By Joseph Wong The gradual migration from bustling urban centres to tranquil suburban neighbourhoods has instigated a significant surge in the demand for single-family homes, heralding a transformative shift in the housing landscape. The trajectory of home sales in recent years reflects a pronounced uptick, with realtors projecting a further 10% increase in 2024. This…
Read MoreKUALA LUMPUR (April 19): UEM Sunrise Bhd held a groundbreaking ceremony for The Beat 2.0, Kiara Bay, a follow up to The Beat retail development. UEM Sunrise also signed partnerships with Harvey Norman Malaysia and BM Green Energy Sdn Bhd during the event. Since its inception in Kiara Bay on April 2022, The Beat has…
Read MoreKUALA LUMPUR (April 19): Hong Leong Investment Bank (HLIB) said Kimlun Corp Bhd’s earnings is primed for promising prospects in FY2024-25, underpinned by an unbilled orderbook of RM2.48 billion (3.0x cover on FY2023 revenue and the highest achieved since FY2018), with 85% dedicated to construction and the remaining to precast manufacturing. In a technical tracker…
Read MoreKUALA LUMPUR (April 18): Malaysia Building Society Bhd (MBSB) has recommended a final dividend of 3.5 sen for the financial year ended Dec 31, 2023 (FY2023). This would equate to a payout of RM287.78 million, based on the bank’s share base of 8.22 billion shares as at end-December 2023, according to MBSB’s bourse filing on…
Read MoreKUALA LUMPUR (April 18): Malaysia’s current tallest building, the Merdeka 118 tower, has been awarded the Leadership in Energy and Environmental Design (LEED) Platinum certification in the LEED v2009 Core and Shell rating system, marking it as the first megatall building in the country to achieve it, according to a press statement on Thursday. For…
Read MoreKUALA LUMPUR — MIDF Research has maintained a positive outlook on the property sector as it sees the landscape for the sector is improving, underpinned by a stable House Price Index (HPI) outlook, an unchanged overnight policy rate at 3.0 per cent, and a noticeable reduction in residential overhang. Additionally, the upcoming infrastructure projects such…
Read MoreKUALA LUMPUR (April 18): Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental…
Read MoreKUALA LUMPUR (April 17): IGB Real Estate Investment Trust (IGB REIT) reported on Wednesday, a 4.79% jump in its first-quarter net property income (NPI) from a year earlier, thanks largely to higher rental income. NPI for the first quarter ended March 31, 2024 (1QFY2024) rose to RM124.24 million, from RM118.55 million last year, according to…
Read MoreTransit-oriented Developments (TODs) continue to emerge due to the growing value of convenience in urban areas. By Yanika Liew From the Mass Rapid Transit to the East Coast Rail Link (ECRL) and the Penang Light Rail Transit project, the rail industry sees increased focus as the government zeroes in on Malaysia’s public transportation needs. With…
Read MoreKUALA LUMPUR (April 16): YNH Property Bhd said the independent review of its joint venture (JV) and turnkey construction agreements, which was initially slated to be completed this week, needs more time. The property developer said it had only been able to move towards finalising the appointment of a professional firm after it appointed a new…
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