Chua (left) makes his thoughts known as Scientex Bhd executive director Beh Chun Chong listens. The dynamics of the property industry in Sabah and Sarawak differs By Joseph Wong In Sabah and Sarawak, the dynamics of the property industry differ significantly from a bustling city like Kuala Lumpur or in other parts of Peninsular Malaysia….
Read MoreKUALA LUMPUR (Oct 6): Have a fruitful weekend by grabbing ‘upsized’ rewards via the 10.10 START Edition at the EdgeProp START booth, Concourse Level of The Curve, Mutiara Damansara from Oct 5 to 8. Reserve NOW to secure a voucher and visit us at the EdgeProp START booth. So, what are the rewards being offered?…
Read MoreKUALA LUMPUR (Oct 6): Kumpulan Jetson Bhd announced a slew of boardroom changes on Friday, including the appointment of Datuk Tengku Ibrahim Farihaddin Datuk Tengku Feissal, the treasurer of Koperasi Kerabat D’Raja Kelantan Al-Muhammadi Bhd, as its independent and non-executive chairman with immediate effect, on the resignation of the group’s executive chairman Datuk Teh Kian…
Read MoreKUALA LUMPUR (Oct 4): Unitholders of KIP Real Estate Investment Trust (KIP REIT) on Wednesday voted in favour of the REIT’s proposal to acquire KIPMall Kota Warisan in Sepang for RM80 million. The resolution was duly passed at its extraordinary general meeting (EGM) after 87 unitholders who collectively hold 226.64 million units in KIP REIT,…
Read MoreKUALA LUMPUR (Oct 5): Hong Leong Investment Bank (HLIB) Research has maintained its “buy” rating for IOI Properties Group Bhd (IOIPG) at RM1.67, with a higher target price (TP) of RM2.48 (from RM2.10). It said the group is on track to achieve new heights from: i) its record-high launch target among local developers in recent…
Read MoreKUALA LUMPUR (Oct 4): More measures need to be taken to make houses more affordable, including strengthening the people’s finances, especially those within the middle-income group, said Asia’s global real estate technology group, Juwai IQI. Co-founder and group chief executive officer, Kashif Ansari said housing affordability is a priority as it is pivotal in fostering…
Read MoreKUALA LUMPUR (Oct 3): Matrix Concepts Holdings Bhd has achieved 30% take-up rate for Levia Residence since its soft launch last August, said Matrix Concepts founder and group executive deputy chairman Datuk Seri Lee Tian Hock during the sale and purchase agreement (SPA) signing ceremony with the Malaysia Basketball Association (Maba) at Wisma Maba, Kuala Lumpur…
Read MoreKUALA LUMPUR (Oct 4): YLI Holdings Bhd’s subsidiary, Laksana Wibawa Sdn Bhd, has accepted and received RM97.84 million in compensation for its land in Hulu Serendah, Selangor that was compulsorily acquired for a rail project. In a local bourse filing on Wednesday, the steel manufacturer said the land was acquired by Malaysian Rail Link Sdn…
Read MoreKUALA LUMPUR (Oct 4): RHB Research is still upbeat on industrial real estate investment trusts (REITs), as the demand and supply dynamics in the sector remain in favour of landlords, despite acquisitions declining after a sharp rise in valuations during the Covid-19 pandemic, which had compressed yields. In a sectoral update on Wednesday, the research…
Read MoreKUALA LUMPUR (Oct 3): LBS Bina Group Bhd has announced several proposals for Budget 2024 that it deems essential to spur the local property sector in a press statement on Tuesday. LBS Bina executive chairman Tan Sri Lim Hock San said, “We are hopeful that Budget 2024 will bring about significant change, and positively influence…
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