of Buildings (COB) for now, while the Ministry of Urban Wellbeing, Housing and Local Government is working towards the formation of a Board of Building Managers (BBM).
Tower REIT to incorporate RM7.6 mil into its Dec 31, 2015 financial statements
KUALA LUMPUR (Jan 14): Tower Real Estate Investment Trust (REIT) would incorporate RM7.
Bina Puri eyes 20% net profit hike in FY16
KUALA LUMPUR (Jan 14): Bina Puri Holdings Bhd, which is hoping to match its 2015’s order book value of RM1 billion this year, expects its net profit to grow by 20% in the current financial year ending Dec 31, 2016 (FY16), driven by its construction and power business segments.
Heatherwick Studio makes debut in Singapore with NTU learning hub
LAST March, Singapore’s Nanyang Technological University (NTU) opened an eye-catching learning hub conceived by Heatherwick Studio based in Kings Cross, London, and executed by local lead architect CPG Consultants.