Xtra Furniture Freedom Chair
PRG, SPNB in Ipoh affordable housing tie-up
Investment holdings group PRG Holdings Sdn Bhd (PRGH) is poised to embark on its first affordable housing development in Ipoh, Perak, with the help Syarikat Perumahan Negara Bhd (SPNB) following the acquisition of land parcels within the state. Recently, the group’s wholly-owned subsidiary Premier Construction Sdn Bhd (PCSB) entered... Read more
The Broadway taps into revitalised interest in the heart of London
FORMER SCOTLAND YARD HQ TRANSFORMED INTO A VIBRANT RESIDENTIAL AND COMMERCIAL HUB THAT APPEALS TO AN INTERNATIONAL SET OF UPMARKET BUYERS BY Chris Prasad By now, it has become evidently clear that it will take more than Britain’s unceremonious divorce from the European Union to diminish global appetite for... Read more
Improved earnings ahead for M-REITs
The overall market may be taking a dip, but CIMB Equities Research foresees that Malaysian Real Estate Investment Trusts (M-REITs) earnings will improve in this half of the year. It said improvement in the second half of the year will be supported by mid-single-digit rental reversions from retail assets... Read more
Construction on The Estate hits top gear
BON ESTATES INKS RM291m “MAIN-CON” DEAL WITH KERJAYA PROSPEK Work on Bon Estate Sdn Bhd’s RM650 million luxury residential project, The Estate in South Bangsar, is expected to gain pace now that the company has secured a strategic partnership with reputable construction firm Kerjaya Prospek (M) Sdn Bhd. A... Read more
New breed of industrial & logistic spaces meet new market needs
DON’T BE SURPRISED IF ALIBABA OR AMAZON BECOME MAIN TENANT OF ‘AREA LOGISTICS @ AMPANG’ BY Zoe Phoon “The property is designed as an e-commerce fulfillment centre and logistics hub. It is there to compliment the rapidly growing e-commerce space requirements in the coming years,” Datuk Stewart LaBrooy, executive chairman,... Read more
A globalised future for property investment
BY Chris Prasad International real estate firm Knight Frank predicts that more than 30% of total worldwide real estate transactions will be cross-border by 2018. In its inaugural Active Capital report released last month, Knight Frank foresees that the globalisation of real estate will accelerate next year, suggesting that... Read more
Satori appeals to mind, body and soul
NEW WELLNESS-LEISURE MIXED DEVELOPMENT IN MALACCA PROMISES THE BEST OF LIVING… BOTH PHYSICALLY AND MENTALLY BY Zoe Phoon Malaccans can look forward to new homes and world-class amenities that promote wellness in three years’ time when the Satori mixed development with an estimated GDV of RM300 million is up... Read more
Introducing… the industrial space of the future
WE SPEAK TO AREA MANAGEMENT EXECUTIVE CHAIRMAN LABROOY ABOUT THE NEW BREED OF MANAGED INDUSTRIAL PARKS AND MORE… BY Zoe Phoon Developers and industry stakeholders are realising the need to do more than just offer a choice property to compete. Find out what’s in store for the new breed... Read more
Seeking certainty of returns? Find out why REITs the way
BY Zoe Phoon A real estate investment trust (REIT) is a company that owns or finances income-generating real estate. The latter includes shopping malls, industrial facilities, office buildings, hospitals, hotels, plantations and infrastructure. The following Q&A with Leong Kit May, CEO/executive director, Axis REIT Managers Bhd, provides insights into... Read more
SP Setia encouraged by FY2017 performance so far
The financial year 2017 may have just begun for property big guns SP Setia Bhd, but early signs have been promising and the company fully expects to hit its RM4 billion target for the year. Yesterday, SP Setia announced that the group achieved a revenue of RM940.2 million and... Read more