KLCC Stapled’s distributable income rises 3.8%, pays 8.6 sen distribution
KUALA LUMPUR (Aug 3): KLCC Stapled Group, comprising KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), recorded a total realised distributable income of RM167.
HLIB Research upgrades M-REITs to 'Overweight' after OPR cut
KUALA LUMPUR (July 14): Hong Leong Investment Bank Research (HLIB Research) has upgraded Malaysian Real Estate Investment Trusts (M-REITs) to “Overweight”, following Bank Negara’s move to cut the overnight policy rate (OPR) by 25 basis points to 3% yesterday.
DONE DEAL: Quadro Residences, KLCC
Sold for: RM2,494,000 (RM1,294 psf) Concluded by: Braxton Lim (REN 08029) of City Crest Realtors (012-635 8348) When: March 2016 Noteworthy: • Freehold • 1,927 sq ft • Partly furnished with built-in wardrobe and kitchen cabinets • Developed by Monoland Corp Sdn Bhd • 36 storeys • 245 units in total • 30 sen psf maintenance fee • Each unit comes with a private lift lobby According to City Crest Realtors negotiator Braxton Lim who brokered the deal, the unit was bought by an investor.
Strata management bodies — how do they work?
AS a city grows, the development of high-rises becomes inevitable.
Le Creuset
Concept Le Creuset’s rainbow-coloured shop at the lower-ground level of Mid Valley Megamall is not easy to miss, even when the mall is bustling with people.
KLCCP Stapled Group: Office rental income remains resilient
KUALA LUMPUR (April 13): KLCCP Stapled Group, which comprises units in KLCC real estate investment trust (REIT) stapled together with the shares of KLCC Property Holdings Bhd, expects a 1% to 2% revenue increase in the current financial year ending Dec 31, 2016 (FY16), as it adds 45,000 sq ft of office space to its office rental income.
Maximise your time and money
WITH the high cost of living in Malaysia, it is not such a bad idea to use public transport, even if you have a car or motorbike.
Desa Kudalari land has drawn interest from local and foreign buyers
KUALA LUMPUR (April 6): Property consultancy CH Williams Talhar and Wong Sdn Bhd (WTW) has received a number of enquiries from local and foreign buyers – including investment funds and developers – to bid for the 7.