Mapletree Industrial announces 1.4% rise in 2Q DPU to 2.83 cents, aided by lower expenses
SINGAPORE (Oct 25): The manager of Mapletree Industrial Trust (MIT) has declared a DPU of 2.
Frasers Centrepoint acquires land parcel in Melbourne suburb for S$466 mil mixed-use development
SINGAPORE (Oct 25): Frasers Property Australia, a unit of Frasers Centrepoint Ltd, has secured 974 Black Forest Road — a 115ha land parcel in Wyndham Vale, a suburb of Melbourne, Victoria, Australia — for an undisclosed sum.
New special ‘step-up’ end-financing scheme PR1MA
Property sector Maintain neutral: In the Budget 2017 announced last Friday, the government announced a new special “step-up” end-financing scheme for PR1MA (1Malaysia People’s Housing Programme).
Curiosity arises over Selangor Dredging’s land sale in Damansara Heights
LAST week, Selangor Dredging Bhd (SDB) announced to Bursa Malaysia that it has entered into an agreement to sell 16 parcels of land in Damansara Heights to a little-known company, Bukit Selesa Development Sdn Bhd (BSDSB), for RM71 million cash.
First phase of Lumi Tropicana sees 75% take-up
THE first phase of Thriven Global Bhd’s Lumi Tropicana, along Persiaran Tropicana in Petaling Jaya, has achieved a take-up of 75% since its official launch on Oct 15.
Stamp duty exemption should be extended to property purchases up to RM500,000
PETALING JAYA (Oct 24): The Real Estate and Housing Developers’ Association Malaysia (Rehda) deputy secretary general Tan Ching Meng urged the government to extend the zero stamp duty to property transfers worth up to RM500,000 from RM300,000.
MyTOWN still confident of same success as The Curve’s
KUALA LUMPUR (Oct 24): When news broke on Sept 22 that MyTOWN, the newest shopping mall in Cheras, has postponed its opening date to the first quarter of next year from November this year, there was, surprisingly, little surprise in the market.
East Coast Rail Line to benefit construction sector, say analysts
KUALA LUMPUR (Oct 24): Construction analysts see the proposed RM55 billion East Coast Rail Line project as the only excitement in Budget 2017.
