KUALA LUMPUR (April 25): Shares of CapitaLand Malaysia Trust (CLMT) surged on Thursday to its highest in nearly four years while analysts remained upbeat following better-than-expected first-quarter (1Q) results. CLMT surged as much as four sen or 6.4% to 66.5 sen, its highest since June 2020. At 4pm, the counter pared some gains to trade…
Read MoreKUALA LUMPUR (April 26): Berjaya Corp Bhd (BCorp) has denied that its founder Tan Sri Vincent Tan Chee Yioun (pictured) participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently. In a statement on Friday, BCorp said the article had included inaccurate information that misrepresented the conglomerate’s supposed…
Read MoreKUALA LUMPUR (April 25): JRG Minerals Sdn Bhd is collaborating with Shandong Huaxin Industry Co Ltd for a development project in Kuantan, Pahang, with an estimated value of RM15 billion. In a statement on Thursday, JRG said the duo have inked a memorandum of understanding (MOU) to develop a mixed-use development on 2,428 hectares of…
Read MoreKUALA LUMPUR (April 26): Global real estate agency network IQI is opening its first Indonesia office with the launch of IQI Unreal Bali. This is the latest in its expansion efforts which have encompassed office launches in Japan, Pakistan, and Vietnam. “The launch of IQI Unreal Bali is the latest expression of our strategy of…
Read MoreThis scheme incentivises property owners to invest in solar energy systems by offsetting their electricity bills and potentially earning revenue from surplus energy generation by AUFA MARDHIAH & ZAHIN ZAILANI IN MALAYSIA, both commercial and residential properties have been increasingly adopting solar power installations. The Net Energy Metering (NEM) scheme allows property owners to install…
Read MoreKUALA LUMPUR (April 24): Suria KLCC’s established reputation as a premier shopping destination has set it apart from other malls in the same vicinity, which provided it an effective buffer against new competition, according to KLCCP Stapled Group chief executive officer Datuk Md Shah Mahmood. Suria KLCC recently become a wholly owned subsidiary of KLCCP,…
Read MoreKUALA LUMPUR (April 24): OCR Group Bhd on Wednesday entered into a deal with a landowner to jointly develop a residential project on 18.37 acres (7.43 hectares) of freehold land in Templer, Rawang, with an estimated gross development value of RM313 million. The project comprises 118 semi-detached houses, 37 bungalow lots, and five shoplots, the…
Read MoreKUALA LUMPUR (April 25): Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity. Abd Rahim — the father-in-law of entrepreneur Datuk Fakhri Yassin…
Read MoreTeh considers the real estate as a good business venture that comes with low risk, low cost and high profit. It was in 2017 when Joseph Teh’s tenant-turned-friend told the former he wished to sell his commercial land in Cheras. However, his asking price was RM500 psf, which was significantly higher than the market price….
Read MoreKUALA LUMPUR (April 24): I-Bhd, which develops properties and operates theme parks, said on Wednesday it is planning to issue preference shares to its major shareholder in a deal that could raise up to RM100 million. The proposal calls for the issuance of up to 100 million redeemable preference shares to Sumurwang Sdn Bhd at…
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