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.
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.
KUALA LUMPUR (June 22): Axis REIT Managers Bhd (ARMB), the manager of Axis Real Estate Investment Trust (Axis-REIT), is acquiring an industrial facility in Port Klang, Selangor from Haisan Resources Bhd for RM46 million cash on an acquisition and leaseback arrangement.
PETALING JAYA (May 10): Before investing in property, buyers place priority on location and would look to get more information online, and they hope theedgeproperty.
KUALA LUMPUR (April 24): Malaysian property developers can halt the degradation of the environment and go green by improving their corporate social responsibility practices, said Deputy Minister of Urban Well-Being, Housing and Local Government Datuk Halimah Mohamed Sadique.