News about properties

KUALA LUMPUR (Oct 22): Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) grew 31% in the third quarter ended Sept 3, 2018 (3QFY18) to RM45.

KUALA LUMPUR (Oct 22): Walter Kwok (pictured), the former chairman of Hong Kong developer Sun Hung Kai Properties Ltd, died early Saturday at the age of 68, said statements from his family and the property company, reported Bloomberg.

KAJANG (Oct 11) : The slow market absorption of properties has led to the increase in residential overhang which totals 29,227 units worth RM17.

  PETALING JAYA (Sept 29): Property investors should consider diversifying their portfolio into alternative assets such industrial properties, offices and shops, rather than concentrating all their investments in a single type of property, according Axis REIT Managers Bhd head of investment Siva Shanker.

PETALING JAYA (Sept 28): The Housing and Local Government Ministry (KPKT) is looking at absorbing properties – both on the primary and secondary markets – priced at below RM500,000 into its pool of one million affordable homes.

Rented for: RM7,000 Concluded by: Gwen Chan (REN 27371, 012-732 1113) of MIP Properties When: June 2018 Noteworthy: ● Freehold ● Built-up: 1,878 sq ft ● 3+1 bedrooms and four bathrooms ● Fully-furnished unit ● Facilities: Gymnasium, a tennis court, a half basketball court, a multipurpose hall, children’s playground, sky deck, meditation lawn and a lap pool.

GEORGE TOWN: Ivory Properties Group Bhd, which posted losses in the past two quarters, is confident of returning to profitability when three new projects in Penang come on stream.

Sold for: RM1.

KUALA LUMPUR (Aug 30): Property developer Sentoria Group Bhd has accepted two letters of awards worth a combined RM124.

KUALA LUMPUR (Aug 28): IOI Properties Group Bhd’s fourth-quarter (4Q) net profit dropped 21.