KUALA LUMPUR (Jan 4): Hong Leong Investment Bank (HLIB) Bhd has maintained its “neutral” stance on the property sector on the expectation of a normalised pace of billings and moderate growth in new property launches and sales throughout the year of 2024. The property sector stood out as the second best performing sector on Bursa…
Read MoreTropicana Corporation Bhd is confident in enhancing its market presence and contributing to future earnings, backed by high unbilled sales and robust property sales. PETALING JAYA: Tropicana Corporation Bhd recorded solid unbilled sales of RM2.3 billion in 2023, placing the company in a good position to deliver sustainable earnings in the next few years. The…
Read MoreKUALA LUMPUR (Jan 2): Nestcon Bhd has bagged RM251.5 million in construction works for a mixed development project in Mukim Petaling in the Klang Valley. In a bourse filing, Nestcon said its wholly-owned subsidiary Nestcon Builders Sdn Bhd had accepted a Letter of Award (LOA) from Altimas Sdn Bhd. The work under the LOA consists…
Read MoreKUALA LUMPUR (Jan 3): The real estate investment trust (REIT) sector would be minimally affected by the high-value goods tax, as tenants’ profit sharing is less than 10% of the mall’s total revenue, while the potential impact on luxury goods buyers is likely to be limited due to their comparatively lower price sensitivity given their…
Read MoreKUALA LUMPUR (Jan 3): Investment in Asia-Pacific cold storage real estate will likely cross US$2 billion (RM9.26 billion) between now and 2030, compared to a US$948 million high in 2021, according to international commercial real estate and investment management company JLL’s latest research report, Cold chain, unlocked: The cold storage opportunity in Asia Pacific. In…
Read MoreKUALA LUMPUR (Jan 1): Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa wants to address legacy issues, and improve the quality of life for city folks. Issues such as cleanliness and safety around Masjid Jamek and the River of Life area, homelessness and the influx of undocumented foreign nationals in Jalan Silang and several main roads…
Read MoreBy Datuk Chang Kim Loong In this second part of the article, we discuss what a conveyancing lawyer does to protect the parties involved. DO you know that under the National Land Code, the designated persons to witness the signatures in all dealing instruments including a Memorandum of Transfer (MOT) are an advocate and…
Read MoreBy Datuk Chang Kim Loong In the first of a two-part article, we look at why a conveyancing lawyer is needed when purchasing real estate. ON May 31, 2014, StarBiz published my article entitled “Leave conveyancing to lawyer”. Recently, there have been calls to do away with lawyers in conveyancing transactions, with some uninformed…
Read MoreKUALA LUMPUR (Jan 2): The year 2024 should be a “take-off” year for Malaysia’s medium- to long-term economic transition outlined in last year’s blueprints, masterplans, road maps and legislations, with the economy growth expected to be firmer at 4.4% this year, Maybank Investment Bank (Maybank IB) said. It said these include the Madani Economy, National Energy Transition Roadmap (NETR),…
Read MoreKuala Lumpur’s extensive rail network, comprising over 15 interconnected lines, ensures easy access to popular destinations within the Klang Valley. Living near to a light rail transit (LRT) station or mass rapid transit (MRT) station that is just minutes away from your home comes with many perks. Kuala Lumpur’s extensive rail network, comprising over 15…
Read More
