KUALA LUMPUR: Cooling measures to arrest rising property prices in the country had an effect on the number of transactions conducted last year, but they did not affect the value of these transactions.

KUALA LUMPUR: BlackRock Inc, the world’s largest asset manager, is seeking bids to sell two office towers and a mall here, according to a sale document viewed by Bloomberg.

KUALA LUMPUR: Malaysia’s Islamic real estate investment trusts (REITs) may underperform stocks this year as quickening economic growth boosts companies’ earnings.

KUALA LUMPUR: LBS Bina Group Bhd has inked a deal with a Johor state government unit to jointly develop four plots of leasehold land measuring 14.16 acres (5.73ha) in Tampoi with a gross development value (GDV) of RM815 million.

KUALA LUMPUR: Kajang-based property developer, MKH Bhd, expects its sales to hit RM800 million for the financial year ending Sept 30, 2014 (FY14) in conjunction with the launch of its nationwide property carnival.

MKH managing director Tan Sri Eddy Chen said the group’s property sales had accelerated this year to RM280 million as at February.

KUALA LUMPUR: Axis REIT Managers Bhd (ARMB), the manager of Axis Real Estate Investment Trust (Axis REIT), has declared the highest first quarter income distribution of 5.3 sen per unit following strong results in the  REIT’s financial results for the quarter ended March 31 boosted by the disposal of Axis Plaza.

SEPANG: Express Rail Link Sdn Bhd (ERL), the operator of KLIA Ekspres and KLIA Transit train services, is keen to bid for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project, saying it is a good candidate with its capabilities and technical know-how.

KUALA LUMPUR: IJM Corp Bhd’s wholly-owned subsidiary, IJM Construction Sdn Bhd, has been appointed by Damansara Uptown Retail Centre Sdn Bhd (DURC) to construct a commercial development in Damansara Utama, Petaling Jaya for a contract sum of RM396 million.

KUALA LUMPUR: The manager of AmanahRaya Real Estate Investment Trust (ARREIT) is eyeing potential acquisitions worth RM50 million to RM350 million to expand its portfolio to RM1.5 billion over the next three years from RM1.01 billion currently.

KUALA LUMPUR: GuocoLand (Malaysia) Bhd, which is 64.98%-owned by Singapore-based GuocoLand Ltd, the property investment arm of the Hong Leong Group, recorded a net profit of RM15.71 million for the third quarter ended March 31 (3QFY14).