Axis REIT acquires N Sembilan industrial facilities for RM48m
Axis Real Estate Investment Trust (REIT) is acquiring industrial premises in Negeri Sembilan for a cash consideration of RM48 million.
EcoFirst to have RM9.2m net gain despite selling eight retail units at lower than market price in related party transaction
EcoFirst Consolidated Bhd has clarified that the group still has a net gain despite disposing of eight out of 15 retail units at lower than market price in a recent related party transaction.
Gadang nearly doubles 1Q earnings on stronger property sales, full commissioning of Indonesian mini hydropower plant
Gadang Holdings Bhd nearly doubled its net profit for the first quarter ended Aug 31, 2023 (1QFY2024) from a year ago, thanks to stronger property sales, coupled with the commencement of commercial operations of its nine-megawatt (MW) mini hydropower plant in Lintau, Indonesia.
CLMT’s 3Q NPI jumps 53% to RM58 mil, pays 1.05 sen DPU
CapitaLand Malaysia Trust’s (CLMT) net property income (NPI) climbed 52.6% to RM58.32 million for the third quarter ended Sept 30, 2023 (3QFY2023) from RM38.21 million a year earlier on higher revenue, boosted by income contributions from Queensbay Mall and more revenue contributions from its retail properties.
Lawmaker questions cost discrepancy between five revived LRT3 stations and Penang LRT project
A lawmaker has questioned the significant cost difference between the estimated costs for the construction of five previously cancelled Light Rail Transit Line (LRT3) stations in the Klang Valley and Penang's much larger LRT project.
Glomac CEO urges deferment of 4% stamp duty on foreign buyers as property, construction sectors not back in 'era of stability'
While lauding the proposed relaxation of the Malaysia My Second Home (MM2H) rules under Budget 2024, Glomac Bhd managing director and chief executive officer (CEO) Datuk Seri Fateh Iskandar Mansor (FD Iskandar) urged the government to consider imposing the flat 4% stamp duty on Memorandum of Transfer (MOT) documents on foreign property purchasers only after there is significant uptake of units in the local market.
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Airbnb collaborates with PLANMalaysia on guidelines for short-term rental accommodation
Airbnb, operator of an online marketplace for vacation rentals and tourism activities, recently teamed up with the Town and Country Planning Department (PLANMalaysia) to develop a set of guidelines for short-term rental accommodation (STRA) nationwide, it announced in a press release on Wednesday.
Radium Development completes RM40,000 CSR upgrading works for Shelter Home for Children OUG
Radium Development Bhd has completed RM40,000 worth of upgrading works for Shelter Home for Children’s residence at Taman Overseas Union Garden (Taman OUG) to show its commitment to corporate social responsibility (CSR).
Renaissance Kuala Lumpur Hotel & Convention Centre reopens its doors this month
Renaissance Kuala Lumpur Hotel & Convention Centre in the city centre reopened its doors to the public on Oct 20, after having closed down in June 2020 for renovations.
Grand Global's Grand Damansara Lifestyle Suites tower in PJ 75% taken-up since official launch
Property developer Grand Global Heights Development Sdn Bhd's Grand Damansara mixed development in Petaling Jaya has achieved a 75% take-up rate for its Lifestyle Suites tower since the office component's official launch last weekend (Oct 21 and 22), according to a press release issued on Tuesday.
