Pavilion REIT warns of OPR hike effect
KUALA LUMPUR (Jan 17): The central bank’s widely anticipated increase in key interest rate will have an impact on Pavilion Real Estate Investment Trust’s (Pavilion REIT) borrowing costs, said Pavilion REIT Management Sdn Bhd chief executive officer Philip Ho.
Sime Darby Property to launch 1,000 affordable units this year
SHAH ALAM (Jan 17): Sime Darby Property (SD Property) plans to launch about 1,000 affordable apartment units this year under the Selangor government’s housing programme, Rumah Selangorku, by mid-2018, according to managing director (MD) Datuk Seri Amrin Awaluddin.
DBKL to impound PPR homes of tenants throwing objects from higher floors
PETALING JAYA (Jan 17): Following the tragic death of a 14-year-old who was struck by a falling chair thrown off the higher floors of a Pantai Dalam public housing scheme, Dewan Bandaraya Kuala Lumpur (DBKL) will impound the homes of residents caught littering or tossing objects from higher floors.
Advance Synergy expands property business with building buys
KUALA LUMPUR (Jan 17): Kuching-based Advance Synergy Bhd is acquiring two commercial properties — one located on Jalan Yap Ah Shak here and the other in Temasya Glenmarie, Shah Alam — for a combined RM40.
Maybank Islamic’s RTO programme is now open to public
PETALING JAYA (Jan 16): Maybank Islamic Bhd’s HouzKEY, Malaysia’s first bank-initiated rent-to-own (RTO) scheme, opened to the public on Jan 15.
KL rental market drops out of Asia’s 40 most expensive cities on housing glut
PETALING JAYA (Jan 16): Kuala Lumpur dropped out of Asia’s top 40 most expensive cities to rent homes amid a property glut, according to the latest Accomodation Survey by consultancy ECA International.
Vertice denies involvement in Penang project apart from Consortium Zenith stake
KUALA LUMPUR (Jan 16): Vertice Bhd, formerly known as Voir Holdings Bhd, has denied it is involved in the Penang Mega Infrastructure Project, aside from its recent investment of 13.
EWI achieves cumulative sales of RM7.7b from UK and Australian projects
KUALA LUMPUR (Jan 16): EcoWorld International Bhd (EWI) has achieved cumulative sales of RM7.
JB-S’pore rapid transit system to start by Dec 31, 2024
PETALING JAYA (Jan 16): The Johor Bahru-Singapore rapid transit system (RTS) link passenger service is targeted to commence operation by Dec 31, 2024, according to a joint statement by the prime ministers of Malaysia and Singapore at the 8th Singapore-Malaysia Leader’s Retreat today.
