Genting, Pavilion in US$6 bil Vietnam project
KUALA LUMPUR (Aug 4): Malaysia's Genting Group and Pavilion Group are partnering with Vietnam-based property developer Van Thinh Phat Group Corp to develop the US$6 billion (about RM24 billion) Saigon Peninsula mixed project in Ho Chi Minh City, Vietnam.
Tadmax to become a pure property and power play
TADMAX Resources Bhd managing director Datuk Seri Anuar Adam, a retired major of the Malaysian army, will focus on transforming the loss-making company into a property and power generation player after cleaning its books for the past five years.
IJM Land to launch Phase 2 of Rimbun Vista this September
PETALING JAYA (Aug 3): IJM Land Bhd will be launching the second phase of Rimbun Vista (3A2) at S2 Heights, Seremban 2 later this September, said its managing director Edward Chong.
Malaysian houses priced up to RM165,060 'considered affordable', says Finance Ministry
KUALA LUMPUR (Aug 3): Malaysian houses priced up to RM165,060 each are "considered affordable" to the median Malaysian household, but only 21% of housing launches in the country were priced below RM250,000 in 2014.
KLCC Stapled’s distributable income rises 3.8%, pays 8.6 sen distribution
KUALA LUMPUR (Aug 3): KLCC Stapled Group, comprising KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), recorded a total realised distributable income of RM167.
No public involvement in MRT trial run, says MRT Corp
KUALA LUMPUR (Aug 3): No members of the public will be involved in the three-month trial run of Phase 1 of the mass rapid transit Sungai Buloh-Kajang Line (MRT Line 1) that is slated to begin on Oct 1, said Mass Rapid Transit Corp Sdn Bhd (MRT Corp).
Penang proposing rent control on pre-war buildings at Unesco heritage site
GEORGE TOWN (Aug 2): The Penang government is proposing a rent control policy for pre-war buildings after numerous complaints from business operators in the George Town Unesco World Heritage Site over excessive rental hikes, Bernama reported today.
‘More stable business outlook’ for Starhill Global REIT
SINGAPORE (Aug 2): Religare is reiterating its “buy” call on Starhill Global (SGREIT) with an unchanged target price of 90 cents, with the view that its portfolio’s performance is set to stabilise.
Frasers Centrepoint adds to prime industrial site in Australia
SINGAPORE (Aug 2): Frasers Centrepoint Ltd’s Australian unit, Frasers Property Australia (formerly Australand), on Tuesday announced it is acquiring a 10ha site adjacent to its Eastern Creek Business Park in western Sydney.
