KUALA LUMPUR: The first phase of 6 CapSquare, the second residential tower under the CapSquare mixed development by Bandar Raya Developments Bhd (BDRB), has achieved a 65% take-up rate following private viewings for previous BDRB customers.

KUALA LUMPUR: Kumpulan Wang Bersama (KWB), a fund under the trusteeship of Amanah Raya Bhd, has proposed to dispose of 69.6 million units in Amanahraya Real Estate Investment Trust (ARREIT) to Perbadanan Kemajuan Negeri Selangor (PKNS) for a total consideration of RM66.12 million or 95 sen per unit, ARREIT announced on Bursa Malaysia on Thursday, Sept 2.

KUALA LUMPUR: Amanahraya Real Estate Investment Trust (ARREIT) has proposed to acquire Kompleks PKNS, Menara PKNS and SACC Mall in Petaling, Selangor, for a total of RM270 million, it announced on Bursa Malaysia on Thursday, Sept 2.

KUALA LUMPUR: FBSM Holdings Bhd has accepted an offer from Mayban Trustees Bhd (MTB), the trustees of AmFirst Real Estate Investment Trust (AmFIRST REIT), to sell FBSM Plaza to Mayban for RM51.5 million cash.

KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST REIT) has proposed to acquire a retail unit measuring about 37,372 sq ft in The Summit Subang USJ Retail Podium for RM6.8 million cash, the fund announced on Bursa Malaysia on Thursday, Sept 2.

KUALA LUMPUR: Sunway City Bhd (SunCity) has proposed to acquire a 45% stake in theme park operator Sunway Lagoon Sdn Bhd (SLSB) for RM128.57 million and raise its shareholding to 96%.

KUALA LUMPUR: Sales volume of new homes in Shanghai, excluding units allocated towards relocated residents under urban redevelopment plans, surged by 70% to 730,000 sq m in August, a report from Shanghai Uwin Real Estate Information Services Co said.

SHANGHAI: The Shanghai Municipal Government warned on Thursday, Sept 2 that it would punish developers who violate rules on land hoarding and pre-sales.

KUALA LUMPUR: Sunway City Bhd (SunCity) will hold a soft launch for the first sub-phase of its townhouse development MontBleu Residences in Ipoh on Sept 10, said a company spokesperson.

The project will comprise a total of four sub-phases containing 220 units of three-storey townhouses, she said.

KUALA LUMPUR: Perbadanan Kemajuan Negeri Selangor (PKNS) is venturing into the real estate investment trust (REIT) industry, with the injection of three properties into AmanahRaya REIT.

PKNS had on Thursday, Sept 2, injected the three properties valued a total of RM270 million in the REIT.

PKNS will receive RM162 million cash and a stake in AmanahRaya REIT.