News about properties

Investing in luxury properties is like starting a business – it’s a commitment you say yes to only after careful calculations.

KUALA LUMPUR (July 8): Enra Group Bhd has proposed to acquire four properties and selected assets such as plant, equipment, inventories and machinery from MTU Services (Malaysia) Sdn Bhd for RM60 million.

KUALA LUMPUR (July 2): UEM Sunrise Bhd said it has sold three parcels of freehold agriculture land in Mersing, Johor to Lagenda Properties Bhd for RM45.

PETALING JAYA (June 23): Lagenda Properties Bhd (via its wholly-owned subsidiary, LPB Development Sdn Bhd) has entered into a Sale and Purchase Agreement (SPA) with SST Development Sdn Bhd to acquire 500 acres of land in Kuantan, Pahang.

KUALA LUMPUR (June 19): Historically low interest rates are “fuelling” debt in Malaysian households, “which have funnelled loans mainly to the purchase of residential properties and passenger cars”, The Edge Malaysia reported this week.

KUALA LUMPUR (June 2): Boustead Properties Bhd has extended its Raya Bonanza Campaign due to overwhelming demand.

PETALING JAYA (May 28): IOI Properties Group Bhd’s (IOIPG) net profit more than doubled to RM178.

KUALA LUMPUR (May 24): Boustead Properties Bhd, the property arm of diversified Boustead Holdings Bhd, remains optimistic about its commercial performance and retail portfolio this year as the occupancy rate of its commercial assets is currently above 90% compared with the average occupancy rate of similar grade buildings within similar locations.

A total of 27,541 properties with an estimated reserve value of RM14.

PUTRAJAYA (May 19): IOI Properties Group Bhd has entered into agreements with Marriott International, Inc (Marriott International) to manage two of its signature hotels in IOI Resort City, Putrajaya, namely Putrajaya Marriott Hotel and Palm Garden Hotel.