IGB Corp 4Q net profit down 14% to RM43.99 mil
KUALA LUMPUR (Feb 21): IGB Corp Bhd reported a 14.
Penang, Sabah picked as top investment regions for leisure/hotel sub-sector
PETALING JAYA (Feb 21): Penang and Sabah remain the most attractive regions for investment in the hotel or leisure sub-sector, according to respondents of Knight Frank’s Malaysia “Commercial Real Estate Investment Sentiment Survey 2017” (CREISS).
Better outlook for logistics/industrial, healthcare/institutional sectors this year, says Knight Frank
PETALING JAYA (Feb 21): Developers, lenders and fund and real estate investment trust (REIT) managers expect logistics/industrial and healthcare/institutional properties in Malaysia to do well in 2017 despite the challenging operating environment, according to a survey by Knight Frank Malaysia.
UEM Sunrise to develop offices, apartments on MCOBA land in Seputeh
KUALA LUMPUR (Feb 21): Sunrise Innovation Sdn Bhd, a wholly-owned subsidiary of UEM Sunrise Bhd will undertake a mixed development project on the Malay College Old Boys Association’s land (MCOBA) at Jalan Seputeh, KL to redevelop a new office building, a banquet hall with a capacity for 1,200 people and two blocks of serviced apartments together with other supporting facilities.
Melati Ehsan to develop more affordable housing
KUALA LUMPUR (Feb 21): Melati Ehsan Holdings Bhd will focus on affordable-housing development around the Klang Valley to rely less on its construction segment.
Asian millennials continue to seek financial security in real estate
KUALA LUMPUR (Feb 21): Some 45% of millennials continue to purchase properties across Asia to generate rental income for their retirement, according to the “Manulife Investor Sentiment Index” report.
RM330 mil forex losses drag on IOI Corp’s second quarter
KUALA LUMPUR (Feb 21): IOI Corp Bhd’s net profit fell 98% year-on-year (y-o-y) to RM15.
‘PR1MA loan applicants can’t have their cake and eat it too’
KUALA LUMPUR (Feb 21): Buyers of the 1Malaysia People’s Housing Programme (PR1MA) homes who plan to take up its housing loan scheme by drawing down their Employees Provident Fund (EPF) Account 2 can’t expect to “have their cake and eat it too”, said the pension fund’s chief executive officer Datuk Shahril Ridza Ridzuan (pictured).
WZR Property strengthens presence in Bukit Jalil
BUKIT Jalil in Kuala Lumpur has been in the limelight ever since it was chosen as the location for the National Sports Complex, the venue of the 1998 Commonwealth Games.
AEON BiG getting smaller
MORE than four years after Japanese retailer AEON Co Ltd took over France-based Carrefour’s loss-making business in Malaysia, it is still struggling to improve its bottom line.
