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Property News

  • Axis REIT 3Q NPI inches up to RM62 mil, declares 2.15 sen income distribution

    Oct 30, 2023

    KUALA LUMPUR (Oct 27): Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) for the third quarter ended Sept 30, 2023 (3QFY2023) increased marginally by 0.67% to RM61.9 million compared with RM61.49 million, on the back of higher property income. Quarterly revenue edged slightly higher by 0.14% higher to RM71.81 million from RM71.71…

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  • I-Bhd collaborates with CelcomDigi for 5G fibre infrastructure in i-City, Shah Alam

    Oct 30, 2023

    KUALA LUMPUR (Oct 30): I-Bhd has collaborated with CelcomDigi Bhd for the deployment of the telecommunications company’s fibre infrastructure together with access to 5G and technology in the developer’s i-City development in Shah Alam, the developer announced in a press release on Monday. According to I-Bhd chairman Tan Sri Lim Kim Hong in the statement,…

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  • Mitrajaya clinches RM84.5 mil contract for 31-storey block development in KL

    Oct 30, 2023

    KUALA LUMPUR (Oct 30): Mitrajaya Holdings Bhd’s unit, Pembinaan Mitrajaya Sdn Bhd accepted a RM84.5 million contract for the construction of 31-storey block development in Mukim Batu, Kuala Lumpur. The unit clinched the two-year contract from GDP X Properties Sdn Bhd and the project is expected to be completed by December 2025, it said in…

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  • PNB, EPF and KWAP co-invest in Kulim II high-tech industrial asset for RM2b

    Oct 30, 2023

    KUALA LUMPUR (Oct 30): Permodalan Nasional Bhd (PNB) together with the Employees Provident Fund (EPF) and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) have co-invested in the Kulim II high-tech industrial asset, with a total investment value of RM2 billion. According to a joint statement, the co-investors have signed a sale and leaseback agreement with Osram Opto…

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  • HBA lauds KPKT’s move towards build-then-sell

    Oct 30, 2023

    KUALA LUMPUR (Oct 30): The National House Buyers Association (HBA) has lauded the Ministry of Local Government Development (KPKT)’s move towards the build-then-sell (BTS) concept, crediting minister Nga Kor Ming and deputy minister Akmal Nasrullah Mohd Nasir “for having the courage and boldness to finally realise” it. In an announcement last Friday (Oct 27), Nga…

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  • Analysts maintain target prices for Axis REIT

    Oct 30, 2023

    KUALA LUMPUR (Oct 30): PublicInvest Research and CGS-CIMB Research have kept their target prices (TPs) for Axis Real Estate Investment Trust (Axis REIT) unchanged, following its recently announced financial results for the third quarter ended Sept 30, 2023 (3QFY2023). In a note on Monday, PublicInvest kept its dividend discount model (DDM)-derived TP for Axis REIT…

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  • Sick, abandoned housing projects’ loan restructuring subject to financier’s discretion, says minister

    Oct 30, 2023

    KUALA LUMPUR (Oct 30): Approvals to restructure loans and reduce interest on loans for buyers of “sick and abandoned” housing projects are subject to the discretion of the financier, said the Minister of Local Government Development Nga Kor Ming (pictured). The ministry’s initiatives to assist affected homebuyers include issuing letters to confirm the status of…

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  • JKR targets to have 90% usage of building information modelling by 2025

    Oct 27, 2023

    KUALA LUMPUR (Oct 27): The Public Works Department (JKR) has set a target to achieve 70% usage of building information modelling (BIM) in its projects this year and 90% usage by 2025. “The digital transformation of Malaysia’s construction industry is seen as critical, particularly in construction project delivery and comprehensive asset management,” said Director-General of…

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  • Pavilion REIT’s 3Q net property income rises 34.5% with the newly-acquired Pavilion Bukit Jalil

    Oct 27, 2023

    KUALA LUMPUR (Oct 26): Pavilion Real Estate Investment Trust’s (Pavilion REIT) net property income (NPI) for the third quarter ended Sept 30, 2023 (3QFY2023) rose 34.5% to RM121.35 million, from RM90.22 million a year earlier, following the inclusion of income from newly-acquired Pavilion Bukit Jalil. Quarterly revenue gained 43.4% to RM199.21 million from RM138.94 million,…

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  • Fitters Diversified to gain RM12.35 million from Cameron Highlands land disposal

    Oct 27, 2023

    KUALA LUMPUR (Oct 26): Fire protection equipment supplier Fitters Diversified Bhd is disposing of an 8.05-hectare freehold land in Cameron Highlands for RM15 million, with an estimated gain on disposal of RM12.35 million. The disposal of the land to Cameron Highlands Floriculture Sdn Bhd is part of Fitters’ ongoing initiative to rationalise its assets and focus…

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Levia Residence

Levia Residence

From RM504,900 / 15/05/2026
Levia Residence is a high-rise condominium development located in Puchong. Positioned as a transit-oriented development (TOD), the project is situated...
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