News about rate

THE corporate real estate (CRE) industry in Kuala Lumpur is gaining importance, as a growing number of multinational organisations are setting up their headquarters and regional offices in the city.

WITH widespread expectation that global interest rates will stay low for a long time, real estate investment trusts in Singapore have performed well since the beginning of this year, despite a chorus of warnings about the deteriorating fundamentals of the commercial property sector.

KUALA LUMPUR (July 20): RHB Bank and RHB Islamic Bank will revise their base rates (BR) to 3.

PETALING JAYA (July 14): Bank Negara Malaysia’s (BNM) decision to cut the overnight policy rate (OPR) by 25 basis points to 3% is expected to have a positive impact on borrowers and the property sector, said property developers and mortgage firms.

KUALA LUMPUR (June 23): PR1MA Corp Malaysia plans to buy 1,140 units of affordable homes, along with the 19.

JOHOR BAHRU (June 6): A property agent here has found out the hard way that it does not pay to cheat clients.

WHEN S P Setia Bhd drew up the plans for its corporate headquarters at Setia City commercial centre at its flagship township Setia Alam in Shah Alam, the developer knew it wanted an icon that signified its commitment to sustainable development.

KUALA LUMPUR (May 3): Property developer LBS Bina Group Bhd (LBS) launched the first phase of the largest integrated development in Brinchang, Cameron Highlands today.

PETALING JAYA (April 22): Property investors are planning to capitalise on renewed confidence in Malaysia's economy despite the current global volatility, said an economist with a United Arab Emirates-based property/investment company.

KUALA LUMPUR (April 20): Integrated Logistics Bhd (ILB) is selling two of its Hong Kong-based warehousing outfits for HK$137.