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Property News

  • PNB, EPF and KWAP co-invest in Kulim II high-tech industrial asset for RM2b

    KUALA LUMPUR (Oct 30): Permodalan Nasional Bhd (PNB) together with the Employees Provident Fund (EPF) and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) have co-invested in the Kulim II high-tech industrial asset, with a total investment value of RM2 billion. According to a joint statement, the co-investors have signed a sale and leaseback agreement with Osram Opto…

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  • HBA lauds KPKT’s move towards build-then-sell

    KUALA LUMPUR (Oct 30): The National House Buyers Association (HBA) has lauded the Ministry of Local Government Development (KPKT)’s move towards the build-then-sell (BTS) concept, crediting minister Nga Kor Ming and deputy minister Akmal Nasrullah Mohd Nasir “for having the courage and boldness to finally realise” it. In an announcement last Friday (Oct 27), Nga…

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  • Analysts maintain target prices for Axis REIT

    KUALA LUMPUR (Oct 30): PublicInvest Research and CGS-CIMB Research have kept their target prices (TPs) for Axis Real Estate Investment Trust (Axis REIT) unchanged, following its recently announced financial results for the third quarter ended Sept 30, 2023 (3QFY2023). In a note on Monday, PublicInvest kept its dividend discount model (DDM)-derived TP for Axis REIT…

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  • Sick, abandoned housing projects’ loan restructuring subject to financier’s discretion, says minister

    KUALA LUMPUR (Oct 30): Approvals to restructure loans and reduce interest on loans for buyers of “sick and abandoned” housing projects are subject to the discretion of the financier, said the Minister of Local Government Development Nga Kor Ming (pictured). The ministry’s initiatives to assist affected homebuyers include issuing letters to confirm the status of…

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  • Tropicana makes its mark at Genting Highlands with three masterplans within Tropicana WindCity

    KUALA LUMPUR (Oct 27): Tropicana Corp Bhd has since 2020 been “redefining the art of sustainable and wholesome living” at Genting Highlands with its 596-acre integrated township Tropicana WindCity.   The latter will comprise three distinctive masterplans: 112-acre Tropicana Grandhill, 308-acre Tropicana Paradise and 176-acre Tropicana Avalon, “offering a good mix of residential to commercial…

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  • JKR targets to have 90% usage of building information modelling by 2025

    KUALA LUMPUR (Oct 27): The Public Works Department (JKR) has set a target to achieve 70% usage of building information modelling (BIM) in its projects this year and 90% usage by 2025. “The digital transformation of Malaysia’s construction industry is seen as critical, particularly in construction project delivery and comprehensive asset management,” said Director-General of…

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  • Pavilion REIT’s 3Q net property income rises 34.5% with the newly-acquired Pavilion Bukit Jalil

    KUALA LUMPUR (Oct 26): Pavilion Real Estate Investment Trust’s (Pavilion REIT) net property income (NPI) for the third quarter ended Sept 30, 2023 (3QFY2023) rose 34.5% to RM121.35 million, from RM90.22 million a year earlier, following the inclusion of income from newly-acquired Pavilion Bukit Jalil. Quarterly revenue gained 43.4% to RM199.21 million from RM138.94 million,…

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  • Fitters Diversified to gain RM12.35 million from Cameron Highlands land disposal

    KUALA LUMPUR (Oct 26): Fire protection equipment supplier Fitters Diversified Bhd is disposing of an 8.05-hectare freehold land in Cameron Highlands for RM15 million, with an estimated gain on disposal of RM12.35 million. The disposal of the land to Cameron Highlands Floriculture Sdn Bhd is part of Fitters’ ongoing initiative to rationalise its assets and focus…

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  • Vital to speed up infrastructure projects, land transfer process — Anwar

    KUALA LUMPUR (Oct 25): Prime Minister Datuk Seri Anwar Ibrahim (pictured) emphasised the need to expedite development and infrastructure projects while simplifying processes between the federal government and states, such as land transfers. “In addition, the planning and development of economic corridors also need to take into account planning and development potential with neighbouring countries,”…

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Nemesia Residence

Nemesia Residence

Nemesia Residence, located in Sepang, Selangor, is an idyllic residential community developed by Zestrans Sdn. Bhd. This housing project offers...
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