Axis REIT edges up with new assets, analysts flag tenant risk from latest acquisition
Axis REIT (KL:AXREIT) rose on Monday, following news of its latest acquisition, though analysts are flagging tenant risk as the asset is currently unoccupied.
HBA: DBKL new planning rules and URA could reshape KL—for the worse
DBKL’s new framework seems to centralise decision-making and sideline public voices, effectively shutting the public out of decisions that directly affect the liveability, heritage, and sustainability of their neighbourhoods.
No further cuts seen through 2026 as BNM stands pat on OPR
Economists expect Bank Negara Malaysia (BNM) to keep the benchmark interest rate at 2.75%, as resilient domestic demand and easing global trade tensions reduce the likelihood of further cuts this year and in 2026.
KLIA aerotrain glitch traced to dislodged power device, says project lead Alstom after MAHB demands probe
Alstom, the project lead for the Kuala Lumpur International Airport’s (KLIA) aerotrain system, said the service disruption on Wednesday (Sept 3) was triggered by a dislodged current collector device (CCD) that cut power to one of the train units.
DXN to buy Burj Khalifa apartment for RM7.4 mil from chairman
DXN Holdings Bhd (KL:DXN), a multi-level marketing company specialising in health and wellness products, is buying an apartment in Dubai's iconic Burj Khalifa for 6.4 million dhirhams (RM7.37 million), cash.
Ireka unit faces claim over decade-old Mont’Kiara apartment project
Ireka Corp Bhd (KL:IREKA) on Thursday said its subsidiary has been hit with a RM1.03 million lawsuit tied to a more than decade-old settlement arrangement involving the KaMi Mont Kiara apartment project in Kuala Lumpur.
Axis REIT to acquire industrial property in Port Klang for RM50 mil
Axis Real Estate Investment Trust (KL:AXREIT) said it is acquiring an industrial property in Port Klang for RM50 million.
Pangsapuri Danaumas, Selangor condo unit sold for RM320k | DONE DEAL
Noteworthy:
- Leasehold
- Built-up size: 850 sq ft
- Floor Location: Mid
- 3 bedrooms, 2 bathrooms
- Unfurnished
- Nearby amenities: Central I-City, I-City, Maz International School, Universiti Teknologi MARA, KPJ Klang Specialist Hospital, Taman Tasik Seksyen 7
- Accessibility: Federal Highway, Keses, DASH, NKVE, Jalan Platinum
When: April 2025
News report of 100,000 housing units unsold ‘inaccurate’, Napic’s housing data must be understood, says KPKT
The Ministry of Housing and Local Government (KPKT) has assured that the national housing data prepared and reported is accurate.
E&O secures RM780m in financing facilities from AmBank for Andaman Island Phase 2
Eastern & Oriental Bhd (E&O) has secured RM780 million in financing facilities from AmBank Group to fund the second phase of the Andaman Island project in Penang.
