The REAL deal: Buying property in 2024?
Property cycles, once a vague but nevertheless useful guide to the timing of new property launches, no longer exist.
Property cycles, once a vague but nevertheless useful guide to the timing of new property launches, no longer exist.
RHB IB said many local institutional funds have yet to take a meaningful position in the property sector.
The JV — Inneonusa Sdn Bhd — is 51%-owned by TM, 39%-owned by UEM and 10% by IIB.
Maybank IB said Forest City, which has been identified as a special financial zone and a potential high-speed rail (HSR) station in Iskandar Puteri, should continue to attract buying interest in the region.
ARREIT said this follows the signing of a sale and purchase agreement with Plenitude's wholly-owned subsidiary Plenitude Gateway Sdn Bhd for the proposed disposal in June last year.
With the three upcoming properties, ONYX will have a total of seven properties in its Malaysian portfolio as it currently manages Amari Johor Bahru, OZO George Town Penang, Amari SPICE Penang and Amari Kuala Lumpur.
The property sector stood out as the second best performing sector on Bursa Malaysia in 2023 as the KL Property Index recorded an impressive return of 34.
The job scope covers the construction of main building works for, amongst others, a 45-storey structure comprising a 38-storey serviced apartment block of 380 units — to be completed within 35 months from Jan 18, 2024.
“Investment in cold storage has cooled from 2021 but has by no means peaked.
RHB IB outlined potential project awards for the first half of 2024, encompassing flood mitigation projects, the Penang Light Rail Transit (LRT), Pan Borneo Highway Sabah's Phase 1B, and the reinstatement of five LRT3 stations.