Number of deals to rise as REITs seek to build
MALAYSIAN real estate investment trusts (M-REITs) are touted as safe haven assets for investors seeking safety in dividend yields post-Brexit.
BAssets ties up with Foshan City to foster trading activities
KUALA LUMPUR (July 13): Berjaya Assets Bhd (BAssets)'s unit, Berjaya Waterfront Sdn Bhd, has inked a Memorandum of Understanding (MoU) with Foshan City Bureau of Commerce (FCBC) to establish a strategic collaboration partnership to foster trade and investment activities.
M-REITs may be allowed to build own properties
MALAYSIAN real estate investment trusts (M-REITs) may soon be allowed to put as much as 15% of their total assets into development projects and vacant land for development and are already positioning themselves for the liberalisation that is slated for the end of the year, industry sources say.
Damansara Realty banking on property unit to return to the black
KUALA LUMPUR (July 4): Many companies may have painted a gloomy outlook for the domestic property sector, but this is the sector Damansara Realty Bhd is focusing on this year in seeking to return to profitability.
Are Rent-to-Own schemes the answer to easier home ownership?
OWNING a house could be a costly dream for the working class, but it is deemed the worthiest investment for most people — even if you can’t enjoy capital appreciation, at least you will still have a roof over your head and a place that you could call your own.
Penang rebuts claim it owes CZBUCG RM100m in feasibility studies fees
GEORGE TOWN (June 30): The Penang government yesterday rebutted Consortium Zenith BUCG Sdn Bhd’s (CZBUCG) claim that the latter has yet to receive RM100 million as payment for the feasibility studies and detailed design work the consortium had completed so far for the RM6.
Setia EcoHill 2 cluster semi-dees received 70% bookings over the weekend
PETALING JAYA (June 27): S P Setia Bhd saw 70% of its cluster semi-detached homes in the first phase of Setia EcoHill 2, Semenyih booked during its preview last weekend.
BCB scales down launches to bite-sized portions
KUALA LUMPUR (June 27): Little-known Johor Bahru-based property developer BCB Bhd, which has seen its earnings balloon near six times in the last four years, is scaling down its launches to bite-sized portions as headwinds continue to buffet the local property market.
Sunway REIT buys land from parent for Sunway Carnival mall extension
KUALA LUMPUR (June 20): Sunway Real Estate Investment Trust (REIT) has bought a tract of land measuring 143,225 sq ft (13,306 sq m) adjacent to its Sunway Carnival Shopping Mall in mainland Penang from its parent Sunway Bhd, for RM17.
Sunway expects to sustain performance despite challenges
KUALA LUMPUR (June 17): Sunway Bhd expects to sustain its performance for the current financial year ending Dec 31, 2016 (FY16) despite challenges faced by the property and construction sectors.
