Weak market sentiment, developers, holding back launches

The Klang Valley residential market continued to slump for the second quarter of 2015 (2Q2015) in the aftermath of the implementation of the Goods and Services Tax (GST) in April, coupled with the weakening of the ringgit, which have tightened domestic spending.

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Al-Salam REIT’s IPO oversubscribed 2.96 times

KUALA LUMPUR: The general public portion of the initial public offering (IPO) of al-Salam Real Estate Investment Trust (REIT), en route to list on the Main Market of Bursa Malaysia on Sept 29, has been oversubscribed by 2.

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