News about man

Construction sector Maintain overweight: Last Friday, a day after the official launch of phase 1 of the mass rapid transit (MRT) Sungai Buloh-Kajang (SBK) line, we hosted a group tour for 10 domestic fund managers to experience the country’s first MRT system.

THE Kuala Lumpur office market will remain restrained in the near future despite opportunities for investors, institutional funds and real estate investment trusts.

KUALA LUMPUR (Dec 20): IGB Corp Bhd, the property firm that made its name developing Mid Valley City, is set to team up with EcoFirst Consolidated Bhd to undertake a RM400 million high-end condominium project in Kuala Lumpur next year, according to sources.

THE Klang Valley is facing an oversupply of retail space with more than seven sq ft per capita based on the population of more than seven million.

KUALA LUMPUR (Dec 19): The strategic collaboration between Amanah Raya Bhd and Japan’s largest independent real estate asset management company Kenedix Inc, will enhance its real estate investment trust (REIT) segment and double the fund size or asset value of AmanahRaya REIT (ARREIT) from RM1 billion to RM2 billion, within three to five years.

KUALA LUMPUR: Modern Age Development Sdn Bhd is looking to hold a special preview for the second phase of its Tiara Hills development in Cheras, Kuala Lumpur.

KUALA LUMPUR (Dec 16): MMC Gamuda KVMRT (PDP) Sdn Bhd completed and launched the first phase of the Sungai Buloh-Kajang (SBK) Line yesterday, two weeks ahead of schedule.

KUALA LUMPUR (Dec 16): YNH Property Bhd (YNH) is planning to sell one of its medical institutions, Pantai Hospital Manjung in Perak, to Pantai Medical Centre Sdn Bhd (PMC) for RM63 million.

PETALING JAYA (Dec 14): The official announcement of the 1 Sulaman development in Kota Kinabalu, Sabah, as being an abandoned project will allow KKTP Sdn Bhd — a private company owned by the Ministry of Local Government and Housing Sabah — to rescue the project, according to 1 Sulaman Platinum and Gold Tower Buyers’ Action Committee spokesperson Tom Lim.

KUALA LUMPUR (Dec 14): The Greater Kuala Lumpur development has been deemed as being negative for the property sector and real estate investment trusts (REITs) by Hong Leong IB Research.