BANGKOK: Buyers from Myanmar have been snapping up condominiums in Bangkok and other parts of Thailand, providing a bright spark for the kingdom’s sluggish real-estate market, as they look to move money out of an economy battered by civil war. Thai condominium unit sales to Myanmar nationals in the first nine months of 2024 tripled...
Read moreSunway Property is set to expand the 1,350-acre Sunway City Ipoh township in Perak with an additional RM4 billion in investments, leveraging its unique build-own-operate business model. Chong Sau Min, chief executive officer for the central and northern regions, said that this strategy aligns with the company’s role as a master community developer and co-investor...
Read moreKUALA LUMPUR (Nov 19): Matrix Concepts Holdings Bhd’s (KL:MATRIX) Levia Residence condominium in Cheras has achieved a take-up rate of 70% since its official launch in January, according to a press statement on Tuesday. Spread across a 4.7-acre tract and with a gross development value of RM522 million, Levia Residence offers two 36-storey towers, consisting...
Read moreKUALA LUMPUR (Nov 15): KIP Real Estate Investment Trust (KL:KIPREIT) has acquired a 1.15-acre, or 4,663 sq m, property in Gerik, Perak for RM14.8 million. According to a press release on Tuesday (Nov 14), the new asset features a single-storey hypermarket, basement car park and office space. It has a net lettable area (NLA) of 60,895 sq ft...
Read moreKerjaya Prospek Group Bhd has entered into a joint venture (JV) with Aspen Vision Development Sdn Bhd to undertake a mixed development on a 36-acre plot of land in Seberang Perai Tengah, Penang. In a bourse filing on Monday, Kerjaya Prospek said its wholly owned subsidiary Futuprop Sdn Bhd, and Aspen Vision, will form a...
Read moreSTEEL manufacturer Ann Joo Resources Bhd is seeking a buyer for its prime land in Seberang Perai, Penang. It is understood that the 100-acre plot is part of its 200-acre Prai industrial land. If the freehold tract sells as high as RM800 million or RM180 psf as estimated by industry experts, it would set a...
Read moreSingapore’s Keppel said on Tuesday it had agreed to buy an artificial intelligence-ready data centre facility being developed by Japan’s biggest property group Mitsui Fudosan in Tokyo. The deal comes less than two weeks after the asset manager said it plans to more than double its data centre funds under management from S$9 billion (US$6.84...
Read moreKUALA LUMPUR (Nov 7): Mah Sing Group Bhd (KL:MAHSING) has acquired a 5.24-acre (2.12-hectare) freehold parcel in Old Klang Road here for approximately RM113 million from Team Keris Bhd to develop a new transit-oriented development (TOD) named M Aurora. The sale and purchase agreement was inked on Thursday, and the project is expected to be...
Read moreKUALA LUMPUR (Nov 6): As Malaysia’s technology landscape matures, it’s becoming a prime target for global tech giants like Google, Microsoft, and Nvidia. Each of these industry leaders is racing to find the best spot to establish a data centre in our country, recognising its strategic potential as a regional tech hub. But where are...
Read morePETALING JAYA: AME Real Estate Investment Trust(AME-REIT), which is maintaining a 100% occupancy rate across its assets, is actively seeking lucrative assets as part of its growth strategy. I REIT Managers Sdn Bhd chief executive officer and executive director Chan Wai Leo said the REIT is committed to expanding its portfolio with assets that generate attractive...
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