JCorp sets up Al-Salām REIT
PETALING JAYA (April 29): Johor Corporation (JCorp) officially announced the establishment of a new Islamic Real Estate Investment Trusts (REIT), Al-Salām REIT yesterday.
Only 5% of The Peak Vista left to be conquered
PETALING JAYA (April 28): The take-up rate of The Peak Vista condominium in the “Beverly Hills” of Kota Kinabalu by SBC Corporation Sdn Bhd has soared to 95%.
High-rises on discounted land may meet need for affordable housing
KUALA LUMPUR (April 28): Developing more high-rise accommodation may help solve the shortage of affordable housing, said property consultants at the National Affordable Housing Summit 2015 recently.
Pavilion REIT holding firm
KUALA LUMPUR (April 27): Hong Leong Investment Bank Research has reported that occupancy rates for mall and office property (pictured) under the Pavilion Real Estate Investment Trust (REIT) are largely intact in the current quarter.
Matrix Concepts to develop Damansara of Seremban
SEREMBAN (April 27): Property developer Matrix Concepts Holdings Bhd expects Bandar Sri Sendayan (BSS) in Seremban to flourish into a town centre similar to that of 1 Utama upon completion in seven to eight years, according to group managing director and CEO Datuk Lee Tian Hock.
Slight rebound in Terengganu’s property market
KUALA LUMPUR (April 27): Terengganu’s property market saw the value and volume of its transactions rise by 18.
THE EDGE REIF 2015: Higher cost, margin compression pressure for developers with GST
PETALING JAYA (April 25): Developers will experience higher cost of inputs and margin compression pressure after the implementation of Good and Services Tax (GST), said Sunway Bhd’s managing director of property development division of Malaysia and Singapore, Sarena Cheah (pictured) during her presentation on “Post-GST -- The Real Impact on Buyers” at the The Edge Investment Forum on Real Estate 2015 today.
THE EDGE REIF 2015: Potential drop in interest rates may reverse dampened sentiment
PETALING JAYA (April 25): A potential drop in interest rates before end-2015 in Malaysia could reverse dampened sentiment in the near-term for the property market as interest rates fall worldwide, coupled with an ongoing currency war, said The Edge Media Group executive chairman Datuk Tong Kooi Ong (pictured).
THE EDGE REIF 2015: Property market to normalise in 2H2015
PETALING JAYA (April 25): The local property market will normalise in 2015 as market sentiment adapt to the recently implemented Goods and Services Tax (GST), said Previndran Singhe (pictured), founder and CEO of Zerin Properties at the The Edge Investment Forum on Real Estate 2015 today.
Japanese developer to debut project in Malaysia
SELANGOR (April 25): Japanese developer Marimo Land Sdn Bhd will be launching its debut project in Malaysia - O'hako @ Puchong Jaya - in mid-June.
