Wasco to dispose of Shah Alam land for RM40 mil
Energy infrastructure group Wasco Bhd is disposing a parcel of land together with storage buildings erected on site in Shah Alam for RM40 million to Array Metal (M) Sdn Bhd.
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High Court sets March 27 as auction date for Serba Dinamik’s five plots of land in Shah Alam
The Shah Alam High Court has set March 27 as the auction date for five plots of land in Shah Alam belonging to Serba Dinamik Holdings Bhd.
Economists expect OPR to remain at 3% for the rest of 2024
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 ceases to be substantial shareholder of Bina Puri
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 REIT’s 4Q net property income up 39%, pays 4.6 sen DPU
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.
DONE DEAL: Condominium, Kampung Sungai Kayu Ara, Selangor
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, Lagenda Properties set up Seed Homes Lagenda to develop affordable housing
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.
BNM keeps OPR at 3%
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 raises Sentral REIT earnings forecast by 11% following Menara CelcomDigi acquisition
RHB IB has raised Sentral REIT’s earning forecast for 2024–2025 (FY2024F–2025F) by 11% after incorporating contributions from the Menara CelcomDigi acquisition.
DONE DEAL: Condominium, Bukit Bintang, Kuala Lumpur
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
