News about sia

KUALA LUMPUR (Dec 22): Property developers may need to brace for a sustained low-margin environment next year as they continue building new affordable homes that are expected to crimp their margins.

KUALA LUMPUR (Dec 21): IOI Properties Group Bhd's wholly-owned subsidiary Fortune Premiere Sdn Bhd (FPSB) has issued RM100 million sukuk to refinance its debt, fund its capital expenditure and for working capital.

PETALING JAYA (Dec 21): The recent freeze on four types of developments — including condominiums and serviced apartments priced from RM1 million — will introduce more shoebox dwellings with absolute prices below the threshold, said Knight Frank Malaysia Sdn Bhd research and consultancy executive director Judy Ong.

PETALING JAYA (Dec 20): Malaysia’s residential market is expected to continue to soften, said global property consultancy Knight Frank in its Global House Price Index for 3Q17.

KUALA LUMPUR (Dec 19): Ekovest Bhd has issued a takeover notice to buy a 62% stake in Iskandar Waterfront City Bhd (IWCity) at RM1.

  PETALING JAYA (Dec 19): The rapid rise of Malaysia’s real housing prices since 2008 could be a source of future instability, the World Bank said in a recent report.

PETALING JAYA (Dec 18): The prime office market in Kuala Lumpur is forecast to be weaker for the next 12 months, according to Knight Frank’s Asia Pacific Prime Office Rental Index 3Q17.

KUALA LUMPUR (Dec 15): Bertam Alliance Bhd is buying 1.

KUALA LUMPUR (Dec 15): Sunway Bhd will set up a RM5 billion perpetual Islamic medium term note (IMTN) programme to finance its investment activities, capital expenditure and for working capital.

KUALA LUMPUR (Dec 15): Eco World Development Group Bhd (EcoWorld) will lower its financial year ending Oct 31, 2018 (FY18) sales target to RM3.