They say information is power and information gives you the edge. This fact is not lost on Worldtree Properties.

Axis Real Estate Investment Trust (REIT) is acquiring industrial premises in Negeri Sembilan for a cash consideration of RM48 million.

EcoFirst Consolidated Bhd has clarified that the group still has a net gain despite disposing of eight out of 15 retail units at lower than market price in a recent related party transaction.

Gadang Holdings Bhd nearly doubled its net profit for the first quarter ended Aug 31, 2023 (1QFY2024) from a year ago, thanks to stronger property sales, coupled with the commencement of commercial operations of its nine-megawatt (MW) mini hydropower plant in Lintau, Indonesia.

CapitaLand Malaysia Trust’s (CLMT) net property income (NPI) climbed 52.6% to RM58.32 million for the third quarter ended Sept 30, 2023 (3QFY2023) from RM38.21 million a year earlier on higher revenue, boosted by income contributions from Queensbay Mall and more revenue contributions from its retail properties.

Noteworthy:

• Leasehold
• Built up size: 2,000 sq ft
• Land size: 1,760 sq ft
• 4 bedrooms, 4 bathrooms
• Semi-furnished
• Nearby amenities: F&B outlets, hypermarkets, colleges and schools, : One Utama, Tesco, Ikea, Ikano Power Center, Sunway Giza, MRT Kota Damansara, MRT Surian.
• Accessibility: LDP, New Klang Valley Expressway (NKVE), Bandar Utama Interchange

When: August 2023

A lawmaker has questioned the significant cost difference between the estimated costs for the construction of five previously cancelled Light Rail Transit Line (LRT3) stations in the Klang Valley and Penang's much larger LRT project.

While lauding the proposed relaxation of the Malaysia My Second Home (MM2H) rules under Budget 2024, Glomac Bhd managing director and chief executive officer (CEO) Datuk Seri Fateh Iskandar Mansor (FD Iskandar) urged the government to consider imposing the flat 4% stamp duty on Memorandum of Transfer (MOT) documents on foreign property purchasers only after there is significant uptake of units in the local market.

Airbnb, operator of an online marketplace for vacation rentals and tourism activities, recently teamed up with the Town and Country Planning Department (PLANMalaysia) to develop a set of guidelines for short-term rental accommodation (STRA) nationwide, it announced in a press release on Wednesday.

Hextar Technologies Solutions Bhd (HexTech) launched MoneyX, a one-stop fintech mobile superapp with artificial intelligence (Al) supported tools today.