KUALA LUMPUR (Aug 8): TSH Resources Bhd’s (KL:TSH) land sales, which would have fetched roughly 2.43 trillion Indonesian rupiah (RM731.09 million), in North Kalimantan have been downsized to RM447.17 million. The plantation group announced to the stock exchange that its plan to sell the remainder of three land plots in North Kalimantan did not materialise,…
Read MoreKUALA LUMPUR (Aug 8): Analysts have trimmed their earnings forecasts for Sentral REIT (KL:SENTRAL), following a lease expiry at Menara Shell in May, but see limited downside risk to occupancy rates in the medium term. Calls on the REIT’s units remained mixed following the latest quarterly results, although analysts flagged its appealing distribution yield as…
Read MoreKUALA LUMPUR (Aug 7): Tesla Inc has scrapped plans to set up factories in Malaysia, Thailand, and Indonesia, and the US electric car maker will focus solely on charging stations, Thai online news portal The Nation reported on Wednesday. “Tesla is currently only discussing charging stations, with the factory plans suspended not just in Thailand…
Read MoreKUALA LUMPUR (Aug 8): The Attorney General’s Chambers (AGC) said it will appeal the High Court decision ordering the government to transfer 263.27 acres of land known as the “Duta enclave” to Semantan Estate (1952) Sdn Bhd. “The AGC, representing the Federal Territory Land Registrar, will file the appeal in the Court of Appeal and…
Read MoreMadani housing blocks requirement will cause further increase in free market prices, says REHDA “We are committed to provide affordable housing, but the focus should be on the right location, as some areas require more affordable housing units, while some require less due to the weak demand in those areas. There should be more targeted…
Read MoreKUALA LUMPUR (Aug 8): Real estate developer I-Bhd (KL:IBHD) said on Thursday its net profit tripled in the second quarter from a year earlier, thanks to a turnaround of its leisure business and higher property investment income. Net profit for the quarter ended June 30, 2024 (2QFY2024) was RM5.45 million, compared with RM1.82 million for…
Read MoreKUALA LUMPUR (Aug 8): International players continue to enter the Malaysian industrial market, driven by the global supply chain diversification strategy known as China Plus One, according to JLL Malaysia’s 2Q2024 Greater Kuala Lumpur Property Market Monitor, which was launched on Wednesday. This strategy aims to reduce dependence on China by diversifying sourcing and production…
Read MoreKUALA LUMPUR (Aug 8): Analysts continue to be positive about Sentral REIT (KL: SENTRAL), noting its appealing yield compared to the sector average. Maybank in a note on Thursday said Sentral REIT offers a favourable FY2024 net dividend yield of 7%, above the sector average of 5.6%. Maybank maintained its “buy” call on Sentral REIT…
Read MoreKUALA LUMPUR (Aug 7): In a decision that is expected to affect the land industry in the city and the government, the High Court on Tuesday has allowed the application by the liquidator of Semantan Estate (1952) Sdn Bhd for the 263.27-acre land in Mukim Batu — known as the “Duta enclave” that currently houses…
Read MoreKUALA LUMPUR (Aug 6): The special high-level committee on Malaysian Civil Servants’ Housing Projects (PPAM) has agreed that an outcome study needs to be conducted to evaluate the effectiveness of the PPAM implementation. Chief Secretary to the Government Tan Sri Mohd Zuki Ali (pictured) hoped the study would focus on elements such as affordable pricing,…
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