KUALA 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…
Read MoreKUALA 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 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 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 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…
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