News about state

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KUALA LUMPUR (Aug 14): Malton Bhd said Pavilion Real Estate Investment Trust (REIT) has agreed to participate in the ownership of its ongoing shopping mall development called Pavilion Bukit Jalil located in Bukit Jalil City here.

Axis Real Estate Investment Trust (Aug 9, RM1.

KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.

PETALING JAYA (Aug 9): 1Malaysia Development Bhd (1MDB) is still the registered owner of 234 acres of land in Air Itam, Penang, even after it was sold to another company as the transfer of ownership is incomplete, reported the Malay Mail.

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PETALING JAYA (Aug 9): Malaysian Institute of Estate Agents (MIEA) holds an optimistic outlook of the property market and believes that real estate investors will make a comeback, due to improving fundamentals under the new government and new policies to address the sector's issues.

Axis Real Estate Investment Trust (Aug 7, RM1.

JASIN (August 7): Melaka will let the people “see for themselves” to witness that policies are implemented in a transparent manner, by opening its doors to observers at the main meeting of the Local Government Authorities (PBT).

KUALA LUMPUR (Aug 7): Axis Real Estate Investment Trust’s (Axis REIT) net property income or NPI rose 15% to RM26.