Number of deals to rise as REITs seek to build
MALAYSIAN real estate investment trusts (M-REITs) are touted as safe haven assets for investors seeking safety in dividend yields post-Brexit.
Bank Negara cuts OPR by 25bps for the first time since 2009
KUALA LUMPUR (July 13): Bank Negara Malaysia (BNM) has cut its key interest rate to 3% from 3.
New Manipal Hospitals Klang opens door next Monday
KLANG (July 13): Bandar Bukit Tinggi in Klang will see an upgraded version of Manipal Hospitals Klang, which will be opening next Monday.
MAHB and AREA to develop RM436m tech park in Subang
PETALING JAYA (July 13): Malaysia Airports Holdings Bhd (MAHB) has tied up with AREA Management Sdn Bhd (AREA), the project management company of AREA Industrial Development Fund 1 (AIDF 1), to develop a technology park with a gross development value (GDV) of RM436 million.
China’s Zhejiang province takes ‘action plan’ to reduce unsold, unused properties
KUALA LUMPUR (July 13): The property glut monster in China has now reached Zhejiang province.
M-REITs may be allowed to build own properties
MALAYSIAN real estate investment trusts (M-REITs) may soon be allowed to put as much as 15% of their total assets into development projects and vacant land for development and are already positioning themselves for the liberalisation that is slated for the end of the year, industry sources say.
Singtel subsidiary wins S$10m contract to develop Smart HDB towns
SINGAPORE (July 12): Singtel Group's subsidiary, NCS, was awarded a S$10 million contract on Monday by Singapore’s Housing & Development Board (HDB) to develop a new Smart Urban Habitat Master Plan (SUHMP).
Mah Sing’s Cerrado Residential Suites draws 7,500 registrants
KUALA LUMPUR (July 11): Mah Sing Group Bhd’s upcoming launch of Cerrado Residential Suites at Southville City, Bangi, has attracted 7,500 registrants, due to the “compelling” prices of the units which largely fell below RM500,000, said chief sales officer James A Bruyns.
DTZ Nawawi Tie Leung rebrands as Nawawi Tie Leung
PETALING JAYA (July 11): The Nawawi Tie Leung group of companies — previously comprising DTZ Nawawi Tie Leung Sdn Bhd and DTZ Nawawi Tie Leung Property Consultants Sdn Bhd — have been rebranded as Nawawi Tie Leung Real Estate Consultants Sdn Bhd and Nawawi Tie Leung Property Consultants Sdn Bhd, said the group in a press statement.
Buyer for land near palace?
KUALA LUMPUR (July 11): All eyes are on the price tag that the ministry of finance (MoF) could fetch for the two parcels of land that it has put up for sale near Damansara Heights at the time when the property market is experiencing a slowdown.
