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“This is in line with FIC’s goal to become another large investment company in Malaysia via highly viable diversified investments that could generate attractive returns in the long run.”

There are still many details of the KL-Singapore high-speed rail project that need ironing out before the bilateral agreement is signed at the end of the year. But the memorandum of understanding signed last week shows that both the Malaysian and Singapore governments are now on the same page and more committed than ever to the project.

DBS Vickers Securities is keeping its “hold” call on CapitaLand Mall Trust (CMT) with a higher target price of S$2.23 (RM6.69), from S$2.20 previously.

The pilgrimage fund sees long-term value in the piece of land.

Public Bank said the BR would be lowered to 3.52% while the BLR will be at 6.72%.

The Ipoh City Council (MBI) is not proposing to raise car parking charges in the city unlike the move implemented by the Kuala Lumpur City Hall.

Universiti Utara Malaysia (UUM), through a subsidiary of Uniutama Management Holdings Sdn Bhd (UMHSB), is taking over several hotels in the Klang Valley and Penang.

The signing of the Memorandum of Understanding (MoU) on July 19 to work towards commencing the Kuala Lumpur–Singapore High Speed Rail (HSR) operations by 2026 has sparked renewed interest along the property line.

OCR Land Holdings Sdn Bhd will launch The Pano — a residential and retail development at Jalan Ipoh Batu 3 in Kuala Lumpur, by end-September — said sales and marketing director Emily Ong.

About 36.2% of people surveyed by TheEdgeProperty.com believed that prices of properties will decline in the next 12 months, citing factors such as the current dampened economic sentiment, oversupply and lending curbs.