Pavilion Real Estate Investment Trust (REIT)’s net property income rose 11.5% to RM104.8 million in the first quarter ended March 31, 2023 (1QFY2023) from RM93.99 million in the same quarter a year earlier, as it reported stronger revenue thanks to higher rental income due to increased occupancy, rent revenue, and advertising and marketing income at its retail malls. Revenue grew 16.23% to RM156.41...
Real Estate and Housing Developers’ Association (Rehda) Malaysia is encouraged that the “new Unity government is taking a pragmatic approach” to review the conditions for the Malaysia My Second Home MM2H scheme which had been made stricter in 2021. The previously set conditions have had damaging impact on the MM2H programme where Malaysia was not only losing to our neighbouring countries but also...
Situated at an altitude of 914.4m (3,000ft) above sea level in Gohtong Jaya, Genting Xintiandi brings forward a mixed-use development centred around Live Work Play. Spanning across 24.3ha (60 acres), Genting Xintiandi is a mixed-commercial hub with service apartments, hotels, bus terminals and commercial space jointly developed by Genting Malaysia Bhd (GENM) and Aset Kayamas. The development...
Aset Kayamas集团与云顶马来西亚联手在梧桐再也打造一处结合生活、工作和玩乐的“云顶新天地”综合性发展项目，为云顶这块土地增添新景区，带动当地旅游和经济发展。 双方今日为“云顶新天地”展销廊主持推介仪式...
Bukit Jalil is about to witness a remarkable transformation with the highly anticipated launch of Ayanna Resort Residences. This extraordinary residential development promises to set new standards in luxury living, offering residents an unrivaled experience of opulence and serenity. Nestled amidst lush greenery, Ayanna Resort Residences boasts a 1-acre green lung, creating a harmonious connection...
With the opening ceremony for the 16th edition of the Langkawi International Maritime and Aerospace exhibition being held last night, this morning's event to get the show going was only a matter of formality. Defence Minister Datuk Seri Mohamad Hasan and Transport Minister Anthony Loke jointly signalled the beginning of the opening gambit by pressing a button on the main stage. Mere seconds later, a...
KSL Esplanade Mall by KSL City Management Sdn Bhd, a wholly owned subsidiary of KSL Holdings Bhd, is having its soft opening on May 31. It expects to draw more than a million shoppers living within a 30 to 45 minute drive from the retail mall, according to a press release dated April 18. Located within KSL Holdings’ 448-acre (181.3-hectare) KSL Bandar Bestari, the shopping mall aims to offer “more...
Genting Highlands will soon welcome King's Park, an integrated entertainment complex with commercial and leisure properties worth over RM1 billion. The premium Swissôtel Genting Highlands will be among the five-star hotels at King's Park. The Swissôtel Genting Highlands will have 300 rooms, a grand ballroom, executive lounges, bars, and a heated swimming pool, and will open in the third quarter of...
Property developer Radium Development Bhd, en route to a Main Market listing on May 31, has set a price of 50 sen per share for its initial public offering (IPO) exercise that will raise RM434 million. The exercise comprises a public issuance of 868 million new shares, or 25% of its enlarged share capital of 3.47 billion shares. Its expected market capitalisation is RM1.73 billion upon listing. The...
A total of 50.3% or 6.4 million accounts of the total loan accounts in the household sector are fixed-rate loans that are not affected by the 100-basis-point (bps) increase in the overnight policy rate (OPR) last year, said Deputy Finance Minister Datuk Seri Ahmad Maslan. An estimated 54.8% of loan accounts of low-income borrowers, with an income of less than RM5,000 per month, are...