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Axis Real Estate Investment Trust (Axis-REIT) has completed the acquisition of a leasehold property within the Bukit Raja industrial zone in Klang, Selangor for RM37 million. The property comprises 5.6-acre land with two blocks of detached factory and a double-storey office building. It was acquired from Lion Steelworks Sdn Bhd, a unit of Lion Corp Bhd. The net lettable area is 149,605 sq ft. ...

SEREMBAN 2, a 1,520-hectare freehold self-contained township by IJM Land Bhd was established in 1995 and is one of the most progressive and successful developments in Negri Sembilan. The multi-billion ringgit satellite township comprises a good mix of residential, commercial and light industrial properties. Being part of the Greater Klang Valley, the township has been realising its great growth ...

The Real Estate and Housing Developers' Association Malaysia or Rehda urge the government to introduce an all-encompassing force majeure exemption bill or a Covid-19 (Temporary Measures) Bill to lawfully protect players of all industries, including the property sector. Rehda president Datuk Soam Heng Choon said the Bill is much needed, to ensure that every party is safeguarded against any ...

Gamuda Land has partnered with Shopee, an e-commerce shopping platform, to sell houses online, amid the current Covid-19 pandemic. Its chief operating officer Aw Sei Cheh said through this exclusive promotion, customers will be able to browse and purchase selected Gamuda Land properties through Shopee, anytime and anywhere and discover attractive packages that the developer is currently ...

I-Berhad is shaping up its i-City project in the heart of Selangor's golden triangle with a new wave of development and investment in Artificial Intelligence (AI) technology. Executive chairman Tan Sri Lim Kim Hong told NST Property that in spite of a challenging market environment, I-Berhad will continue to invest in i-City because of strong investor confidence in the development. The ...

 The Malaysian economy is expected to see a contraction -2.0% at its worst and growth of 0.5% at its best in 2020, compared to 4.3% in 2019, against a highly challenging global economic outlook. Bank Negara Malaysia (BNM) in its 2019 Economic Monetary Review on Friday said the domestic economy will be impacted by the necessary global and domestic actions taken to contain the ...

 Mah Sing Group Bhd  is on track to achieve its RM1.5 billion sales target for this year, having achieved RM1.13 billion in sales in the nine-month period ended Sept 30, 2019. In a statement today, the property developer said its balance sheet remains healthy, with cash and bank balances of approximately RM1 billion which allows the group ...

Tropicana Corporation Bhd will continue to focus on delivering long-term value to its stakeholders by targeting new launches with a gross development value (GDV) of RM3 billion in the financial year ending Dec 31, 2020 (FY20).  These new launches, which are expected to contribute positively to the group’s earnings in the coming year, include the strategically-located ...

UEM Sunrise Bhd expects to garner up to RM4 billion in potential unbilled sales in the next two years from the groups ongoing and new projects, said managing director and chief executive officer, Anwar Syahrin Abdul Ajib. The leading property developer aims to launch new projects with a gross development value (GDV) of RM2 billion this year, in addition to RM1.23 billion worth of ongoing as well ...

MAH SING GROUP BHD has completed an issuance of secured and unrated sukuk murabahah of RM600mil in nominal value under the sukuk murabahah programme. The secured and unrated Islamic medium term notes has a tenure of five years and carries a fixed profit rate of 4.35% per annum payable semi annually. The sukuk murabahah issuance has been oversubscribed, the company said in a filing with the ...