Sunway REIT’s 2Q property income up 11.9%, declares 2.57 sen DPU
KUALA LUMPUR (Jan 28): Sunway Real Estate Investment Trust’s (Sunway REIT) net property income (NPI) for the second quarter ended Dec 31, 2015 (2QFY16) came in at RM97.
KWAP buys KL land for RM140 mil, with potential GDV of RM780 mil
KUALA LUMPUR (Jan 28): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has acquired a piece of land from the federal government in Persiaran Stonor here for RM140 million or RM2,578 per sq ft (psf).
Stagnant market in Penang keeps price growth minimal in 3Q
MOVEMENT in values in Penang’s secondary residential market remained stagnant this year due to a lack of transactions, says Raine Horne International Zaki + Partners Sdn Bhd senior partner Michael Geh.
PJ City Council promises action on one-way loop congestion
PETALING JAYA (Jan 27): Petaling Jaya City Council (MBPJ) has promised to take action to solve traffic congestion woes on the Petaling Jaya One Way Loop (OWL) system.
SCH banks on highway job to soften impact of slowing property market
KUALA LUMPUR: Quarry equipment distributor SCH Group Bhd’s revenue may decline 20% in the current financial year ending Aug 31, 2016 (FY16) due to the property market slowdown, according to its managing director cum deputy chairman Lau Mong Ling.
Noxious pothole odour makes hawker centre no-go zone
KUALA LUMPUR (Jan 26): Bangsar, Kuala Lumpur, resident Kum Thong Wong has a problem with long-standing potholes in front of a hawker centre in Lorong Ara Kiri, Lucky Garden.
YGS Property Development debuts with Twinz Residence
A new player in the property market, YGS Property Development Sdn Bhd is starting its journey with a 278-unit serviced apartment development in Bandar Puchong Jaya — one of the popular areas for first-time homebuyers.
Jumeirah Group to manage Marina Gate luxury apartments in Dubai
DUBAI (Jan 25): Global real estate development and investment company Select Group has appointed Jumeirah Group to manage its 508 residential units within Marina Gate, Select Group’s flagship residential development at the gateway to Dubai Marina.
Residential prices in the Klang Valley rise but at a slower pace
THE Klang Valley residential market saw price growth in 3Q2015, albeit at a slower pace, as homebuyers remained cautious about the current economic and political situation.
