Lendlease upbeat on demand for TRX residential units

KUALA LUMPUR (Feb 3): Although the Malaysian property market is experiencing slow recovery due to oversupply, Australian-based infrastructure and property group Lendlease Group is confident there will be demand for its ‘value-proposition’ residential tower in the upcoming financial district here, the Tun Razak Exchange (TRX).

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REITs stand out against low interest rates

KUALA LUMPUR (Feb 3): Real estate investment trusts (REITs) are expected to be sought after, more so after Bank Negara Malaysia’s recent cut in the overnight policy rate (OPR) by 25 basis points which resulted in lower bank deposit rates.

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Chiau sees potential in Chin Hin Group Property

PETALING JAYA (Feb 1): Low-profile businessman and investor Datuk Seri Chiau Beng Teik sees a lot of potential in property firm Chin Hin Group Property Bhd (CHGP) and wants to demonstrate his commitment to the company to the investing public, The Edge Malaysia reported today.

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Giant to exit Sabah and Sarawak

PETALING JAYA (Feb 1): GCH Retail (M) Sdn Bhd, which operates Giant, Cold Storage, Mercato and Jason’s branded hypermarkets and supermarkets, will exit Sabah and Sarawak within the next couple of months as part of the reorganisation of its operations, The Edge Malaysia reported today.

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Differences between JMB and MC: 5 things you should know

The general understanding is that both the Joint Management Body (JMB) and Management Corporation (MC) are entrusted with the powers and responsibilities to manage common areas of stratified developments, enforce by-laws and collect maintenance charges and contributions to the sinking fund and others.

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