KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) is actively looking to acquire neighbourhood malls outside of main city areas that other larger REIT players or investors shy away from.

KUALA LUMPUR: Berjaya Land Bhd reported a net loss of RM19.72 million for its third quarter ended Jan 31 of financial year 2014 (3QFY14), a 14% increase from a net loss of RM17.29 million in the previous corresponding quarter despite higher revenue. Revenue was up 34.4% to RM1.39 billion.

KUALA LUMPUR: Malaysia Aica Bhd’s (Maica) new controlling shareholder, Datuk Ter Leong Yap, is expected to inject three major property developments into the company with an estimated gross development value (GDV) of RM10 billion.

KUALA LUMPUR: Earnings of property developers, though expected to still be intact this year backed by their respective unbilled sales, are however expected to slow down in the next two years, according to analysts.

KUALA LUMPUR: MMC-Gamuda KVMRT (PDP) Sdn Bhd, a 50:50 joint venture between MMC Corp Bhd and Gamuda Bhd, has denied it is one of the five bidders for the proposed RM340 million KL Sentral pedestrian linkway tunnel project.

KUALA LUMPUR: Household debt in Malaysia, which reached 86.8% of gross domestic product (GDP) at end-2013, may continue to rise in the near term.

Fitch Ratings, in its comment on Bank Negara Malaysia’s (BNM) latest figures on the country’s household debt, said the rising trend will increase risks on at least two fronts.

KUALA LUMPUR: Pacific and Orient Bhd (P&O) has entered into an agreement to purchase a tract of land in Miami, Florida for US$7.42 million (RM24.5 million).

In a filing with Bursa Malaysia yesterday, the company said the land, measuring 3.22 acres (1.3ha), will be purchased by its subsidiary P&O Global Technologies Inc from Bianca Investments LLC, which is based in Delaware.

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has not received a proposal from tycoon Tan Sri Syed Mokhtar Al-Bukhary to acquire a substantial interest in S P Setia Bhd, in which PNB has a 64.08% stake.

“I’ve not received anything so I cannot comment on that,” said Tan Sri Hamad Kama Piah Che Othman, president and group chief executive of PNB.

KUALA LUMPUR: Malaysians are adjusting to the new “cooling measures” in the property sector, adopting a cautious approach to purchasing or investing. They are waiting to see how the cooling measures announced in Budget 2014 will affect the property market, iProperty group chief executive officer Shaun Di Gregorio said.

KUALA LUMPUR: Bolstered by the demand for commercial and residential real estate in Central and West End London, the UK capital’s real estate market is expected to continue to perform well in 2014, said the country’s property experts.According to Dr Megan Walters, head of research for Asia-Pacific capital markets at Jones Lang LaSalle, both commercial and residential sectors remain popular.Walt