Oxley Holdings plans to open hotel and residences in KLCC area in 2020
PETALING JAYA (Feb 16): Singapore-listed property developer Oxley Holdings Ltd (Oxley) has announced it will open its 207-room So Sofitel Hotel and a 590-key So Sofitel Residences in the heart of Kuala Lumpur City Centre (KLCC) area in 2020, it said in a press statement today.
KLCCPSG’s FY15 core net profit of RM746.1 mil above consensus forecast
KLCC Property Stapled Group (Jan 22, RM7) Maintain hold with a target price of RM7.
MREITs may acquire more assets this year
MALAYSIAN real estate investment trusts (MREITs) may step up acquisitions this year as the rental reversion cycle peaked in 2014, which helps with asset valuations said Malaysian REIT Managers Association chairman Datuk Stewart LaBrooy (pictured).
KLCCP Stapled 3Q’s distributable income slips 2.3%
KUALA LUMPUR (Nov 12): The KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), saw its total distributable income for the third quarter ended Sept 30, 2015 (3QFY15) fall 2.
DONE DEAL: Saville Melawati serviced apartment in Taman Desa Melawati, Kuala Lumpur
Sold for: RM510,000 or RM506 psf Concluded by: Jack Tian of Hartamas Real Estate (OUG) Sdn Bhd (016 434-4681) When: Aug 26 Noteworthy: *1,007 sq ft * Freehold * Serviced apartment * 3 bedrooms, 2 bathrooms * 3.
REITs a safe choice, quarterly results in line with forecasts
Real Estate Investment Trust (REIT) Maintain neutral: Latest quarterly results for real estate investment trusts (REITs) were in line with expectations.
Imbi land to set record price in KL?
A local company that was recently acquired by a Singapore-listed loss-making red chip is in the midst of concluding a land purchase in Imbi, Kuala Lumpur, for a whopping RM4,310 psf — potentially setting a new record for land deals in the country.
KLCC REIT trading at premium with yields at 1%
KLCC Real Estate Investment Trust (REIT) (Sept 14, RM7.
