KUALA LUMPUR (Feb 1): Interest in major cities in Asia is projected to continue to increase this year, with Kuala Lumpur having secured a spot in the top 10 trending global travel destinations, according to reviews by global travellers on Tripadvisor. According to Tripadvisor, Asia, with emerging travel hotspots for 2024, comes out top, securing…
Read MoreAzmir (left) and Doh convey enthusiasm on the JV. KUALA LUMPUR: Sime Darby Property Bhd through its wholly owned subsidiary Seed Homes Sdn Bhd has signed a shareholders’ agreement with Lagenda Properties Bhd to set up Seed Homes Lagenda, a 50:50 joint venture to develop affordable homes. Seed Homes is a new portfolio under Sime…
Read MoreKUALA LUMPUR (Feb 1): Bon Estates, developer of Bon Kiara in Mont’Kiara, hosted an exclusive pre-Chinese New Year open house event on the Jan 28 to celebrate the onset of the auspicious Year of the Dragon. To commence the festivities, “Bon Estates tantalized guests with a sneak peek of their maiden landed property project in…
Read MoreKUALA LUMPUR (Jan 29): SkyWorld Development Bhd’s SkyAwani 5 Residence in Sentul was recently awarded “an outstanding” 84% high Quality Assessment System in Construction (QLASSIC) score and a prestigious 5-star Safety and Health Assessment System in Construction SHASSIC rating from Construction Industry Development Board (CIDB). In a media release today, SkyWorld stated that the QLASSIC…
Read MoreKUALA LUMPUR (Jan 30): Sunway Real Estate Investment Trust’s (Sunway REIT) net property income (NPI) decreased by 7.2% to RM135.7 million for the fourth quarter ended Dec 31, 2023 (4QFY2023) from RM146.2 million in the previous year’s corresponding quarter. The contraction in Sunway REIT’s NPI was attributed to higher reversal of doubtful debt provision recorded…
Read MoreKUALA LUMPUR (Jan 30): After falling into the limelight due to being listed as one of the assets former finance minister Tun Daim Zainuddin failed to declare to the Malaysian Anti-Corruption Commission (MACC), Avillion Bhd has assured that it is business as usual for the company. “Avillion is a public company listed on Bursa Malaysia….
Read MoreKUALA LUMPUR (Jan 30): CapitaLand Malaysia Trust (CLMT) reported a 54.4% jump in its net property income (NPI) for the fourth quarter of its 2023 financial year (4QFY2023) to RM63.02 million from RM40.8 million in the corresponding quarter in FY2022, as it reported stronger revenue. The trust’s revenue rose 57.5% to RM108.51 million in the…
Read MoreKUALA LUMPUR (Jan 30): Higher rental income lifted IGB Real Estate Investment Trust’s (IGB REIT) net property income (NPI) by 9.08% to RM115.24 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM105.64 million recorded in the same period a year earlier. IGB REIT posted revenue of RM158.47 million for 4QFY2023, a 6.6%…
Read MoreKUALA LUMPUR (Jan 30): Lui Chong Chee has resigned as chairman and non-executive and independent director of CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), manager of CapitaLand Malaysia Trust (CLMT), with effect from Feb 1. Lui, 63, tendered his resignation due to other commitments and responsibilities, according to CLMT’s bourse filing on Tuesday. Lui was…
Read MoreKUALA LUMPUR (Jan 31): Mah Sing Group Bhd will be developing 185 acres “prime industrial development” named Mah Sing Business Park, Sepang with an estimated gross development value (GDV) of approximately RM728 million. Mah Sing Business Park will be developed by Fusion Heights Development Sdn Bhd, a subsidiary of Mah Sing South Sea Industrial Development…
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