Axis REIT acquiring industrial assets in Johor
Axis Real Estate Investment Trust (REIT) (Nov 12, RM1.
Plenitude expects to maintain RM250 mil sales in FY16
KUALA LUMPUR (Nov 5): Property developer Plenitude Bhd expects to maintain the RM250 million sales quantum it achieved in the financial year ended June 30, 2015 (FY15) in FY16, amid the more challenging global and domestic economic scenarios.
First phase of Austin Duta in Johor Bahru now 60% taken up
JOHOR BAHRU (Nov 7): IJM Land Bhd’s new township project, Austin Duta at Mount Austin here, saw the first phase comprising 2-storey terraced houses achieving a take-up rate of about 60%.
United Malayan Land to launch Johor's first halal biotech park
KUALA LUMPUR (Nov 4): Property developer United Malayan Land Bhd (UMLand) will launch the first integrated halal biotech park in Johor, estimated to carry a gross development value of RM1.
Al-Salam REIT to benefit from JB-Singapore RTS
Al-Salam Real Estate Investment Trust (REIT) (Oct 27, RM1.
RM8 bil Gemas-JB double-track rail plans up for inspection
KUALA LUMPUR (Oct 28): The long-delayed final stretch of the RM8 billion electrified double-track (EDT) rail between Gemas (in Negeri Sembilan) and Johor Bahru (Johor) — which was supposed to be completed in 2008 — seems to finally be moving forward.
Compulsory government acquisition of Kim Teng Park, Johor Bahru, cancelled
Johor Bahru (Oct 27): Residents of Kim Teng Park, Johor Bahru, who have been living in limbo since May 2015, breathed a collective sigh of relief recently when they heard the announcement that their homes were no longer part of a compulsory government acquisition.
Bina Puri to build PR1MA homes in Johor Bahru
PETALING JAYA (Oct 26): Construction firm Bina Puri Holdings Bhd has received a letter of intent from PR1MA Corporation Malaysia (PR1MA) for the construction of 994 apartment units and 20 shops in Johor Bahru.
A real test and the catalysts for Iskandar Malaysia
THE current cautious sentiment and oversupply situation in Iskandar Malaysia are making it tough for developers and investors to unload their properties — it can take months to dispose of a property and even then, it may have to come with a double-digit price cut, according to Chestertons Singapore managing director Donald Han.
