KUALA LUMPUR (Nov 2): In celebration of World Town Planning Day, which falls on Nov 8, the Malaysian Institute of Planners (MIP) is hosting its yearly National Planning Congress (NPC) 2023 in Putrajaya, alongside Putrajaya Corporation and PLANMalaysia. Based on the theme “Madani Planning in SDG2030 acceleration”, the event will see speakers from various Commonwealth…
Read MoreBy Chang Kim Loong ALFRED walks into a property expo at an esteemed convention centre looking for his dream home after saving enough money. As he meanders through aisle upon aisle of booths packed with visitors, he is attracted by one developer’s set-up. The booth is impressively designed, showcasing one of the most comprehensive range…
Read MorePenang’s property market is an attractive investment opportunity for investors and developers, says TA Securities. (Bernama pic) PETALING JAYA: TA Securities is convinced that the Penang Transport Master Plan (PTMP) will serve as a solid rerating catalyst for the state’s construction sector. “We are optimistic about Penang’s residential property market. “It is driven by the…
Read More(From left) Rehda Kuala Lumpur chairperson Ra Adrina Muztaza, MAPEX 2023 organising chairman Datuk Chan Kin Meng, Rehda president Datuk NK Tong, Local Government Development Minister Nga Kor Ming, the ministry’s head secretary Datuk M Noor Azman Taib and Rehda Selangor chairman Datuk Zaini Yusoff give the thumbs up at the opening ceremony. Local Government…
Read MoreKUALA 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…
Read MoreKUALA 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,…
Read MoreKUALA 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…
Read MoreKUALA 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…
Read MoreKUALA 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…
Read MoreKUALA 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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