MQ Technology to diversify into property development
Industrial mold manufacturer MQ Technology Bhd (MQ Tech) has proposed to diversify into property development.
Apex court rules sensitive hill top or hill slope development projects need National Physical Planning Council approval
The Federal Court had on Friday (Jan 20) in a landmark decision ruled that for any hill top or hill slope development projects which are designated as environmentally sensitive in a development plan, approval has to be gained from the National Physical Planning Council (NPPC) as stipulated under Section 22(2A)(c) of the Town and Country Planning Act 2001 (TCPA).
Fitch still expects OPR to be raised to 3.25% despite BNM’s surprise move to pause hike
Although Bank Negara Malaysia (BNM) unexpectedly kept interest rates on hold at its Jan 19 meeting, Fitch Solutions maintained its forecast that the overnight policy rate will be raised to 3.25% over the coming months.
Kumpulan Jetson to dispose of industrial land in Gombak for RM35 mil
Automotive, rail and industrial part maker Kumpulan Jetson Bhd has proposed to dispose of a 1.62-hectare industrial land in Gombak, with a factory complex built on it, for RM35 million.
Axis REIT pays 2.33 sen DPU as 4Q NPI climbs 12.7%; in talks to buy RM120m new assets
Axis Real Estate Investment Trust (Axis REIT)’s net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.71% to RM61.96 million from RM54.98 million a year ago, on the back of income from new acquisitions, new tenancies from existing properties, and positive rental revisions.
CapitaLand Malaysia expects occupancy recovery momentum to sustain in 2023 despite challenging macro environment
CapitaLand Malaysia Trust is “slightly optimistic” that its portfolio occupancy rate would sustain its recovery momentum going into 2023 despite a challenging macroeconomic condition.
IGB REIT declares 2.46 sen DPU as 4Q NPI climbs amid retail recovery; IGB Commercial REIT pays 1.49 sen as NPI drops
IGB Real Estate Investment Trust’s (REIT) net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.79% to RM105.64 million from RM93.66 million a year ago, as revenue increased 24.59% to RM148.72 million from RM119.37 million.
Sheng Tai International launches The Sail Experiential Centre
Sheng Tai International Sdn Bhd (STI) launched The Sail Experiential Centre on Jan 14. The experience centre is the first phase of its mixed-use development, The Sail Melaka in Kota Laksamana, Melaka.
Ecobuilt bags RM93m project to develop a business complex in Penang
Ecobuilt Holdings Bhd's unit has bagged a construction works project worth RM92.46 million to develop a business complex in Penang, according to its bourse filing on Thursday.
Battersea Power Station records £480 mil in residential sales in 2022
Battersea Power Station (BPS) recorded £480 million (RM2.55 billion) in new residential sales in 2022, along with a further £1.1 billion (RM5.85 billion) worth of apartments completed and handed over, as the community grew to over 2,500 residents.
