Kenanga Research has maintained a cautious stance on Axis REIT due to its declining occupancy rate. PETALING JAYA: The real estate investment trust (REIT) sector may continue to face headwinds on the back of muted consumer sentiment, said Kenanga Research. In a note today, the research house said that the possible implementation of targeted fuel…
Read MoreSime Darby Property Bhd has signed a memorandum of understanding with Tenaga Nasional Bhd to integrate rooftop solar solutions in the group’s townships. (Sime Darby Property pic) PETALING JAYA: Sime Darby Property Bhd (SDP) has signed a memorandum of understanding (MoU) with Tenaga Nasional Bhd (TNB) to integrate rooftop solar solutions in the group’s townships…
Read MoreKUALA LUMPUR (Sept 21): Three associations representing property managers and consultants, estate agents, and valuers have come out to support the government’s move to refine the Strata Management Act 2013 as part of its 12th Malaysia Plan Mid-Term Review revealed this month. In particular, the proposed amendment on the Act includes a requirement for strata…
Read MoreKUALA LUMPUR (Sept 20): Private waste disposal site operators are encouraged to seize the opportunity to earn good returns by turning waste into renewable energy, said Local Government Development Minister Nga Kor Ming. He said that according to the latest data from the Department of Statistics Malaysia and the National Solid Waste Management Department, Malaysians…
Read MoreKUALA LUMPUR (Sept 21): Sime Darby Property Bhd has signed a memorandum of understanding (MOU) with Tenaga Nasional Bhd (TNB) to integrate rooftop solar solutions in the group’s townships and developments. In a statement on Thursday (Sept 21), Sime Darby Property group managing director Datuk Azmir Merican said the collaboration is a step towards transitioning…
Read MoreKUALA LUMPUR (Sept 21): Kenanga Research maintained its “neutral” call on the real estate investment trust (REIT) sector due to subdued consumer sentiment, dragged by inflation and the implementation of targeted fuel subsidies possibly undermining spending capacity. The research firm in a note on Thursday said that although office spaces are becoming more relevant, overall occupancy…
Read MoreKUALA LUMPUR (Sept 21): Analysts have raised their target prices (TPs) for Scientex Bhd after its financial results for the year ended July 31, 2023 (FY2023) met expectations, and as they are more bullish on the company’s property segment due to the stable interest rate environment. TA Securities said Scientex’s property segment saw a strong…
Read MoreKUALA LUMPUR (Sept 21): Ministry of Local Government Development (KPKT) has recently introduced the urban renewal implementation guidelines after being approved by the cabinet according to Local Government Development Minister Nga Kor Ming (pictured) at the topping out ceremony of TRX Residences. The guidelines consist of four components, beginning with urban redevelopment, urban rejuvenation, urban…
Read MoreEco World International president and CEO Teow Leong Seng said shareholders can look forward to potentially more dividends in FY2024. (EcoWorld pic) PETALING JAYA: Shareholders of Eco World International Bhd (EWI) can look forward to even more dividends after the property developer declared a second tranche dividend of RM144 million to add to the first…
Read MorePropertyGuru Malaysia country manager Sheldon Fernandez says property developers have begun to construct smaller units to cater to current market conditions. PETALING JAYA: Prospective homeowners are reevaluating their priorities, showing willingness to forgo certain amenities in their quest for an affordable home, according to PropertyGuru’s Consumer Sentiment (CSS) Study H2 2023 report. “This shift highlights…
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