PavREIT to see rerating, driven by Extension asset-injection plan
Pavilion Real Estate Investment Trust (REIT) (June 24, RM1.
PAC to summon Mara over Melbourne property buy, says Nur Jazlan
KUALA LUMPUR (June 23): The Public Accounts Committee (PAC) has asked Majlis Amanah Rakyat (Mara) to explain its overpriced purchase of an apartment block in Melbourne, Australia, its chairman Datuk Nur Jazlan Mohamed said.
KSL to start construction of second mall by end-2015
KUALA LUMPUR (June 23): Johor-based property developer KSL Holdings Bhd plans to start the construction of KSL City Mall 2, expected to be one of the largest shopping malls in Klang, by the end of 2015.
Strong demand for affordable housing in Penang, says analyst
GEORGE TOWN (June 23): The demands for affordable housing priced between RM200,000 and RM400,000 remained high, so there is no danger of oversupply anytime in the future, said Raine & Horne International Zaki + Partners Sdn Bhd’s senior partner Michael Geh (pictured).
‘Top’ Mara official, two others, linked to RM65 mil Melbourne property scam, says The Age
KUALA LUMPUR (June 23): A “top” Mara officer, senior official and former politician have allegedly spent millions of government funds to buy an apartment block in Melbourne in a property scam, The Age newspaper said today.
Eco World ready to replicate S P Setia’s success story
Eco World Development Group Bhd (June 22, RM1.
PROPERTY SNAPSHOT What’s affordable in Sentul?
• While the urban renewal of Sentul has been receiving much attention, the neighbourhood is still predominantly a low-to-middle cost market.
Axis-REIT, Haisan enter into RM46 mil sale and leaseback agreement for Port Klang property
KUALA LUMPUR (June 22): Axis REIT Managers Bhd (ARMB), the manager of Axis Real Estate Investment Trust (Axis-REIT), is acquiring an industrial facility in Port Klang, Selangor from Haisan Resources Bhd for RM46 million cash on an acquisition and leaseback arrangement.
1MDB begins request for proposal process for Bandar Malaysia
KUALA LUMPUR (June 22): 1Malaysia Development Bhd (1MDB) said the request for proposal (RFP) process for its Bandar Malaysia development here has begun, with its wholly-owned subsidiary 1MDB Real Estate Sdn Bhd (1MDB RE) calling for development partners.
