Market News
12 Jan
2017
Sunway REIT to acquire land and buildings for RM91.5mil
PETALING JAYA: Sunway Real Estate Investment Trust (SunREIT) has entered into a conditional sale and purchase agreement with Champion Edge Sdn Bhd to acquire a piece of land and buildings in Shah Alam for RM91.5mil in cash.
21 Dec
2016
High occupancy rates for Sunway Velocity
Maintain neutral with an unchanged target price (TP) of RM3.25: We had a site visit to Sunway Velocity Mall in Cheras recently following the opening of the mall on Dec 8. Sunway Velocity Mall is part of the Sunway Velocity project spanning 23 acres (9.31ha).
19 Dec
2016
Amanah Raya to double fund size of AmanahRaya REIT in 5 years
KUALA LUMPUR: Amanah Raya Bhd, which announced a strategic collaboration with Japan's largest independent real estate management company Kenedix Inc today, aims to double the fund size of AmanahRaya REIT in five years' time.
19 Dec
2016
Offices in world’s most connected cities come with a high price
PETALING JAYA: The world’s most important, influential and interconnected cities with the deepest pools of firms and talent continue to command the highest office occupation costs, with Hong Kong topping the chart of global real estate firm JLL’s Premium Office Rent Tracker. Hong Kong is followed by London (West End), New York (Midtown), Beijing, Tokyo and Shanghai.
09 Dec
2016
Sunway Velocity Mall targets 100% occupancy by 2H2017
PETALING JAYA (Dec 9): Sunway Velocity Mall in Cheras is aiming for 100% occupancy by 2H2017, said Sunway Malls and Theme Parks CEO HC Chan at the soft opening of the mall yesterday.
30 Nov
2016
New headquarters for Umno
THE Golden Triangle area of Kuala Lumpur is set to have a new icon with the redevelopment of Putra World Trade Centre (PWTC) into KL Putra World Trade Centre (KL PWTC).
The project will feature an integrated lifestyle environment comprising the development of a 70-storey office and hotel tower, a new world-class Tun Razak Hall and exhibition halls, a 5,000-capacity mosque as well as a retail podium.
14 Nov
2016
Al-Aqar sells Johor Bahru properties
KUALA LUMPUR (Nov 14): Al-Aqar Healthcare REIT is selling commercial properties in Johor Bahru for RM100 million to Optimum Impress Sdn Bhd. Al-Aqar will use the sale proceeds to cut debt and finance working capital and future acquisitions.
14 Nov
2016
Kuala Lumpur land prices holding steady
Land is a property developer’s most important asset as it enables the developer to sustain and grow its business. However, land is a limited resource.
11 Nov
2016
EPF eyes RM347mil purchase of The Ascent office building
KUALA LUMPUR: The Employees Provident Fund (EPF) plans to buy almost the entire office building known as The Ascent in Petaling Jaya -- part of the integrated development that includes Paradigm Mall -- for RM347mil.
09 Nov
2016
Quill 6 close to being sold, will not be injected into MQREIT
QUILL 6, a 24-storey office building on Lebuh Ampang, Kuala Lumpur — where HSBC Bank Malaysia Bhd has its headquarters — will not be injected into MRCB-Quill Real Estate Investment Trust (MQREIT) as its owner, the Quill Group of Companies, is seeking buyers for the property, according to sources.