UOA Development to launch two projects worth RM2.7b by June
Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.
Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.
I-Bhd, which develops properties and operates theme parks, said on Wednesday it is planning to issue preference shares to its major shareholder in a deal that could raise up to RM100 million.
The acquisition of the Amsteel Mills Sdn Bhd properties is expected to generate a yield of 7% for the first three years based on the announced monthly rental rate of RM1.83 million.
Sime Darby Property Bhd, Malaysia’s biggest developer in terms of landbank, has secured commitment for the remaining 30% of its industrial development fund to close at RM1 billion.
Property developer KTI Landmark Bhd said on Monday that it has secured approval for its initial public offering (IPO) on ACE Market from Bursa Malaysia.
Property developer Crescendo Corporation Bhd on Wednesday declared a special dividend as earnings surged to a seven-year high on the back of rising home sales and high margin industrial land disposal.
Malaysian property developer S P Setia Bhd plans to continue cutting its debt as well as sell more unimportant assets and improve its investment properties for a potential real estate investment trust (REIT).
The Holiday Inn Express hotel in the Kuala Lumpur city centre has been put up for sale by its privately owned owner Winbond Group, according to real estate firm Colliers.
Retail sales are expected to grow an average 7.1% in 1Q2024 from a year earlier, with growth in all sub-sectors, partly due to festivities and school holidays.
Malaysia’s central bank on Thursday kept the benchmark interest rates unchanged, as widely expected, citing improving economic growth and moderating inflation.