The most anticipated merger deal between Eco World Development Group Bhd (EcoWorld) and UEM Sunrise Bhd has been called off after three months of discussions. Both companies have issued press statements on Jan 13 to announce their decisions to cease merger talks. The talks, which started in October last year, had captured the industry’s attention,…
Read MoreUEM Sunrise Bhd has ended all discussions on the proposed merger with Eco World Development Group, following EcoWorld’s earlier announcement on calling off the proposed merger deal. In a media statement on the night of Jan 13, UEM Sunrise said it will continue to focus on the implementation of its growth strategies to maintain its…
Read MoreChin Hin Group Property Bhd has proposed to acquire a 1,943 sq metre vacant land in Kuala Lumpur for RM20.91 million to develop office lots. The group said BK Alliance Sdn Bhd, its indirect 51%-owned unit, is buying the land from Suez Domain Sdn Bhd. The 94-year lease on the land expires in 2112, it…
Read MoreIt has been officially announced that the Kuala Lumpur-Singapore high-speed rail (HSR) is terminated. As a result, it seems to be bad news for property developments that hoped to ride on the “potential” of the mega project. There is of course still hope of a Malaysian effort only HSR from KL to Johor Bahru but…
Read MoreIt is no secret that the real estate market has been deeply affected due to the Covid-19 pandemic. In Asia Pacific, JLL foresees a new cycle appearing as a result of the hampering from the Covid-19 pandemic. With optimistic news on the distribution of the Covid-19 vaccine, the real estate market is expected to rebound…
Read MoreMah Sing Group’s mid-to-long-term outlook remains positive for financial year 2021 (FY21), on the back of strong sales achieved in the last few quarters and the upcoming glove production business’ positive contribution to its FY21’s earnings and beyond. In a research note today, AmInvestment Bank lauded the group’s quick turnaround business model that launches new…
Read MoreThe industrial and logistics sectors will continue to be the top performing sector for 2021, predicts Savills Malaysia. It notes that Covid-19 has accelerated the growth in e-retailing businesses in both the warehousing and logistics sectors, and investors are actively looking at this strong asset class as an all-time favourite investment. “Warehousing continues to be…
Read MoreMCT Berhad (MCT) is looking to officially unveil its Aetas Damansara development in this month, after the project was previewed and garnered a healthy take-up rate in November 2020. In a media statement today, the company said Aetas Damansara, a residential development which jointly developed by MCT and Ayala Land, Inc, has a gross development…
Read MoreThe Ministry of Tourism, Arts and Culture (MOTAC) should consider reopening the Malaysia My Second Home (MM2H) program for economic gain, urged Bukit Gasing assemblyman Rajiv Rishyakaran.“Freezing the program is almost like killing the goose that lays the golden eggs,” Rishayakaran said as he believed that unfreezing the program will not only help boost rental…
Read MoreThe Selangor State Development Corporation (PKNS) is optimistic of remaining competitive in the property sector amid the COVID-19 pandemic through the implementation of the Strategic Recovery Plan launched earlier this year. Chief Executive Officer Siti Zubaidah Abd Jabar said following the depressed property sector over the last three years coupled with the impact of COVID-19 pandemic,…
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