KUALA LUMPUR (Jan 31): Analysts expect forward earnings growth on CapitaLand Malaysia Trust (CLMT) to be mainly backed by positive rental reversions and stable occupancy rates. According to TA Securities, CLMT achieved a 24% year-on-year (y-o-y) increase in realised net profit, reaching RM111.2 million, excluding fair value gains on investment properties. This performance aligns well…
Read MoreKUALA LUMPUR (Jan 31): Construction services firm GDB Holdings Bhd has clinched a RM306 million project to develop a private hospital at Bukit Jalil, Kuala Lumpur. GDB’s wholly owned unit Grand Dynamic Builders Sdn Bhd (GDBSB) was appointed by KL International Hospital Sdn Bhd as the main contractor for the project. KL International Hospital is…
Read MoreKUALA LUMPUR (Jan 31): Avillion Bhd shares rose to a six-month high of seven sen in Wednesday morning trade, after the integrated travel, hotel and property group assured that it is business as usual for the company despite being listed as one of the assets former finance minister Tun Daim Zainuddin failed to declare to…
Read MoreDifferent requirements at the state level have made it difficult for foreigners who want to purchase property in Malaysia. KUALA LUMPUR: The housing and local government ministry has been urged to advise all states to agree to a uniform guideline on foreign investments in residential property in Malaysia. Rahim & Co Research Sdn Bhd executive…
Read MoreKUALA LUMPUR (Jan 30): Ireka Corp Bhd is transferring its 30% stake in two associates linked to The RuMa Hotel and Residences to joint venture partner Aseana Properties Ltd, as part of a settlement to a suit filed by Aseana Properties’ subsidiary last October. Ireka will also transfer back its 19.55% stake in Aseana as…
Read MoreKUALA LUMPUR (Jan 29): Sunsuria Bhd is raising its stake in Bangsar Hill Park Development Sdn Bhd, the developer of the eight-block high-rise residential property Bangsar Hill Park, by another 33% for RM71.42 million cash. The related party transaction (RPT) will see Sunsuria raise its stake in the property developer to 84%, from 51% currently….
Read MoreKUALA LUMPUR (Jan 30): The moderate growth pace of Malaysia’s property market in 2023 is most likely to continue this year, mainly due to buyers remaining cautious in property purchases despite overall sentiment having improved, according to Rahim & Co International Property Consultants Sdn Bhd at the launch of Rahim & Co Research Sdn Bhd’s…
Read MoreKUALA LUMPUR (Jan 30): Shares in integrated travel, hotel and property group Avillion Bhd fell as much as 8.3% or half a sen in the early morning trade session on Tuesday, after it caught the attention of investors on the back of the charging of former finance minister Tun Daim Zainuddin in court on Monday. Avillion…
Read MoreKUALA LUMPUR (Jan 30): The land acquisition process for the Mass Rapid Transit 3 (MRT3) Circle Line project is expected to be completed in two years, according to Mass Rapid Transit Corp Sdn Bhd (MRT Corp) chief executive officer Datuk Mohd Zarif Hashim. Speaking to the media after unveiling the TTDI-Deloitte MRT Station, Zarif said that…
Read MoreKUALA LUMPUR (Jan 30): S P Setia Bhd handed over Gerai MBSA and a surau in Setia Alam Impian, Shah Alam, to the Valuation Department, Shah Alam City Council and the Selangor Islamic Religious Department recently. Approximately RM4.1 million had been spent for the construction of these two amenities. Its general manager Datuk Muhamad Zaili…
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