WCT may defer REIT listing plan
KUALA LUMPUR (May 20): Builder-cum-property developer WCT Holdings Bhd, which had earlier planned to set up a RM2 billion real estate investment trust (REIT) this year, may postpone the exercise until 2016.
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DTZ: Strong investments in 1Q for KL, but uncertainties ahead
PETALING JAYA (May 19): Despite the depreciating ringgit against the US dollar in 1Q2015 and ongoing concerns on the impact of low oil prices on the Malaysian economy, the level of investment activity remained surprisingly strong for the quarter, according to DTZ Research’s “Property Times Kuala Lumpur Q1 2015: Cautious Sentiment Aggravates Uncertainties” report.
JW Marriott opens 11th hotel in China
SHANGHAI (May 19): JW Marriott Hotels & Resorts continues to expand its luxury portfolio in China through its 11th property – the JW Marriott Hotel Zhejiang Anji, which opened yesterday.
YTL Land and Development’s Penang Shorefront all snapped up
GEORGE TOWN (May 18): YTL Land and Development Bhd sold the final units of its low-rise condominium project – Penang Shorefront – at a preview last weekend.
1MDB RM42 billion now part of TRX, Bandar Malaysia landbank, says Najib
KLANG (May 17): Prime Minister Datuk Seri Najib Razak yesterday insisted that state fund 1Malaysia Development Bhd's (1MDB) RM42 billion was not lost, saying that the money was now part of the Tun Razak Exchange (TRX) and Bandar Malaysia landbank.
Retail market to slow into 2015
KUALA LUMPUR (May 16): The retail market will see a continuous slowdown due to weakened market sentiment caused by the recently implemented Goods and Services Tax (GST), said Savills Malaysia managing director, Allan Soo.
Consult PJ council to avoid problems later, MRT Corp told
PETALING JAYA (May15): Former Petaling Jaya councillor Derek Fernandez is urging the Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) to consult the Petaling Jaya City Council (MBPJ) on the proposed MRT Sungai Buloh-Serdang-Putrajaya (SSP) line.
Property industry to gain from MRT2 line
KUALA LUMPUR (May 15): The Mass Rapid Transit (MRT) Sungai Buloh-Serdang-Putrajaya Line (MRT2) will be a boon for property developers, The Edge Financial Daily reported today.
London’s Garden House launches in Kuala Lumpur
KUALA LUMPUR (May 15): Knight Frank, together with Jones Lang LaSalle (JLL), will be launching London’s latest property development, Garden House W2, this weekend at the Mandarin Oriental Kuala Lumpur.
Who decided to sell Bumi land to 1MDB, asks PAS
KUALA LUMPUR (May 14): With the controversy over the sale of 1Malaysia Development Berhad's (1MDB) land in the Tun Razak Exchange (TRX) financial district to Lembaga Tabung Haji still raging, a PAS leader has upped the ante by asking who made the decision to sell the land, originally earmarked for Bumiputera, to the state investment vehicle.
