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Market News

28 Apr 2014 Plan amended to allow change of land status THE Subang Jaya Municipal Council (MPSJ) has amended its local plan to allow owners to convert the status of their land. MPSJ president Datuk Asmawi Kasbi said the public had been informed about the change through the print media. Owners can now apply to change the status of their land from housing to commercial and from commercial to industrial.
28 Apr 2014 Greenland looks for a slice of RM4.4bil river rehabilitation project in KL PETALING JAYA: Fresh from selling land worth RM600mil to China’s Greenland Group, Iskandar Waterfront Holdings Sdn Bhd’s (IWH) Tan Sri Lim Kang Hoo is believed to be eyeing another tie-up with Greenland – this time for the RM4.4bil River of Life (RoL) project in Kuala Lumpur.
26 Apr 2014 No surprises in property report PROPERTY experts say the findings of the Property Market Report 2013, released last week by the National Property Information Centre, came as no surprise, with the various cooling measures having their intended effect of curbing speculation and excessive price growth.
23 Apr 2014 BlackRock Seeks Buyers for Malaysian Office Towers, Mall Complex BlackRock Inc. (BLK:US), the world’s largest asset manager, is seeking bids to sell two office towers and a mall in Kuala Lumpur, according to a sale document viewed by Bloomberg News.
17 Apr 2014 Tabung Haji buys Unilever House in Britain for £75.8mil (Update) PETALING JAYA: Pilgrims fund Lembaga Tabung Haji has completed the purchase of Unilever House, Leatherhead in Surrey, London for £75.8mil, reflecting a net initial yield of about 6%, according to a London-based property consultancy.
12 Apr 2014 MRCB deal injects new life into company In a lull since 2008, real estate investment trust (REIT) Quill Capita Trust Bhd is being injected with a new lease of life. This follows the just announced deal that it will acquire Platinum Sentral from Malaysia Resources Corp Bhd (MRCB) in return for cash and shares. As a result, MRCB will become the single largest shareholder in QCT with a 31% stake
12 Apr 2014 UOA Damansara gets MSC M’sia Cybercentre status PETALING JAYA: UOA Damansara has been awarded the MSC Malaysia Cybercentre status by the Government
10 Apr 2014 MRCB sells Platinum Sentral for RM750m to Quill Capita Trust KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) is selling its Platinum Sentral to Quill Capita Trust (QCT) for a total purchase consideration of RM750mil.
07 Apr 2014 Another China developer flocks to Iskandar, plans RM10bil projects PETALING JAYA: The Greenland Group is the latest developer from China to buy land for a sizeable property project in Johor's coastal Danga Bay area.
04 Apr 2014 More buildings in KL start to show gains in energy efficiency UFMI has retrofitted the commercial buildings of Uptown 1, Uptown 2 and Wisma Goldhill in Kuala Lumpur to streamline its energy consumption.