KUALA LUMPUR (April 15): AmFIRST Real Estate Investment Trust (AmFIRST REIT) has confirmed that it is acquiring a Mydin store in Bukit Mertajam, Penang — its first investment in the north — confirming a report in The Edge Financial Daily published yesterday.
KUALA LUMPUR (April 15): Penang property developer Hunza Properties Bhd announced that a suit brought against it by Loke Wan Yat Realty Sdn Bhd (Loke Realty) would not have any material operational, financial and losses impact on its operations.
KUALA LUMPUR (April 15): The Employees Provident Fund (EPF) is disposing of its One Sheldon Square at Paddington Central in London’s West End — its first property disposal in the United Kingdom — to London-listed British Land Co plc for £210 million (RM1.
KUALA LUMPUR (April 15): Residential properties priced between RM200,000 and RM500,000 will drive demand for housing this year, said Deputy Finance Minister Datuk Chua Tee Yong.
SELANGOR (April 14): The residential property segment continued to drive the national property market, accounting for 64.
KUALA LUMPUR (April 14): In a note today, Maybank IB Research said property transactions in Johor had plummeted 33% q-o-q in 4Q14, underperforming the country (-7%) and other major cities/states such as Kuala Lumpur (-12%), Selangor (+2%) and Penang (+8%).
KUALA LUMPUR (April 14): Sunsuria is enlarging its effective landbank on hand from 4.
KUALA LUMPUR (April 14): AmFIRST Real Estate Investment Trust (AmFIRST REIT) is expected to make its first investment in the north through the acquisition of a retail asset in Seberang Prai, Penang — owned by established multi-format retailer Mydin Mohamed Holdings Bhd — for an estimated RM250 million.
KUALA LUMPUR (April 13): Selangor Dredging Bhd (SDB) is buying three pieces of freehold land in Serdang for RM80 million, which it plans to develop into a low to high-rise residential development.
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