O&C Resources unit gets RM101.08 mil PR1MA deal in Melaka
Contract is for a period of three years.
No public involvement in MRT trial run, says MRT Corp
“The tests and trial runs will not involve members of the public as we have to be absolutely sure that everything works fine before we open the line to the public.”
KL airbase relocation works give TRX City a boost
TRX City Sdn Bhd (formerly known as 1MDB Real Estate Sdn Bhd) saw a net profit of RM380.6 million in the financial year ended March 31, 2015 (FY2015). But it could have been a lot less had it not been for the income from the relocation of the Kuala Lumpur Air Force base (Pangkalan Udara Kuala Lumpur or PUKL).
Staying ahead during challenging times
THE slowdown in the property market is not news to developers and the public. But some developers have weathered the headwinds by planning carefully and implementing good strategies. For a glimpse of this, we asked the winners (Top 10) of last year’s The Edge Malaysia Top Property Developers Awards for their views at the start of the evaluation of this year’s Top 10 ranking.
Penang proposing rent control on pre-war buildings at Unesco heritage site
"We are seeing an unnatural increase of rental at [the] George Town Unesco site and the tenants had been complaining that they had suffered more than 500% hike in rental for several years, which had forced them out, leaving their business."
‘More stable business outlook’ for Starhill Global REIT
SGREIT recently announced a FY16 revenue of S$219.7 million (RM661.8 million), net property income (NPI) of S$170.3 million, as well as a DPU of 5.18 cents.
Phase 1 of MRT Line 1 undergoing mechanical testing, 86% complete
MRT Corp chief executive officer Datuk Seri Shahril Mokhtar said 86% of the first phase of the line has been completed, with trial runs to start in October.
Scomi to sell, lease back Rawang land to Axis REIT for RM42 mil
According to SEB’s filing yesterday, Scomi Coach Sdn Bhd, a wholly-owned unit of Scomi Transportation Systems Sdn Bhd, which is SEB’s wholly-owned subsidiary, together with SEB inked a sale and purchase agreement and a leaseback agreement with Axis REIT.
Weak ringgit prompts Malaysians to invest more offshore
The exchange rate of the local currency does not fare well in the low crude oil price environment.
Hunting for bargains in Brexit Britain
Investor confidence and demand shaken by Brexit woes could see UK commercial property values fall by more than 25%, while London home prices could be hit harder with a decline of more than 30%, analysts with Société Générale predict.
