News about property

DONE DEAL: Serviced residence, Residensi Damansara Glomac, Kuala Lumpur DONE DEAL: Bungalow, Kajang, Selangor Situated in the affluent neighbourhood of Damansara Heights, Kuala Lumpur, the bungalow is surrounded by an array of conveniences.

The rating of the sukuk programme of AA +IS has been affirmed by MARC Ratings Bhd with a stable outlook, the group said.

According to RHB Investment Bank (RHB IB), which has received insights from real estate agency Knight Frank Malaysia, a lot of infrastructure projects, property developments, facility expansions and investments are “brewing” in Iskandar Malaysia, which is formed by major cities in Johor.

For the longest time, purchasing a house or commercial property is seen as a major milestone, a symbol of independence and a pathway to building wealth.

"These office assets continued to anchor the group’s stable performance, recording an increase in revenue and PBT of RM145.

Sime Darby Property said demand for its landed property remains strong with an average take-up rate of 80% as of end-March 2023.

Majuperak is selling back the stake in Nexusbase Development Sdn Bhd to the vendor at the original sum of RM12.

Bloomberg reported that ICD Brookfield Place's owners, Brookfield Asset Management and state-owned Investment Corp of Dubai, may sell a stake of as much as 49% in the office tower, whose tenants include JPMorgan Chase & Co and Bank of America Corp.

All Mori Residences 2 buyers will stand a chance to win a brand new BYD Atto 3 and other attractive prizes, on top of homebuyer rewards worth up to RM3,888 via EdgeProp START.

Its share price rose to an intraday high of 61.