While changing lifestyles and needs have boosted the preference to rent, developers have yet to fully see the potential of the build-to-rent market. PETALING JAYA: A steady increase in property prices over an extended period of time has put home purchasing beyond the reach of many. To this end, developers are expected to cash in…
Read MoreKUALA LUMPUR (Sept 21): Ahmad Zaki Resources Bhd (AZRB) plans to undertake a private placement of 10% of its share base to raise RM12.7 million to fund the engineering and construction group’s working capital requirements. Nearly all of the proceeds, RM12.6 million, has been earmarked for working capital for the group’s engineering and construction division,…
Read MoreKUALA LUMPUR (Sept 21): Maju Offshore Sdn Bhd has offloaded its entire 5.04% stake in loss-making Bina Puri Holdings Bhd to Maju Offshore Capital Sdn Bhd, according to a bourse filing on Thursday. Maju Offshore disposed of the stake to Maju Offshore Capital on Wednesday “to streamline the business in between holding company and its…
Read MoreKUALA LUMPUR (Sept 21): Tanco Holdings Bhd has entered into a joint venture (JV) agreement with Accession Development Sdn Bhd to develop a residential project in Pekan Puchong Perdana, Petaling, Selangor. An indirect wholly-owned unit of Tanco, Palm Springs Development Sdn Bhd, will undertake the design features and components of the project, followed by tabulating …
Read MoreKenanga Research has maintained a cautious stance on Axis REIT due to its declining occupancy rate. PETALING JAYA: The real estate investment trust (REIT) sector may continue to face headwinds on the back of muted consumer sentiment, said Kenanga Research. In a note today, the research house said that the possible implementation of targeted fuel…
Read MoreSime Darby Property Bhd has signed a memorandum of understanding with Tenaga Nasional Bhd to integrate rooftop solar solutions in the group’s townships. (Sime Darby Property pic) PETALING JAYA: Sime Darby Property Bhd (SDP) has signed a memorandum of understanding (MoU) with Tenaga Nasional Bhd (TNB) to integrate rooftop solar solutions in the group’s townships…
Read MoreKUALA LUMPUR (Sept 21): Sime Darby Property Bhd has signed a memorandum of understanding (MOU) with Tenaga Nasional Bhd (TNB) to integrate rooftop solar solutions in the group’s townships and developments. In a statement on Thursday (Sept 21), Sime Darby Property group managing director Datuk Azmir Merican said the collaboration is a step towards transitioning…
Read MoreKUALA LUMPUR (Sept 21): Kenanga Research maintained its “neutral” call on the real estate investment trust (REIT) sector due to subdued consumer sentiment, dragged by inflation and the implementation of targeted fuel subsidies possibly undermining spending capacity. The research firm in a note on Thursday said that although office spaces are becoming more relevant, overall occupancy…
Read MoreKUALA LUMPUR (Sept 21): Analysts have raised their target prices (TPs) for Scientex Bhd after its financial results for the year ended July 31, 2023 (FY2023) met expectations, and as they are more bullish on the company’s property segment due to the stable interest rate environment. TA Securities said Scientex’s property segment saw a strong…
Read MoreKUALA LUMPUR (Sept 21): Ministry of Local Government Development (KPKT) has recently introduced the urban renewal implementation guidelines after being approved by the cabinet according to Local Government Development Minister Nga Kor Ming (pictured) at the topping out ceremony of TRX Residences. The guidelines consist of four components, beginning with urban redevelopment, urban rejuvenation, urban…
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