KUALA LUMPUR (Feb 29): Property developer Tropicana Corp Bhd is acquiring a piece of leasehold land in Kota Damansara for RM224 million to be developed into a residential area comprising four to five tower blocks of serviced apartments, with an estimated gross development value of about RM2.8 billion. The land, measuring 7.79 acres, is situated adjacent to...
Read moreKUALA LUMPUR (March 1): Renewable energy player Pekat Group Bhd is selling an industrial freehold land, measuring 12,813.89 sq m, for RM21 million cash, to realise the value of the unused property, with proceeds from the sale to be used for working capital. The group’s wholly owned Pekat Teknologi Sdn Bhd had, on Feb 29,...
Read moreKUALA LUMPUR (Oct 31): Tri-Mode System (M) Bhd has proposed to acquire three parcels of leasehold land in Pulau Indah, Klang for a total cash consideration of RM42 million. “The proposed acquisitions form part of the group’s strategy to accumulate strategic land to accommodate Tri-Mode’s future operation requirements in the Port Klang region,” said the logistics solutions provider...
Read moreKUALA LUMPUR (Oct 16): AME Real Estate Investment Trust (AME REIT) has fully concluded its maiden post-listing acquisition exercise of three industrial properties in Iskandar Malaysia, Johor worth RM69.25 million. This comes after the completed acquisition of the third industrial property of Plot 16 at i-Park @ Indahpura in Iskandar Malaysia from its sponsor, AME Elite Consortium Bhd,...
Read more(Sept 24): Singapore became the biggest investor in Japan’s real estate sector this year, lured by the yen’s weakness and growing demand in logistics and hospitality industries, according to Knight Frank LLP. Inflows from the city-state totaled almost US$3 billion (RM14 billion) so far in 2023, followed by investors from the US, Canada, and the...
Read moreKUALA LUMPUR (Aug 14): Knight Frank’s Asia-Pacific Prime Office Rental Index for 2Q2023 has dropped by 1.6% quarter-on-quarter (q-o-q), maintaining a year-long downward trend since 2Q2022. This “can largely be attributed to continued soft conditions in the Chinese Mainland”, stated the global real estate consulting firm in a media release. Vacancies rose marginally by a quarter...
Read moreAxis Real Estate Investment Trust has announced that the development of its Bukit Raja Distribution Centre 2, a warehouse facility, located at Bukit Raja Selatan Industrial Area, Shah Alam, Selangor Darul Ehsan, has been completed upon obtaining the Certificate of Completion and Compliance on 1 August 2023. With the CCC in hand, Axis-REIT will be...
Read moreKinght Frank says ‘home prices across the world will face the challenges brought by [higher] interest rates and inflation’In Hong Kong, home prices are expected to drop by up to 5 per cent over 2023, according to report Global house prices rose at their slowest pace in the first quarter of 2023 year-on-year since the...
Read moreKUALA LUMPUR (July 27): The government has announced that it will provide up to RM5 billion in loan schemes under the Housing Credit Guarantee Company (SJKP) to facilitate first-home purchases. Subsequently, the government said that it had improved the SJKP loan scheme, now providing a financing guarantee of up to 120% of the house price...
Read moreSINGAPORE (EDGEPROP) – M&G Real Estate Asia, part of M&G’s private assets and alternatives business, has become a majority shareholder in ESR Ichikawa Distribution Centre, a logistics facility in Tokyo, Japan. In a Jan 19 press release, M&G announced that through its M&G Asia core property strategy, it has made a US$267 million ($353 million)...
Read more
中文