AME REIT's IPO public portion oversubscribed by 2.46 times
AME Real Estate Investment Trust’s (AME REIT) initial public offering (IPO) for the Malaysian public portion was oversubscribed by 2.46 times.
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Steven Bochco’s LA home up for sale at US$35 mil
The home, which was once owned by Sylvester Stallone, was designed by “Hollywood’s architect to the stars”, Paul Williams
Australia’s house prices see steepest drop in four decades
Rapidly rising interest rates are also expected to drive further falls going forward.
MBSJ holds live weekly ‘coffee talk’ with stakeholders
The Subang Jaya City Council (MBSJ) recently started a weekly live engagement session dubbed Subang Jaya Coffee Talk with stakeholders in the municipality.
DONE DEAL: TY Hotel, Kuala Terengganu
Noteworthy:
- Leasehold
- Built up: 22,356 sq ft
- 36 bedrooms, 37 bathrooms
- Fully furnished
- Nearby amenities: Restaurants, convenience shops, Kuala Terengganu Specialist Hospital, Batu Buruk beach, Chinatown, bus stops
- Accessibility: Highway Paloh-Banggol Tuan Muda
When: July 2022
DONE DEAL: The Troika, Kuala Lumpur
Noteworthy:
- Freehold
- Built up: 5,858 sq ft
- 5 bedrooms, 5 bathrooms
- Penthouse
- Semi-furnished
- Nearby amenities: Petronas Twin Towers, Suria KLCC and hospitals
- Accessibility: Ampang-Kuala Lumpur Elevated Highway (Akleh), Jalan Tun Razak, SMART Tunnel, as well as LRT and MRT stations
When: April 2022
KPKT sets 23 indicators to improve Malaysia's rating in the Global Liveability Index
The Housing and Local Government Ministry (KPKT) has taken the initiative to introduce the Liveable Malaysia Agenda by setting the Malaysia Liveability Index (iDAM) to be practised by the Local Authorities (LAs) in the country.
BNM likely to follow through with third 25 bps rate hike in September, says UOB
In its September Central Bank Watch note released on Wednesday (Aug 31), UOB said that besides internal factors, expected outsized US Federal Reserve rate hikes in the coming months and global monetary conditions would also be taken into consideration by Malaysia's central bank in its September meeting.
UMW disposes of 140 acres of land in Serendah to LONGi for RM304.9m
UMW Group is disposing of 140 acres (56.66 hectares) of land at the UMW High Value Manufacturing Park (UMW HVM Park) in Serendah to LONGi (Kuching) Sdn Bhd for RM304.92 million.
Ekovest net loss swells in 4Q as construction and property investment revenues decline
Ekovest Bhd's net loss for the fourth quarter ended June 30, 2022 (4QFY22) ballooned to RM123.81 million from RM2.66 million a year before, dragged by lower contribution from the construction and property investment segments.
