News by M

"We are seeing an unnatural increase of rental at [the] George Town Unesco site and the tenants had been complaining that they had suffered more than 500% hike in rental for several years, which had forced them out, leaving their business."

SGREIT recently announced a FY16 revenue of S$219.7 million (RM661.8 million), net property income (NPI) of S$170.3 million, as well as a DPU of 5.18 cents.

MRT Corp chief executive officer Datuk Seri Shahril Mokhtar said 86% of the first phase of the line has been completed, with trial runs to start in October.

According to SEB’s filing yesterday, Scomi Coach Sdn Bhd, a wholly-owned unit of Scomi Transportation Systems Sdn Bhd, which is SEB’s wholly-owned subsidiary, together with SEB inked a sale and purchase agreement and a leaseback agreement with Axis REIT.

The exchange rate of the local currency does not fare well in the low crude oil price environment.

Investor confidence and demand shaken by Brexit woes could see UK commercial property values fall by more than 25%, while London home prices could be hit harder with a decline of more than 30%, analysts with Société Générale predict.

Ho Hon Sang has been appointed as CEO cum executive director of Mah Sing Group Bhd effective today, taking over Ng Chai Yong who has resigned to pursue other interests, the group said in a statement today.

Mah Sing Group’s Cerrado Residential Suites Tower A saw all 404 units taken up during its launch at Southville City’s Sales Gallery and Show Village here over the weekend.

OSK Property Holdings Bhd has teamed up with the Ministry of Energy, Green Technology and Water’s GreenTech Malaysia Alliances Sdn Bhd and Kloth Lifestyle Sdn Bhd to produce its new company uniform using recycled plastic bottles, the developer said in a recent statement.

Bina Puri Holdings Bhd has bagged an RM80 million contract from Arus Sutera Sdn Bhd to provide project management consultancy services for 440 units of walk-up flats under the People's Housing Project in Pitas, Sabah.