IOI Properties 2Q net profit plunges 60% on lower overseas project contribution, impairment loss
KUALA LUMPUR (Feb 24): IOI Properties Group Bhd's net profit plunged 60% to RM109.
PDC makes RFP for Batu Kawan theme park — again
PETALING JAYA (Feb 24): The Penang Development Corp (PDC) has made a request for proposals (RFP) for its outlay-heavy “International Theme Park and Mixed Development East of Batu Kawan” – this time on more flexible terms, reported The Edge weekly.
IOI Properties' S'pore project faces setbacks, say sources
PETALING JAYA (Feb 24): IOI Properties Group Bhd’s proposed joint venture in the Marina Bay financial district has faced challenges in obtaining longer-term financing and fulfilling specific conditions precedent, reported The Edge weekly, citing sources.
Buying properties with a bit of a coin?
Cryptocurrency has taken the world by storm and leading the pack is Bitcoin.
MBPJ under fire for revealing identity of complainant to developer
PETALING JAYA (Feb 23): Majlis Perbandaran Petaling Jaya (MBPJ) has been lambasted for releasing personal information of a resident who had complained against construction work near her home, which has sparked privacy concerns that may silence future complainants.
DONE DEAL: 4-storey bungalow, Jalan Bruas, Damansara Heights, KL
Rented for: RM18,000 Concluded by: Brandon Ann (REN 19897, 012-215 6317) of MIP Properties and Ahmad Firdaus (REN 15800, 016-217 9896) of Nilai Harta Consultant When: December 2017 Noteworthy: ● Freehold ● Land area: 22,200 sq ft ● Built-up area: over 10,000 sq ft ● 9 + 1 bedrooms and 9 bathrooms ● Partly-furnished with water heaters, lamps, kitchen cabinets, ceiling fans, curtains and air-conditioning units ● Facilities include swimming pool, guest house, entertainment hall and garden This large house is in Damansara Heights, an established suburb that features landed homes, office towers, shoplots, and various amenities.
Al-Aqar REIT announces 3.95 sen DPU as 4Q net income jumps 87%
KUALA LUMPUR (Feb 21): Al-Aqar Healthcare Real Estate Investment Trust's (Al-Aqar REIT) net income rose 87% year-on-year to RM48.
Education seen as driver of Chinese property buying in Malaysia
KUALA LUMPUR (Feb 21): Education is expected to become a larger driver of Chinese property buying in Malaysia by 2025, said Juwai.
Ayala Land owns 72.3% of MCT as general offer closes
KUALA LUMPUR (Feb 20): Ayala Land Inc, the biggest property group in the Philippines, increased its indirect stake in MCT Bhd to 72.
A wrong turn ending on the right path
It all started with a wrong turn after attending a wedding dinner where the black house at Jalan Galloway in downtown Kuala Lumpur caught Andrew Lee’s eyes, who returned the next day to take a closer look at the 90-year-old 2-storey corner shophouse.
