IOI Properties' RM3b sukuk receives AAIS rating from MARC
KUALA LUMPUR (Oct 17): Malaysian Rating Corp Bhd (MARC) has assigned a preliminary rating of AAIS to the proposed RM3 billion sukuk by Fortune Premiere Sdn Bhd, a wholly-owned subsidiary of IOI Properties Group Bhd.
YFG bags RM200m job to build apartments in Perak
KUALA LUMPUR (Oct 17): YFG Bhd’s wholly-owned subsidiary YFG Engineering Sdn Bhd has won a RM200 million contract to construct apartment buildings in Perak.
Sime Darby Property’s Elmina Green first phase 70% sold over weekend launch
PETALING JAYA (Oct 17): Sime Darby Property Bhd saw its latest launch — Elmina Green phase 1 — achieve a take-up rate of 70% over the weekend when it was launched on Oct 14.
Malaysia’s fire safety laws up to date
KUALA LUMPUR (Oct 14): Malaysia’s fire safety laws are not outdated, as provisions under the Uniform Building By-Laws 1984 had been updated in 2012 to include new materials, construction methods and technologies to eliminate unnecessary requirements, said Fire and Rescue Department Malaysia Fire Safety Division assistant commissioner Hamdan Ali.
What’s spurring housing rental growth in Seberang Perai?
The average rental rates for some landed homes across Seberang Perai, Penang have increased by 10% and above, based on data from the National Property Information Centre’s Property Market Report 2016.
DONE DEAL: Prisma Perdana condominium, Taman Midah, Cheras
Rented for: RM1,300 Concluded by: Darren Chan (REN 08531) of Huttons One World Sdn Bhd (014-320 3566) When: June 2017 Noteworthy: ● Freehold ● Built-up: 818 sq ft ● Mid-level corner unit ● Fully-furnished unit ● Nearby amenities — restaurants, hypermarket, banks, school, hospital and clinics Located at Taman Midah in Cheras, Kuala Lumpur, Prisma Perdana condominium comprises two 13-storey residential towers housing 208 units with built-up sizes ranging from 817 sq ft to 820 sq ft.
Whither house prices?
KUALA LUMPUR (Oct 12): Property industry observers do not foresee property prices declining in the next six to 12 months, but instead grow at a moderate pace.
KL prime office sector to see 2.5% rent growth in next three years — Knight Frank
KUALA LUMPUR (Oct 11): Knight Frank has forecast a 2.
'Boy Iman' remanded for two days over property scam
KUBANG PASU (Oct 11): The Jitra Magistrate’s Court here granted a two-day remand order on DBI Properties managing director Datuk Noruliman A Rahman to help investigations into a property scam here involving RM30,000, Bernama reported today.
