News about properties

KUALA LUMPUR (May 22): Aspen Group Holdings Ltd is planning to raise RM44 million via a convertible loan agreement to finance its investments in associate company Global Vision Logistics Sdn Bhd in Shah Alam, the construction of the central park located in Aspen Vision City, investment in associate company Bandar Cassia Properties (SC) Sdn Bhd, its other development projects and for working capital.

KUALA LUMPUR (May 18): IOI Properties Bhd’s net profit for the third quarter ended March 31, 2018 (3QFY18) jumped 38% year-on-year to RM166.

KUALA LUMPUR (May 3): YTL THP JV Sdn Bhd, a joint venture between Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd and TH Properties Sdn Bhd, has appointed former Prasarana Malaysia Bhd president and chief executive officer (CEO) Datuk Seri Azmi Abdul Aziz (pictured) as the company’s CEO.

KUALA LUMPUR (April 13): Ireka Corp Bhd is projected to kick-start its Rimbun Kasia development, which has a gross development value (GDV) of RM1.

KUALA LUMPUR (April 11): Versatile Creative Bhd has scrapped plans to develop medium-cost apartments in Johor Bahru, estimated to have a gross development value (GDV) of RM110 million.

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Where does one find bargains in the real estate market? Property investors say: Look at property auctions.

Rented for: RM14,500 a month Concluded by: Eric Mok (PEA 1617) of Ping Properties (012-388 0356) When: October 2017 Noteworthy: ● Land size: 15,000 sq ft ● Built up: 7,490 sq ft ● Empty unit ● 2-storey ● Lease started in January According to Ping Properties probationary estate agent Eric Mok, who concluded the deal, the tenant of the factory liked it for its big land size area compared with their previous factory.

KUALA LUMPUR (April 2): Pasukhas Group Bhd has proposed to diversify its business to include property development and coal trading.

Titijaya Land Bhd (March 29, 53 sen) Maintain buy with an unchanged fair value of 95 sen: Titijaya Land Bhd has proposed to subscribe to a 99% equity interest in BJ Properties Sdn Bhd for RM9.