KUALA LUMPUR (April 29): Chin Hin Group has unveiled its latest developments, Dawn, KLCC and Aricia Residences via an exclusive preview at its new sales gallery at Menara Centara on Saturday (April 27). Serviced apartment development Dawn, KLCC is located on 1.41-acre of land and less than 385m from KLCC and within sight of the…
Read MoreKUALA LUMPUR (April 26): YNH Property Bhd (YNH) said it has remedied the “technical default” involving its sukuk programme that led to a downgrade of the company’s rating by MARC Ratings recently, and assured that it will maintain compliance to prevent further technical defaults. “The balance for the second monthly payment due April 26, 2024…
Read MoreKUALA LUMPUR (Apr 25): Construction company Inta Bina Group Bhd has secured a contract worth RM224.8 million to develop a 38-storey business serviced apartment in Subang Jaya. The group said in a bourse filing on Thursday that its wholly-owned Inta Bina Sdn Bhd had accepted the letter of award from Tropicana Metropark Sdn Bhd to…
Read MoreKUALA LUMPUR (April 25): Pavilion Real Estate Investment Trust (PavREIT) reported that its first quarter net property income (NPI) jumped 33.2% year-on-year, thanks largely to contribution from its newly acquired mall, Pavilion Bukit Jalil. The increase was also attributed to higher occupancy rates and higher revenue rent from its other retail malls. The REIT’s NPI…
Read MoreKUALA LUMPUR (April 25): Al-’Aqar Healthcare Real Estate Investment Trust (Al-’Aqar REIT) is actively targeting to acquire yield-accretive properties from KPJ Healthcare Bhd as part of its asset expansion plan. The proposed exercise will be funded through a combination of unit issuance and cash via bank borrowings, it said in a filing with Bursa Malaysia…
Read MoreKUALA LUMPUR (April 25): Shares of CapitaLand Malaysia Trust (CLMT) surged on Thursday to its highest in nearly four years while analysts remained upbeat following better-than-expected first-quarter (1Q) results. CLMT surged as much as four sen or 6.4% to 66.5 sen, its highest since June 2020. At 4pm, the counter pared some gains to trade…
Read MoreKUALA LUMPUR (April 26): Berjaya Corp Bhd (BCorp) has denied that its founder Tan Sri Vincent Tan Chee Yioun (pictured) participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently. In a statement on Friday, BCorp said the article had included inaccurate information that misrepresented the conglomerate’s supposed…
Read MoreKUALA LUMPUR (April 25): JRG Minerals Sdn Bhd is collaborating with Shandong Huaxin Industry Co Ltd for a development project in Kuantan, Pahang, with an estimated value of RM15 billion. In a statement on Thursday, JRG said the duo have inked a memorandum of understanding (MOU) to develop a mixed-use development on 2,428 hectares of…
Read MoreKUALA LUMPUR (April 26): Global real estate agency network IQI is opening its first Indonesia office with the launch of IQI Unreal Bali. This is the latest in its expansion efforts which have encompassed office launches in Japan, Pakistan, and Vietnam. “The launch of IQI Unreal Bali is the latest expression of our strategy of…
Read MoreKUALA LUMPUR (April 26): Pavilion Real Estate Investment Trust rose to its highest in more than a month after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals. Shares in Pavilion REIT edged up 1.5% to RM1.32, their highest since March…
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