UOA REIT’s 4Q net rental income down 9% to RM15.9 mil
KUALA LUMPUR (Jan 20): UOA Real Estate Investment Trust (UOA REIT) reported net rental income of RM15.
Potential disposal of mature office assets could be catalysts for Axis REIT
Axis Real Estate Investment Trust (Jan 19, RM1.
‘At least 15%-20% return as HSR concessionaire’
KUALA LUMPUR (Jan 20): European rail experts expect an internal rate of return (IRR) of at least 15% to 20% if chosen as the concessionaire to own, operate and maintain Kuala Lumpur-Singapore high speed rail (HSR) assets.
InterContinental Hotels to manage Ho Hup’s new hotel in Sabah
KUALA LUMPUR (Jan 20): Ho Hup Construction Co Bhd has appointed InterContinental Hotels Group (Asia Pacific) Pte Ltd (IHG) to manage its new Crowne Plaza Kota Kinabalu Waterfront hotel in Kota Kinabalu, Sabah.
Johor market is tougher than you think
INTERESTINGLY, Johor’s residential transaction volume has not decreased as much as Kuala Lumpur’s and Selangor’s, noted TheEdgeProperty.
Block 2 of D’Camellia apartments at Setia EcoHill opens for sale from RM262,000
PETALING JAYA (Jan 20): S P Setia Bhd will launch its final block of D’Camellia affordable apartments at Setia EcoHill, Semenyih, Selangor this weekend (Jan 21 and 22).
DONE DEAL: Damansara Foresta condominium, Bandar Sri Damansara, Selangor
Sold for: RM838,000 (RM520 psf) Concluded by: Nelson Leong (REN 15269) of Cornerstone Realty (012-813 1889) When: August 2016 Noteworthy: ● Freehold ● 1,610 sq ft ● Corner unit ● 3+1 bedrooms and 3 bathrooms ● Bathtub in master bathroom ● Accessible via LDP, Sprint Expressway, MRR2 and NKVE Developed by Land & General Bhd (L&G), Damansara Foresta is a freehold development located in Bandar Sri Damansara.
Amanahraya REIT appoints Ikmal as chairman
KUALA LUMPUR (Jan 19): Amanahraya Real Estate Investment Trust (REIT) has appointed Datuk Seri Ikmal Hisham Abdul Aziz as its chairman from today.
