UOA REIT, a trust which mainly manages commercial properties, said its net rental income fell 12.7% in its quarter ended March 31, 2024 (1QFY2024) due to lower occupancy rates and higher property operating expenses.
The improvement was due to higher revenue, which was up 20.29% to RM11.85 million in 1QFY2024 from RM9.85 million a year before.
Johor property player KSL Holdings Bhd proposed to acquire 22 land parcels in Pulai measuring a total of 183.33 acres for RM211.58 million.
Chin Hin Group-linked Chiau Haw Loon and Chiau Haw Yew have emerged as the second largest shareholder of Ge-Shen Corp Bhd after acquiring a 18.31% stake in the company.
The High Court has ruled that the Joint Management Body (JMB) of Centrestage Petaling Jaya had the right to claim certain areas in the development as common areas and not private areas belonging to the developer and the purchaser.
Iconic Worldwide Bhd’s latest condominium development dubbed Iconic Harmony in Bukit Mertajam, Penang, has been 70% taken up since its soft launch on April 22.
Meanwhile, the average sub-sale price of houses across Malaysia in the first quarter of 2024 was RM521,614, Juwai IQI said.
... which it had inked an agreement in September last year to sell for RM59.58 million but revoked last week to have Chin Hin Group Property Bhd develop the plot in return for at least RM52 million.
The proposed development will facilitate the use of available space on existing land owned by its unit Starhill REIT Niseko GK in Niseko Town, a skiing resort area in Japan, to enhance the income derived from such land.
The termination came after the builder-cum-property developer failed in its appeal to the EPU for a waiver of the Bumiputera equity requirement to facilitate its acquisition of the Kwasa Damansara land
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