News about ma

KUALA LUMPUR (April 20): AllianceDBS Research reported on April 17 that the Eco World Development Group Bhd (ECW) announced that it had received a letter of award (LOA) from the Penang Development Corporation (PDC) for the proposed acquisition of 299.

KUALA LUMPUR (April 17): Mulpha Land Bhd has appointed Datuk Fakhri Yassin Mahiaddin as executive chairman and director of the company from tomorrow (April 18), replacing Lee Eng Leong who has resigned.

KUALA LUMPUR (April 17): Naim Indah Corporation Bhd is in talks to develop a 32-floor office tower with a gross development value of US$120 million in Yangon, Myanmar, via a joint venture.

KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT), the country’s first retail-focused REIT, will rely on organic revenue growth via its asset enhancement initiative (AEI) for its financial year ending December (FY15).

KUALA LUMPUR (April 17): Eco World Development Group Bhd is strengthening its hold up north with the proposed development of the Eco Marina development on Batu Kawan island in Seberang Perai in mainland Penang.

KUALA LUMPUR (April 16): Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (REIT), expects to maintain a strong portfolio management in 2015.

KUALA LUMPUR (April 14): In a note today, Maybank IB Research said property transactions in Johor had plummeted 33% q-o-q in 4Q14, underperforming the country (-7%) and other major cities/states such as Kuala Lumpur (-12%), Selangor (+2%) and Penang (+8%).

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has acquired the German Embassy Land in Jalan Kia Peng through its wholly-owned subsidiary, Legasi Azam Sdn Bhd (LASB), at about RM259.

KUALA LUMPUR (April 7): The Malaysia Property Expo Klang Valley 2015 (Mapex-Klang Valley 2015) here, the first of three series, received encouraging response, with over 50,000 visiting the three-day event which ended on Sunday.

MALLORCA (April 3): British buyers and investors are expected to invest more in luxury properties across Europe and Mallorca on the back of a weakening euro, Spanish developer Taylor Wimpey España says.