The current overhang in Malaysia is due to zealous building and launching by property developers without proper analysis and only they can help solve this. The overhang in Klang Valley grew by 8.48 per cent in terms of the number of units or 12.88 per cent in terms of value. “The problem then was just...
Read moreKUALA LUMPUR (July 26): The current lacklustre performance of retail real estate investment trusts’ (REITs) share prices offers investors a good opportunity to invest in quality retail REIT assets whose property values have remained largely intact despite the Covid-19 pandemic, AmInvestment Bank said. “We like the sector as a recovery play as it is poised to...
Read moreTHE real estate investment trust (REIT) sector is positioned to be on a recovery path into the second half of this year as Malaysian economy reopens in stages driven by an accelerated vaccination programme. AmInvestment Bank Bhd (AmInvest) said the current lacklustre performance in retail REITs’ share prices offers an opportunity for investors to quality...
Read morePETALING JAYA: In a strategic move to push forward and expand its foothold across Malaysia, property developer Tropicana Corporation Bhd (Tropicana) is primed to take on more joint venture projects. With over 40 years of experience, Tropicana is keen to explore opportunities with landowners looking to unlock their landbank in a strategic move to push forward...
Read morePETALING JAYA (July 23): S P Setia Bhd has unveiled the Plathea 2 project, the latest phase of the English-themed Precinct Arundina in Setia Eco Park, Shah Alam. In its media statement today, units in Plathea 2 are now available for online bookings. The freehold development comprises 74 units of double-storey semidees with built-ups from 2,495 sq ft to...
Read moreNexgram Holdings Bhd will take six years to develop its proposed medical complex in Melaka, comprising a hospital building, a hotel, a condotel, and a service shop-office home-office. Its wholly-owned unit, Nexgram Biomedic Sdn Bhd (NBSB), is buying a 10.03-hectare piece of leasehold land from Melaka State Development Corporation (PKNM) for the medical complex to...
Read moreSurrounded by the abundant beauty of nature are homes crafted by the StarProperty All-Stars Award winner OSK Property for medium-sized families, upgraders, downsizers as well as retirees looking for a quiet and serene environment to live in. Spread over a 32.61-acre freehold tract in Iringan Bayu lies the impressive Erama semi-detached homes, an exquisite property designed...
Read moreAmerican multinational hotel chain operator Marriott International, Inc is set to open Fairfield Kuala Lumpur Jalan Pahang and Four Points by Sheraton Desaru (Johor) in the fourth quarter of this year, amid the ongoing Covid-19 pandemic. Fairfield Kuala Lumpur is the second property under the Fairfield by Marriott brand to open in Malaysia, the first...
Read moreGEORGE TOWN (July 20): Penang should aim to be an international innovation hub apart from being a global manufacturing centre in the electrical and electronics industry. Datuk Seri Lee Kah Choon, who is special investment advisor to the Chief Minister of Penang, said to achieve this vision, the state should set up a billion-ringgit industry...
Read moreThe property and hotel development unit of Thailand’s richest man plans to invest at least 100 billion baht (US$3.1 billion) over the next five years to develop new shopping malls, hotels and office buildings, betting on pent-up demand once the pandemic subsides. Asset World Corp.’s main project will be a mixed9-use property development in Bangkok’s...
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