SStwo Mall up for sale
ASIAN Retail Mall Fund II (ARMF), which owns the SStwo Mall in Petaling Jaya, is believed to be seeking a buyer for the retail asset as an earlier plan to redevelop the site has been shelved.
Johor properties see lower selling prices
THE Johor market has been quiet in the past year.
Paramount Corp's 2Q net profit up 70% on higher contribution from property division
KUALA LUMPUR (Aug 17): Paramount Corp Bhd’s second quarter net profit soared 70% to RM23.
Knight Frank: Vancouver leads Prime Global Cities Index for fifth consecutive quarter
PETALING JAYA (Aug 17): Property consultancy firm Knight Frank’s Prime Global Cities Index that tracks prime residential prices across 37 global cities worldwide has shown Vancouver leading the rankings for the fifth consecutive quarter.
Property counters may be a safer bet
BOTH the Malaysian and Singaporean governments have sent clear signals that the high-speed rail (HSR) linking Kuala Lumpur and the city state will be a reality; it is only a matter of time.
George Kent consortium leads MRT Line 2 job race
KUALA LUMPUR (Aug 16): A consortium led by George Kent (Malaysia) Bhd has emerged the front runner for a RM1 billion deal to build new tracks for the mass rapid transit (MRT) Line 2, known as the Sungai Buloh-Serdang-Putrajaya (SSP) Line.
AQRS to get RM500 mil SUKE subcontract
Gabungan AQRS Bhd, a mid-size construction and property development company, is getting a RM500 million subcontract for the CA3 portion of the Sungai Besi-Ulu Kelang Expressway (SUKE).
UMLand’s corporate exercise to be completed by year end
UNITED Malayan Land Bhd (UMLand) is undergoing a corporate exercise to streamline its activities to ensure greater growth.
Sime Darby launches RTO of Japanese REIT, Saizen
KUALA LUMPUR (Aug 15): Sime Darby Bhd has initiated a reverse takeover (RTO) of Japan’s Saizen Real Estate Investment Trust (REIT) under which it will be injecting several of its industrial properties in Australia into the REIT, in exchange for a a certain amount of units in the REIT and cash.
PR1MA, Zecon plan Sarawak JV
KUALA LUMPUR (Aug 15): Zecon Bhd signed a heads of agreement (HoA) with PR1MA Corp Malaysia for a proposed residential property development within an estimated 22ha (54.
