The High Court allowed the forfeiture of Ricky Wong Shee Kai’s luxury condominium unit at Four Seasons Place in Kuala Lumpur, as well as RM445,039.28 in the businessman’s personal fixed deposit account.
Gamuda Land, in collaboration with Meaningfull Life, is launching Malaysia’s first integrated eldercare facility within its twentyfive7 township, setting a new benchmark for multi-generational community living.
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.
Economists anticipate Bank Negara Malaysia (BNM) to maintain its overnight policy rate (OPR) at 3% throughout 2025, in a move to strike a balance between sustaining economic growth and managing rising inflationary pressures.
CapitaLand Malaysia Trust (KL:CLMT) posted a 15% year-on-year increase in its fourth quarter net property income (NPI) on higher revenue contribution from the majority of CLMT’s properties, supported by stronger retail sentiment.
CapitaLand Malaysia Trust (KL:CLMT) said it will continue to seek acquisition opportunities in industrial and logistic assets across Penang, Johor and the Klang Valley this year.
Sentral REIT (KL:SENTRAL) ended the final financial quarter with a flat net property income (NPI), as revenue gains were offset by operating expenses for Menara CelcomDigi.
AME Real Estate Investment Trust (KL:AMEREIT) reported a 1.4% increase in net property income (NPI) for the third financial quarter, thanks to contributions from a newly-acquired property and tenancy renewals at higher rates.
Noteworthy:
When: December 2024
The risk of overbuilding of residential properties would become more apparent in the coming years, particularly in high-growth cities, according to JLL Properties Services (Malaysia) Sdn Bhd (JLL Malaysia).
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