The Met Corporate Towers, Kuala Lumpur office rented for RM45.8k | DONE DEAL
Park Place @ ParkCity, Kuala Lumpur condo unit sold for RM3.
Malaysia stops giving preferential rate for REIT withholding tax
KUALA LUMPUR (March 19): Malaysia has stopped giving preferential rates for the withholding tax on dividends from real estate investment trusts (REITs) or property trust funds (PTFs), a government notice showed.
Capstone Corporate Suites (GBS): A new Grade-A corporate address rising in Batu Kawan, Penang
As Penang’s mainland continues to strengthen its role as a key industrial and commercial hub, demand for modern corporate office space is steadily increasing.
Sime Darby Property hits record RM803.4m PBT as SHIFT32 strategy begins; KWAP raises stake
PETALING JAYA (March 4): Sime Darby Property Bhd (SimeProp) has closed FY2025 with a record profit before tax (PBT) of RM803.
Sunway charts new all-time highs after strong earnings meet estimates
KUALA LUMPUR (Feb 26): Shares of Sunway Bhd (KL:SUNWAY) rose to new record highs on Thursday after the property-to-healthcare conglomerate reported strong earnings that met market expectations.
Appellate court rules single JMB should manage mixed developments, residential and commercial properties allowed to have different rates
PUTRAJAYA (Feb 12): In a landmark judgement last week involving a property development project in Penang, the Court of Appeal (COA) ruled that for mixed developments, a single joint management body (JMB) should operate, and there should not be different managements for commercial and residential properties in the running of maintenance and management of the development.
Green building certifications jump 25% as adoption picks up
KUALA LUMPUR (Jan 28): Certified green building developments in Malaysia rose 25% last year, with high-rise residential, logistics, and industrial projects driving demand, signaling steady growth in the adoption of sustainable building practices.
BNM keeps overnight policy rate unchanged as widely expected amid resilient economy, tame inflation
The policy rate has remained unchanged since July when BNM sprang a surprise with a 25-basis-point reduction in what the central bank described as a “pre-emptive measure” to support economic growth.
BNM likely to stand pat on policy rate after July’s surprise, economists say
“Despite external risks, BNM remains upbeat on domestic demand, supported by a strong labour market, policy measures, and sustained investment from infrastructure and development initiatives,” RHB Investment Bank said.
Tropicana Corp posts RM1.25m net profit in 2Q on RM330.18m revenue
The group said Bank Negara Malaysia’s recent 25-basis-point cut in the overnight policy rate is anticipated to create a more supportive environment for homebuyers and investors by reducing borrowing costs and improving housing affordability.
