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KIP REIT appoints co-founder Eric Ong as MD

KIP Real Estate Investment Trust (REIT) has appointed its co-founder and executive director Datuk Eric Ong Kook Liong as managing director, a position that had remained vacant since Datuk Chew Lak Seong’s death in June last year.

Malaysia's data centre market remains strong, says JLL

The data centre market in Malaysia, which was a rising trend last year, is expected to witness steady growth in the upcoming years, according to real estate service firm JLL in a webinar titled "Data Centre as the New Real Estate Deal" held on Thursday (Aug 18).

DONE DEAL: Office unit at Plaza Conlay, Kuala Lumpur

Noteworthy:

  • Built up: 19,159 sq ft
  • MSC-compliant, Green Building Index (GBI) gold certified
  • Grand lobby and lounge area
  • Unfurnished
  • Nearby amenities: Kuala Lumpur Convention Centre (KLCC), Petronas Twin Towers, Pavilion Kuala Lumpur, Bukit Bintang, Prince Court Medical Centre, hotels, MRT and LRT stations
  • Accessibility: Jalan Tun Razak, Ampang-Kuala Lumpur Elevated Highway (AKLEH), Maju Expressway (MEX)

When: April 2022

Batu Kawan's 3Q profit drops 21% y-o-y on absence of non-operational gains

Batu Kawan Bhd's net profit declined 21.26% year-on-year (y-o-y) to RM304.3 million for the third quarter ended June 30, 2022 (3QFY22) from RM386.465 million in the previous corresponding quarter of 3QFY21, despite higher revenue, because the previous year had accounted for non-operational gains.