KUALA LUMPUR (July 26): Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) fell 7.58% to RM58.43 million in the second quarter ended June 30, 2023, from RM63.23 million a year earlier, due to lower property income, higher expenses and lower gains on financial liabilities. Revenue for the quarter fell 5.6% to RM68.45…
Read MoreKUALA LUMPUR (July 26): Ekovest Bhd has signed a tripartite memorandum of understanding (MOU) with China-based parties to explore cross-border socio-economic strategic collaboration. In a filing to Bursa Malaysia on Wednesday (July 26), Ekovest said it has signed the collaboration agreement with Shenzhen Maoxiong Co Ltd (MX) and Anxi County People’s Government (Anxi). The agreement…
Read MoreKUALA LUMPUR (July 27): The newly appointed chief executive officer of Malaysia Building Society Bhd (MBSB), Rafe Haneef (pictured), said he has not received any official word that Datuk Wan Kamaruzaman Wan Ahmad, formerly the chief executive officer (CEO) of Retirement Fund Inc (KWAP), would be appointed chairman of the enlarged Malaysia Building Society Bhd…
Read MoreEconpile wins RM43m substructure works contract for serviced apartment in Bukit Jalilcon The substructure works are for two blocks of 47-storey serviced apartments comprising 453 units, with existing commercial development comprising a five-storey retail mall and two levels of basement parking. KUALA LUMPUR (July 25): Econpile Holdings Bhd has won a contract worth RM43.38 million…
Read MoreKUALA LUMPUR (July 26): Demand for offices in KL Fringe and KL City submarkets will continue to be high for the second quarter of 2023, according to JLL Property Services (M) Sdn Bhd’s Greater Kuala Lumpur Property Market Monitor 2Q2023. In 1H2023, new supply of four projects were completed, totalling 1.15 million sq ft of…
Read MoreKUALA LUMPUR (July 25): Lebtech Bhd said the RM55.3 million sub-contract it secured in April this year that involves beach reclamation and shore protection in Kampung Tg Batu Nenasi, Pekan, Pahang, has been mutually terminated. This was because the builder could not come to an agreement with Global Marine Sdn Bhd, from whom it secured…
Read MoreKUALA LUMPUR (July 25): IJM Land Bhd plans to launch its latest mid-rise residential apartment named Daffodil Residency in its Bandar Alam Suria township on Monday (Oct 2). Bandar Suria Alam is a RM3.6 billion, 1,163-acre township located in Puncak Alam, Selangor, comprising residential and commercial components. To date, 60% of the township has been…
Read MoreKUALA LUMPUR (July 25): WORQ, a co-working and flexible space provider, announced its partnership with Malaysia Digital Economy Corporation (MDEC) on July 17 to launch the WORQ with DE Rantau programme, with the aim to contribute to the development of Malaysia’s digital economy. The DE Rantau programme was initiated by MDEC in 2022 to establish…
Read MoreKUALA LUMPUR (July 25): Inflation in Malaysia moderated for a fourth straight month to 2.4% year-on-year in June — the slowest since April 2022 — contributed by almost all consumer price index (CPI) components except for healthcare, with food inflation softening to its lowest in more than one year at 4.7%. While the drop in…
Read MoreThere are several ways to gauge the quality of an agent, from their area of expertise to how they present themselves. (Envato Elements pic) Looking to buy your own property for ownstay or investment? Unless you’re very experienced in the field, it would be a good idea to engage the services of a real estate…
Read More
