Sunway REIT stays cautious in tough environment

PETALING JAYA (July 14): Sunway REIT Management Sdn Bhd is adopting a cautious approach for its future acquisitions because of stiffer competition in the office, retail and hospitality property segments, reports The Edge Malaysia in its current issue.

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Spring Gallery bags RM75m managing contractor job for Kemaman apartment

KUALA LUMPUR (July 9): Spring Gallery Bhd, via its wholly owned subsidiary Profit Sunland Sdn Bhd, has secured a managing contractor agreement estimated to be worth RM75 million from JV Muhibbah Sdn Bhd for the development of Southern City Phase 1B, an 18-storey apartment located at Jalan Jakar, Kemaman, Terengganu.

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Setapak: a vibrant rental market

    Setapak, a large and established suburb in the district of Gombak, Kuala Lumpur, has seen the average values of its high-rise homes outpace that of Kuala Lumpur’s on the back of a strong rental market, affordability and good access via road and light rail transit.

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DTZ: Strong investments in 1Q for KL, but uncertainties ahead

PETALING JAYA (May 19): Despite the depreciating ringgit against the US dollar in 1Q2015 and ongoing concerns on the impact of low oil prices on the Malaysian economy, the level of investment activity remained surprisingly strong for the quarter, according to DTZ Research’s “Property Times Kuala Lumpur Q1 2015: Cautious Sentiment Aggravates Uncertainties” report.

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