KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) has reduced its average cost of debt to 3.73% as at Dec 31, 2012, from 4.65% as at June 30, 2011, making it the lowest among all REITs in Malaysia.

KUALA LUMPUR: As investors start favouring medium and small property counters for their attractive valuations, Ho Hup Construction Co Bhd is also picking up interest after the company received regulatory approval for its regularisation plan last week.

MAH SING Group Bhd is strengthening its presence in Johor with the upcoming launch of The Meridin @ Medini in Iskandar Malaysia — its sixth development in the state.Located just next to Legoland, The Meridin sits on 8.19 acres of leasehold land acquired from Medini Land Sdn Bhd in October 2012 at RM34.90 psf. The integrated development will be built in two phases.

KUALA LUMPUR: Asia’s economic growth will raise demand for office space in 2013.

KUALA LUMPUR: CPI Development Sdn Bhd’s maiden project called Avantas coming up on a one-acre (0.4ha) freehold tract along Old Klang Road has seen 75% of its 198 serviced apartments sold since its soft launch just after the Chinese New Year festivities in February.

With key projects under the Economic Transformation Programme (ETP) showing progress, areas once considered too far away from the Kuala Lumpur city centre or of little investment potential are expected to boom in the near future.Locations with mass rapid transit (MRT) stations along the Sungai Buloh-Kajang (SBK) MRT line such as Kajang, Kota Damansara and Cheras have already gained interest fro

KUALA LUMPUR:Tune Hotels' maiden Indian property in Ahmedabad, Gujarat, has opened its doors, with guests enjoying new hospitality standards from the award-winning international hotel chain.

The 100-room Tune Hotel Ahmedabad received its first group of guests yesterday, many of whom took advantage of its pre-opening promotional room rates that ranged from 599 Indian rupees (US$11).

KUALA LUMPUR: Sime Darby Bhd's indirect subsidiaries, Sime Darby Ara Damansara Development Bhd and Sime Darby Brunsfield Holding Sdn Bhd, have signed an agreement with Brunsfield Oasis Tower Sdn Bhd for the sale of Block H, Oasis Square, in Ara Damansara, Petaling Jaya, for RM124.5 million.