KUALA LUMPUR (Jan 23): KIP Real Estate Investment Trust (KL:KIPREIT) said it remains in acquisition mode, aiming to expand its portfolio with more retail and industrial properties. The group wants to hit RM2 billion in assets under management “as soon as possible”, said chief executive officer Valerie Ong Pui Shan (pictured) at a press conference after…
Read MoreKUALA LUMPUR (Jan 23): The High Court allowed the forfeiture of Ricky Wong Shee Kai’s (pictured) luxury condominium unit at Four Seasons Place in Kuala Lumpur, as well as RM445,039.28 in the businessman’s personal fixed deposit account. The property is owned by Havana Bayview Sdn Bhd, of which Wong is a director and substantial shareholder….
Read MoreKUALA LUMPUR (Jan 23): Sentral Real Estate Investment Trust (KL:SENTRAL) is poised for modest earnings growth in fiscal year 2025 (FY2025), driven largely by rental reversion across the REIT’s portfolio, according to analysts. In a note on Thursday, CIMB Securities said that the company’s earnings are expected to grow 2.3% year-on-year (y-o-y), supported by rental…
Read MoreScientex, EdgeProp Malaysia, AFFIN BANK forge partnership to launch exclusive homebuyer rewards for Mori Residences 2 The campaign offers START members with rewards worth more than RM55,000 when they buy duplex units (starting from RM663,000) and penthouse units (starting from RM998,000) at Mori Residences 2 at Rawang. RAWANG (Jan 23): Scientex Bhd has entered into…
Read More“At the current OPR level, the monetary policy stance remains supportive of the economy, and is consistent with the current assessment of inflation and growth prospects,” BNM said. KUALA LUMPUR (Jan 22): Bank Negara Malaysia (BNM) on Wednesday kept the benchmark interest rate unchanged as widely expected, comfortable with its outlook for sustained economic growth…
Read MoreBy Joseph Wong Malaysia’s property market is poised for a year of steady growth and transformation this year, driven by a combination of economic trends, strategic infrastructure developments and evolving buyer preferences. Analysts and industry stakeholders project a cautiously optimistic outlook, highlighting opportunities in both residential and industrial property segments. According to UOB Kay Hian,…
Read MoreKUALA LUMPUR (Jan 21): The East Coast Economic Region Development Council (ECERDC) secured RM13.4 billion in realised investments in 2024, a 56% growth from 2023’s RM8.6 billion. In a statement on Monday, ECERDC said this marks the highest annual investment value recorded for the East Coast Economic Region (ECER). Cumulative private investments from 2018 to 2024 amounted to…
Read MoreKUALA LUMPUR (Jan 21): Mah Sing Group Bhd (KL:MAHSING) is purchasing a 2.78-acre prime land in Sentul here for RM32 million, where it plans to develop its new RM283 million residential development project dubbed M Aria. The new project marks Mah Sing’s third development in Sentul and is estimated to carry a gross development value…
Read MoreKUALA LUMPUR (Jan 21): Retailers at the Battersea Power Station, Malaysia’s largest investment involving public funds in Europe, saw a sales growth of 13.4% in November and December 2024, compared to the same festive trading period in 2023. In a statement on Tuesday, Battersea Power Station Development Company (BPSDC) said the growth was contributed by…
Read MoreContributed by Datuk Chang Kim Loong Kuala Lumpur City Hall (DBKL) must be selective and make a distinction among the different classifications of properties. Perhaps that should be done first before it imposes new rates on new residential, commercial, industrial and mixed development projects. After all, pricing is reflective of current valuations and there are…
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