The daily quoted researcher and consultant Eva Soo, who during a webinar at the JLL Q1'22 Real Estate Market Perspective said that the incoming large supply is mainly due to delays in completion over the past two years due to the economic restrictions brought on by the pandemic.

Distributable income for the quarter amounted to RM20.5 million or 0.95 sen per unit, while revenue grew 19% to RM67.59 million from RM56.66 million a year earlier.

Following the positive trajectories of better market stability and renewed signs of interest, IGB Commercial REIT said it will continue to position itself as the preferred partner for real estate solutions, focusing on building strong relationships with tenants, and maintaining expenses at reasonable levels.

The group intends to utilise the gross proceeds raised from the proposed exercise to redeem all outstanding RCPS-i B which were issued in December 2017 and to repay borrowings. As at April 8, 2022, it had 1.18 billion RCPS-i B amounting to RM1.04 billion in issue.

Foo, 51, assumed the role of executive chairman on April 7. According to bourse filings, she started her early career as a personal assistant to a company director. She then ventured into the insurance business.

In an April 8 note, Hong Leong Investment Bank Research analyst Tan Kai Shuen says much of the property sector dynamics had changed compared with the previous year, owing to the pickup in sales and construction activity following the easing of lockdown restrictions, ending of the Home Ownership Campaign (HOC) last December, rising cost of living and lower household income, inflationary pressures on commodities and building materials cost, border reopening in April, anticipated rate hike and return of capital inflow from foreign investors.

Noteworthy:

• Freehold

• Built-up: 3,250 sq ft

• Semi-furnished

• Five bedrooms, six bathrooms

• Accessibility: Lebuhraya Damansara Puchong (LDP), Jalan SS2/24, Jalan 17/47, Jalan Universiti and SPRINT Highway

• Amenities: public schools and tertiary education institutions, nearby neighbourhood malls within 5km vicinity such as SS2 Mall, 3 Damansara and 1 Utama Shopping Centre as well as nearby shoplots for daily necessities.

When: October 2021

Knight Frank Malaysia acquired real estate agency Property Hub Sdn Bhd in a joint venture (JV) and rebranded the agency as Knight Frank Property Hub Sdn Bhd. The new company will be integrated with Knight Frank Malaysia’s residential operations, acting as the key element of the company’s residential agency network.

Sime Darby Property's two residential projects have recorded high take-up rates during their respective official bookings weekend.

Guocoland (Malaysia) Bhd’s net profit fell significantly by 90.81% to RM6.73 million for the third quarter ended March 31, 2022 (3QFY21), compared with RM73.23 million a year earlier when the group had gained from the disposal of a piece of land in Jasin, Melaka.