KUALA LUMPUR (Nov 3): While Bank Negara Malaysia’s (BNM) decision to keep the overnight policy rate (OPR) unchanged at 3% in its final monetary policy committee meeting for the year was well expected by economists following Malaysia’s positive economic growth, they, however, appear divided on the central bank’s stance going forward. TA Securities predicts that…
Read MoreKUALA LUMPUR (Nov 2): The Kuala Lumpur Local Plan 2040 (KLLP 2040), which will replace the Kuala Lumpur City Plan 2020 (KLCP 2020), will be on public display for a month in January 2024. Prime Minister Datuk Seri Anwar Ibrahim’s political secretary, Datuk Azman Abidin said that city folks and all interested parties are invited…
Read MoreKUALA LUMPUR (Nov 2): Atrium Real Estate Investment Trust’s (Atrium REIT) asset manager Atrium REIT Managers Sdn Bhd (ABSB) has acquired buildings and leasehold land in Shah Alam, Selangor from a related party, Amazing Blitz Sdn Bhd (ABSB), for RM41 million cash. In a filing with Bursa on Thursday, the REIT said the purchase consideration…
Read MoreAccording to PLANMalaysia, a tier-one TOD must have a location in major cities of either regional, national or global importance. While transit-oriented developments have increased in number, the progress towards efficient, tier-one TODs remain a slow march. By Yanika Liew While it has been nearly two decades since the government began encouraging transit-oriented developments (TODs),…
Read MoreKUALA LUMPUR (Nov 2): In celebration of World Town Planning Day, which falls on Nov 8, the Malaysian Institute of Planners (MIP) is hosting its yearly National Planning Congress (NPC) 2023 in Putrajaya, alongside Putrajaya Corporation and PLANMalaysia. Based on the theme “Madani Planning in SDG2030 acceleration”, the event will see speakers from various Commonwealth…
Read MoreBy Chang Kim Loong ALFRED walks into a property expo at an esteemed convention centre looking for his dream home after saving enough money. As he meanders through aisle upon aisle of booths packed with visitors, he is attracted by one developer’s set-up. The booth is impressively designed, showcasing one of the most comprehensive range…
Read MorePenang’s property market is an attractive investment opportunity for investors and developers, says TA Securities. (Bernama pic) PETALING JAYA: TA Securities is convinced that the Penang Transport Master Plan (PTMP) will serve as a solid rerating catalyst for the state’s construction sector. “We are optimistic about Penang’s residential property market. “It is driven by the…
Read MoreCan Malaysians really afford to invest and maintain sustainable lifestyles? Malaysia is a rapidly developing country with a growing population. This has led to an increased demand for housing, which has put a strain on the country’s natural resources through deforestation and land clearing. Fortunately, the movement to build sustainable homes in Malaysia is steadily…
Read More(From left) Rehda Kuala Lumpur chairperson Ra Adrina Muztaza, MAPEX 2023 organising chairman Datuk Chan Kin Meng, Rehda president Datuk NK Tong, Local Government Development Minister Nga Kor Ming, the ministry’s head secretary Datuk M Noor Azman Taib and Rehda Selangor chairman Datuk Zaini Yusoff give the thumbs up at the opening ceremony. Local Government…
Read MoreKUALA LUMPUR (Oct 27): Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) for the third quarter ended Sept 30, 2023 (3QFY2023) increased marginally by 0.67% to RM61.9 million compared with RM61.49 million, on the back of higher property income. Quarterly revenue edged slightly higher by 0.14% higher to RM71.81 million from RM71.71…
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