KUALA LUMPUR (May 23): Axis Real Estate Investment Trust (KL:AXREIT), which mainly manages offices and warehouses, said on Thursday it is acquiring two automotive service centres worth RM125 million. Under the purchase agreements, the trust will then lease the properties back to the seller, Cycle & Carriage Bintang Bhd, Axis said in an exchange filing….
Read MoreKUALA LUMPUR (May 23): KLCCP Stapled Group (KL:KLCC) registered a 4.1% increase in net profit for the first quarter ended March 31, 2024 (1QFY2024) to RM188.03 million from RM180.56 million a year earlier, on the back of steady performance across its business segments. The group — comprising KLCC Property Holdings Bhd (KLCCP) and KLCC Real…
Read MoreKUALA LUMPUR (May 24): The end of the diesel fuel subsidy would not impact UEM Sunrise’s performance and service delivery, the developer assured stakeholders in a media release yesterday. “In light of the recent announcement by the YAB Prime Minister concerning the diesel subsidy rationalisation, UEM Sunrise Bhd understands the concerns from our stakeholders regarding…
Read MoreUsing EdgeProp EPIQ mapping tools, find out exactly where the recreational spaces are and gain a measure of how green each area is. In the ever-evolving landscape of the Klang Valley, the allure of green spaces not only enhances urban living but also boosts property values. According to a report by URBANET, “property values tend…
Read MoreIs urban sprawl a necessary consequence of economic development? Urban sprawl has always been a growing concern in Malaysia as property developers continue expanding their projects into previously undisturbed outskirt and rural areas, some without giving much regard to the environment and its inhabitants. The National Urbanisation Policy by the Local Government Development Ministry…
Read MoreMalaysia has one of the highest urbanisation rates in Southeast Asia. Single housing is becoming increasingly prominent in Malaysia’s real estate market today. This trend has a number of implications that are driving changes to suit the evolving needs of many Malaysians. Developers are building smaller homes to meet the demand of single buyers as…
Read MoreKUALA LUMPUR (May 23): Construction outfit Fajarbaru Builder Group Bhd (KL:FAJAR) saw its net profit jumped more than 14 times to RM27.19 million for the third quarter ended March 31, 2024 (3QFY2024), from RM1.91 million a year earlier, mainly due to higher contribution from property development segment. This is the group’s highest quarterly profit since…
Read MoreKUALA LUMPUR (May 24): Shares of utilities-to-hotels conglomerate YTL Corporation Bhd (KL:YTL) and its related stocks on Friday snapped consecutive days of rally despite notching earnings growth in their third quarter (3QFY2024) financial results. YTL fell as much as 9% while YTL Power International Bhd (KL:YTLPOWR) was down as much as 11.3% during Friday’s trading…
Read MoreKUALA LUMPUR (May 23): YTL Corp Bhd (KL:YTL) posted a 19.8% increase in net profit for its third financial quarter ended March 31, 2023 (3QFY2024), as all of its business segments — construction, cement and building materials, property investment and development, management services and others, hotels, and utilities — reported higher earnings. The quarterly net…
Read MoreKUALA LUMPUR (May 23): Shares of Sime Darby Property Bhd (KL:SIMEPROP) climbed to its highest in nearly six years as analysts scrambled to raise their forecasts after the developer reported better-than-expected results. SimeProp rose as much as 5.6% or six sen to RM1.13, its highest since August 2018. The stock was trading at RM1.11, valuing…
Read More
