60 premises in Negeri Sembilan do not have fire certificates
SEREMBAN (Feb 2): The Negeri Sembilan Fire and Rescue Department has revealed that 60 premises in the state were not issued with fire certificates last year, Bernama reported today.
A close look at Weida’s takeover offer
KUALA LUMPUR (Feb 2): Little-known Weida (M) Bhd founder Datuk Lee Choon Chin, who is also a major shareholder, intends to take the company private through a selective capital reduction and repayment that will distribute RM2.
Hua Yang slips into the red in 3QFY18 on soft property market
KUALA LUMPUR (Jan 25): Property developer Hua Yang Bhd slipped into the red in the fiscal third quarter ended Dec 31, 2017 (3QFY18), posting a net loss of RM957,000 compared with a net profit of RM10.
Axis REIT on acquisition trail, targets RM292m new asset injection
KUALA LUMPUR (Jan 24): Axis Real Estate Investment Trust (Axis REIT) said it is aiming to achieve RM292 million worth of industrial asset acquisitions this year.
Earnings growth seen in Sime Darby Property’s landbank
Sime Darby Property Bhd (Dec 8, RM1.
Al-Salam REIT to buy 22 properties for RM115m, seeks to raise RM60m via placement
KUALA LUMPUR (Dec 4): Al-Salam Real Estate Investment Trust (Al-Salam REIT) is acquiring 22 properties located across Malaysia for a combined RM115 million in a related party transaction.
Matrix Concepts still undervalued, says chairman
KUALA LUMPUR (Dec 4): Despite booking a 14% year-to-date gain closing at RM2.
KTMB eyes developing commercial, retail properties worth RM6b in the next 2-3 years
PUTRAJAYA (Nov 14): Keretapi Tanah Melayu Bhd (KTMB) is eyeing on embarking on its maiden property development project within the Klang Valley area, slated to be worth RM6 billion in the next two to three years, as part of its initiatives to ramp up income from its non-fare segment, according to its chief executive officer Mohd Rani Hisham Samsudin.
Nearly RM220m in govt funds used to recover abandoned home projects
KUALA LUMPUR (Nov 7): A total of 253 abandoned private housing projects, comprising 64,290 units, were reported in Peninsular Malaysia between January 2009 and Oct 11 this year, said the Ministry of Urban Wellbeing, Housing and Local Government.
