Following Bank Negara Malaysia's (BNM) decision to maintain the Overnight Policy Rate (OPR) at 3% on Wednesday, economists project the key rate will be kept intact for the rest of the year.

Maju Offshore Capital Sdn Bhd has ceased to be loss-making Bina Puri Holdings Bhd’s substantial shareholder after it sold a 2.96% stake in the company for RM4 million.

Pavilion Real Estate Investment Trust (Pavilion REIT) said its net property income (NPI) rose 38.97% to RM134.64 million for the fourth quarter ended Dec 31, 2023  (4QFY2023), from RM96.89 million a year earlier, due to increased revenue from its malls, including newly acquired Pavilion Bukit Jalil.

Noteworthy:

• Built-up size: 1,140 sq ft
• Leasehold
• Fully furnished
• 3 bedrooms, 2 bathrooms
• Nearby amenities: Kayu Ara LRT station, shopping malls, sports centers, restaurants, schools
• Accessibility: SPRINT, LDP, NSE

When: October 2023

Sime Darby Property Bhd, through its wholly owned subsidiary Seed Homes Sdn Bhd, has signed a shareholders agreement with Lagenda Properties Bhd to set up Seed Homes Lagenda, a 50:50 joint venture to develop affordable housing, according to a statement on Wednesday.

Malaysia’s headline interest rate, the overnight policy rate (OPR), has been maintained at 3% following the Monetary Policy Committee (MPC) meeting on Wednesday, said Bank Negara Malaysia (BNM).

RHB IB has raised Sentral REIT’s earning forecast for 2024–2025 (FY2024F–2025F) by 11% after incorporating contributions from the Menara CelcomDigi acquisition.

Noteworthy:

• Built-up size: 2,153 sq ft
• Freehold
• Fully furnished
• 3 bedrooms, 3 bathrooms
• Nearby amenities: Bukit Bintang MRT Station, Raja Chulan and Jalan Imbi Monorail Stations, shopping malls, F&B outlets, Taman Eko-Rimba KL (TERKL), Stadium Negara, Tung Shin Hospital, KLCC Park
• Accessibility: AKLEH, MRR2, Federal Route 1, MEX, SMART Tunnel

When: November 2023

Axis Real Estate Investment Trust's (Axis REIT) net property income (NPI) for the fourth quarter ended Dec 31, 2023 (4QFY2023) increased by 6.3% to RM66.16 million from RM62.22 million a year ago, on the back of higher revenue.

Sentral Real Estate Investment Trust (Sentral REIT)'s net property income (NPI) rose 30.21% to RM36.26 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM27.85 million a year earlier, on the back of higher revenue.