KUALA LUMPUR (Oct 29): Axis Real Estate Investment Trust (KL:AXREIT) (Axis REIT) saw its third quarter net property income (NPI) rise 12% to RM69.35 million from RM61.90 million a year earlier, as it recognised contribution from newly acquired properties. New tenancies from its logistics warehouse Axis Mega Distribution Centre (Phase 2) and positive rental reversion…
Read MoreKUALA LUMPUR (Oct 29): Higher rental income provided a boost to IGB Real Estate Investment Trust (REIT) (KL:IGBREIT) and IGB Commercial REIT’s (KL:IGBCR) net property income (NPI) for the third quarter ended Sept 30, 2024 (3QFY2024). IGB REIT’s NPI for 3QFY2024 rose 2.53% to RM114.11 million from RM111.29 million in the same period last year….
Read MoreKUALA LUMPUR (Oct 29): PLUS Malaysia Berhad (PLUS) will activate 21 smart lane locations during the Deepavali holiday season, starting this Wednesday, to facilitate smoother traffic flow in areas identified as critical congestion points. Ministry of Public Works (Policy and Development Sector), deputy secretary-general, Datuk Zahrul Hakim Abdullah, noted that these locations are an addition…
Read MoreKUALA LUMPUR (Oct 29): The federal government may consider handing over undeveloped land within the disputed Duta Enclave — a 263.27-acre (106.54-hectare) plot in Mukim Batu — to Semantan Estate (1952) Sdn Bhd, Prime Minister Datuk Seri Anwar Ibrahim said. This follows the High Court’s October ruling that the Duta Enclave should be returned to Semantan…
Read MoreMaimunah (centre) and Ho (right) pouring in coloured liquid which blended into one colour to signify the unifying of communities within properties. Looking on is Chan (left). By the year 2040, Kuala Lumpur will require 783,333 housing units to ensure that every household has the opportunity to own a home. This target reflects the city’s…
Read MoreKUALA LUMPUR (Oct 28): Housing developers are encouraged to install solar panels on rooftops in new housing projects, in line with Malaysia’s commitment to achieving net-zero greenhouse gas emissions as early as 2050 through the National Energy Transition Roadmap. Deputy Prime Minister Datuk Seri Fadillah Yusof (pictured) said that so far, Sime Darby Property Bhd…
Read MoreKUALA LUMPUR (Oct 28): The reinstatement of five stations on the LRT3 line in Shah Alam, Selangor is expected to cost RM5.3 billion, higher than initially estimated, says Deputy Transport Minister Hasbi Habibollah. This is higher than the RM4.7 billion cost estimated when Prime Minister Datuk Seri Anwar Ibrahim announced the revival plan for the…
Read MoreMah Sing, Bridge Data Centres ink second JV to expand DC Hub@Southville City to 300MW power capacity This latest partnership builds on the initial agreement signed in May 2024 and together, these agreements increase the total planned power capacity to 300MW. KUALA LUMPUR (Oct 28): Mah Sing Group Bhd has signed a second collaboration agreement…
Read MoreKUALA LUMPUR (Oct 28): BlackBerry Ltd has chosen Cyberjaya, Selangor as headquarters for its cybersecurity operations in the Asia-Pacific (Apac), according to a press release on Monday. Already operational, this regional hub marks a milestone in BlackBerry’s Apac strategy, positioning the company close to emerging technology centres and key government infrastructure. “Malaysia is a strategically…
Read MoreSalem, 55, a seasoned professional in the property development and real estate sector, will be stepping into the role to oversee KLCC REIT’s operational and strategic direction. KUALA LUMPUR (Oct 28): KLCCP Stapled Group (KL:KLCC) has appointed Datuk Mohd Salem Kailany (pictured) as the chief executive officer of KLCC Property Holdings Bhd and KLCC REIT…
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