According to RHB Investment Bank (RHB IB), which has received insights from real estate agency Knight Frank Malaysia, a lot of infrastructure projects, property developments, facility expansions and investments are “brewing” in Iskandar Malaysia, which is formed by major cities in Johor.
Rental growth expected to ease for remainder of the year as occupiers adopt cautious approach KUALA LUMPUR (Aug 21): Prime logistics rent in 17 key cities across Asia-Pacific showed an average rise of 10.
The group in a filing with Bursa on Aug 18 said it also saw a lower share of results of associates and joint ventures in the current quarter, mainly due to a share of loss in an associated company resulting from fair value loss on its investment properties.
Total revenue of RM605 million; 76% from property development activities.
Having emerged from the pandemic a year ago with everything continuing to normalise and getting better, and with elections out of the way, developers are optimistic about the next year.
In a bourse filing on Friday (Aug 18), Kerjaya Prospek said its revenue grew 11.
In a report on Thursday (Aug 17), Inside Asian Gaming magazine cited analysts as saying that the influx of Chinese tourists bodes well for Singapore’s two integrated resorts — Marina Bay Sands and RWS — after each booked strong financial results for the June 2023 quarter.
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The company said its first hotel in that country, Travelodge Myeongdong Euljiro, has been registering an occupancy rate of above 80% and an average daily rate of more than 90,000 won (RM320) since January.
The group is expected to record a net loss of about RM22.
For the first half ended June 30, Sunway REIT’s NPI advanced 12.
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