Market outlook on the Klang Valley, Johor and Penang
DESPITE its subdued performance last year, the Klang Valley property market seems to be picking up momentum this year with encouraging take-up rates observed in the first two months, especially after the Chinese New Year, says Zerin Properties CEO Previndran Singhe.
Luster Industries to take over Kota Bharu mixed development
KUALA LUMPUR (March 10): Loss-making high precision plastic parts manufacturer Luster Industries Bhd is taking over a mixed development project in Kota Bharu, Kelantan.
DONE DEAL: Second storey of a three-storey shoplot at Quartermile, Bayan Baru, Penang
Rented for: RM2,700 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: November 2016 Noteworthy: ● Leasehold ● 1,500 sq ft floor space ● Nearby amenities such as F&B outlets, children’s learning centre, food court and morning market ● About 16km from George Town, 5km from Penang International Airport and 8km from the Penang Bridge The intermediate unit is located at Quartermile, a leasehold commercial development located in Bayan Baru, Penang.
Construction productivity can be boosted by 50% to 60%, says McKinsey Global Institute
PETALING JAYA (March 8): The global construction industry’s productivity has been relatively poor due to multiple reasons, but productivity can be improved as much as 50% to 60% .
Acquisition of CapitaGreen timely for CapitaLand Commercial Trust
SINGAPORE (March 8): DBS is maintaining its “buy” recommendation for CapitaLand Commercial Trust, thanks to the timely acquisition of the remaining 60% stake in CapitaGreen.
CIDB’s building info modelling centre to start ops in May
KUALA LUMPUR (March 8): The Construction Industry Development Board (CIDB) expects its RM2.
Lafarge Malaysia’s Construction Development Lab receives ISO/IEC accreditation
PETALING JAYA (March 8): Lafarge Malaysia Bhd’s Construction Development Lab (CDL) has received the ISO/IEC 17025 accreditation, an international standard that ensures the quality and accuracy of laboratory equipment calibration and sampling analysis.
Rights issue ‘dilutive to yield and NAV’ for Ascott REIT: Religare
SINGAPORE (March 7): The rights issue by Ascott Residence Trust to raise S$442.
Why SREITs should remain in your investment portfolio despite poor sector performance
SINGAPORE (March 7): OCBC Investment Research is maintaining its “overweight” on local REITs identifying bright spots in certain sub-sectors as well as the potential for bargain hunting even as the sector begins to pullback.
