Wednesday, June 27, 2012

IGB eyes hospitality, office REITs

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KUALA LUMPUR: IGB Corp Bhd (IGB), which will have RM800 million cash following the listing of IGB Real Estate Investment Trust (REIT), is lo...

Glomac FY12 profit jumps 36% on property sales

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PETALING JAYA: Glomac Bhd announced a 36.2% jump in its financial year 2012 (FY12) net profit from RM62.98mil to RM85.78mil, attributable to...

IGB Corp to fund growth with REIT listing proceeds

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KUALA LUMPUR: IGB Corp Bhd is expecting to raise some RM800mil in cash from the upcoming listing of its retail real estate investment trust ...

BB Plaza to make way for MRT station

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Landmark: The iconic 38-year-old BB Plaza, located in the heart of Kuala Lumpur, will be demolished to make way for the MRT project. KUA...

UMLand upbeat on new projects

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KUALA LUMPUR: United Malayan Land Bhd (UMLand) is upbeat on its plan to launch about 1,500 units of mixed properties with a gross developmen...
Tuesday, June 26, 2012

REIT market's worth to hit RM20b this year

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KUALA LUMPUR: Market capitalisation for Real Estate Investment Trust (REIT) in Malaysia is expected to grow by 30 per cent to RM20 billion t...

Glomac Q4 earnings up 49.1% to RM22.24m

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KUALA LUMPUR: Glomac Bhd's earnings rose to RM22.24mil in the fourth quarter ended April 30, 2012 and expected earnings growth to be und...

Dijaya unit to buy land in Johor Baru

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KUALA LUMPUR: Dijaya Corp Bhd’s 80 per cent owned unit,  Aliran Peluang Sdn Bhd, has entered into a sale and purchase agreement with Chua Jo...
Monday, June 25, 2012

SP Setia sees RM500mil revenue from Penang

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Rajoo showing the media a model of Setia V Residences, which is projected to contribute RM150mil in revenue for the company’s 2012 fiscal ...

Property sector still strong, says MB

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The real estate sector in the state has remained resilient despite political and economic uncertainties, said Mentri Besar Datuk Seri Dr Zam...

Green townships

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Green cause: Wahab (left) and Mohd Jaafar launching the T.R.E.E. programme in Denai Alam. RESIDENTS of Sime Darby Property’s 10 township...

Maybank taps Aussie property mart

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KUALA LUMPUR: Malayan Banking Bhd (Maybank) is expanding its "Overseas Mortgage Loan Scheme" for purchase of residential propertie...

REIT market cap to grow 30% to RM30b this yr

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KUALA LUMPUR: Market capitalisation for Real Estate Investment Trust (REIT) in Malaysia is expected to grow by 30% to RM20bil this year from...

Malaysian Res Corp up on prime land deal

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Malaysian Resources Corp, a property and construction group, climbed 2.2 per cent to RM1.86, bound for its highest close since April 3. Th...
Saturday, June 23, 2012

Glomac sees better times with more projects and bigger landbank in the Klang Valley

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An artist impression of landed units that will be built by Glomac in its recently acquired Puchong land. By next week, right after its a...

MRCB to develop prime Bangsar land?

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Malaysian Resources Corp Bhd has emerged as the frontrunner to develop a prime 8.09-ha site on Jalan Bangsar in Kuala Lumpur where the Uni...

Penangites go for leasehold projects

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Kamarudzaman, with an artist impression of Darra, says that UDA’s Brezza comdominiums, located where Darra is going to be built, was sold ...

Developers: Consumers don’t want low-cost homes

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PETALING JAYA: While house buyers are seeking more affordable homes, developers do not want to be bound into building low- and medium-cost h...

Realising a dream city

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Looking ahead: (From right) Saifuddin Ahmad from PAM, Tong, Norliza and C.M Chan from Rehda showing pamphlets on the conference. AN INTE...
Friday, June 22, 2012

SP Setia looks across the channel

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PROPERTY developer SP Setia Bhd wants to expand its landbank across the Penang channel to leverage on the Second Penang Bridge. SP Setia...