Exclusive News

• Sunway REIT continues to deliver solid performance
  Maintain hold with target price (TP) of RM1.60: Sunway Real Estate Investment Trust (SunREIT)’s nine months ended March 31 of financial year 2015 (9MFY15) gross revenue of RM338.5million (+6.3% year-on-year [y-o-y] was translated into normalised net profit of RM183.5 million (+4.3% y-o-y), accounting for 73.9% and 74.3% of Hong Leong Investment Bank Bhd’s (HLIB) and consensus financial year forecasts, respectively. As expected, the third interim dividend of 2.13 sen (1.79 sen taxable and 0.34 sen non-taxable) was declared during third quarter with ex-date on May 14. .....more Ddetail
• Demand for two and three-bedroom condos outstrips supply in Bangkok
  KUALA LUMPUR (May 2): The Bangkok property market is seeing the return of foreign investors in response to the stabilising political situation and lack of opportunity in their own markets, according to the CB Richard Ellis (CBRE) Bangkok Residential Market 2015 Forecast. .....more Ddetail
• SCP Group to launch RM1.65 bil KL Traders Square
  PETALING JAYA (April 30): SCP Group’s wholly-owned subsidiary, Radical Range Sdn Bhd is expected to launch the first two blocks of KL Traders Square serviced apartments next weekend. It is located along Jalan Gombak, Kuala Lumpur and is approximately 7km from the city centre. .....more Ddetail
• Kuala Lumpur property market expected to be promising
  PETALING JAYA (May 1): The volume of transactions for Kuala Lumpur’s property market was up marginally by 0.2% with 20,590 transactions recorded last year compared with 20,553 in 2013, reports the National Property Information Centre (Napic) in its “Property Market Report 2014”. .....more Ddetail
• Kuala Lumpur property market expected to be promising
  PETALING JAYA (May 1): The volume of transactions for Kuala Lumpur’s property market was up marginally by 0.2% with 20,590 transactions recorded last year compared with 20,553 in 2013, reports the National Property Information Centre (Napic) in its “Property Market Report 2014”. .....more Ddetail
• UEM Sunrise to launch RM3.7 bil worth of projects this year
  KUALA LUMPUR (April 30): UEM Sunrise is looking to launch RM3.7 billion worth of projects this year, managing director and CEO Anwar Syahrin Abdul Ajib said today at a media briefing. “This is all subject to us getting the approvals from the authorities. If everything [goes as planned], we can launch up to RM3.7 billion worth of properties. We have to access the market… and the likelihood of success,” he qualified. .....more Ddetail
• Iskandar Malaysia Records RM158 Bln In Cumulative Committed Investments
  KUALA LUMPUR, April 29 (Bernama) -- Iskandar Malaysia, the major development corridor in Johor, recorded a total cumulative committed investments of RM158 billion in the fourth quarter of 2014. Iskandar Regional Development Authority (IRDA) chief executive, Datuk Ismail Ibrahim, said the targeted cumulative committed investments was RM383 billion. .....more Ddetail
• Sunway Montana reveals townhouse show units and forest trail
  KUALA LUMPUR (April 28): Sunway Property, the property division of Sunway Bhd ( Financial Dashboard), unveiled it Sunway Montana's townhouse show units, along with 14-acre private forest recently. Sunway Montana is an ecological and low-density freehold project with a gross development value (GDV) of RM590 million. The sprawling 56.4-acre development has a five-unit per acre scheme and is located within the affluent Desa Melawati neighbourhood in Ulu Klang. .....more Ddetail
• JCorp To List RM900 Million Islamic REIT In Q3
  PUTRAJAYA, April 28 (Bernama) -- Johor Corp (JCorp) plans to list its RM900 million Islamic Real Estate Investment Trust (REIT), Al-Salam, on the Main Market of Bursa Malaysia in the third quarter of this year. - .....more Ddetail
• Best Western i-City opens
  SHAH ALAM: Selangor’s i-City will see RM700 million investments in three hotels and a total accommodation of 1,000 rooms in the near future. .....more Ddetail