IGB REIT lacks near-term growth catalysts
IGB Real Estate Investment Trust (REIT) (April 20, RM1.
Ceiling price of PR1MA homes remains at RM400,000
KUALA LUMPUR (April 21): PR1MA Corporation Malaysia (PR1MA) said yesterday the ceiling price of its homes remained at RM400,000, despite its joint ventures with private developers to build affordable homes for Malaysians, according to a report by The Malaysian Insider carried by The Edge Financial Daily today.
Positive outlook for Putrajaya’s property market
KUALA LUMPUR (April 21): The property market volume and value of transactions in Putrajaya rose 72.
Sunsuria to buy remaining 50% of Sime Darby Sunsuria Development for RM173.4 mil
KUALA LUMPUR (April 20): Sunsuria Bhd has proposed to buy the half it does not own in joint venture (JV) firm Sime Darby Sunsuria Development Sdn Bhd (SDSD) for RM173.
Axis REIT announces first interim distribution per unit of 4.10 sen
KUALA LUMPUR (April 20): Axis Real Estate Investment Trust (REIT) has announced the first interim income distribution of 4.
See Hup sells three parcels of land in Prai for RM17.6 mil
KUALA LUMPUR (April 20): See Hup Consolidated Bhd's wholly-owned unit See Hup Transport Sdn Bhd has entered into a conditional sale and purchase agreement with Loh Gim Ean Holdings Sdn Bhd (LGE) for the proposed disposal of three adjoining lots of development land in Seberang Prai, Penang for RM17.
Demand for property to remain slow this year, says MIDF Research
KUALA LUMPUR (April 20): MIDF Research has maintained its “Neutral” rating on the property sector and said that it expects demand for property to remain slow in 2015.
Eco World to build Eco Marina in Penang
KUALA LUMPUR (April 20): AllianceDBS Research reported on April 17 that the Eco World Development Group Bhd (ECW) announced that it had received a letter of award (LOA) from the Penang Development Corporation (PDC) for the proposed acquisition of 299.
Slew of boardroom changes at Mulpha Land
KUALA LUMPUR (April 17): Mulpha Land Bhd has appointed Datuk Fakhri Yassin Mahiaddin as executive chairman and director of the company from tomorrow (April 18), replacing Lee Eng Leong who has resigned.
Naim Indah to develop GDV US$120 mil 32-floor office tower in Yangon
KUALA LUMPUR (April 17): Naim Indah Corporation Bhd is in talks to develop a 32-floor office tower with a gross development value of US$120 million in Yangon, Myanmar, via a joint venture.
