Call to allow full foreign ownership of REIT firms

By BUSINESS TIMES REIT management firms are now allowed up to 70 per cent foreign ownership while the minimum Bumiputera ownership requirement is 30 per centREAL estate investment trusts (REITs) in Malaysia can grow further if complete foreign ownership of REIT management companies are allowed, said a top spokesperson for the International Real Estate Federation [...]


LBI to launch RM70m project in Puchong

By BUSINESS TIMESLBI Capital Bhd expects to launch a 14.4ha industrial park in Puchong Perdana, this year, a project with a potential gross development value (GDV) of up to RM70 million.Its managing director Datuk Ng Chin Heng said the the new industrial area will cater for the needs of various industries especially those from the [...]


Morubina pushes Kinta Riverfront to Chinese real estate investors

By THE STAR HEFEI: Developer Morubina Sdn Bhd is looking to China to attract investors for its latest project, Kinta Riverfront. Group managing director Ting Sing Yew said buyers from China formed a substantial number of investors in its earlier project, Ipoh Kiara …


Sri Kembangan project to drive LBI Capital

By THE STARSHAH ALAM: LBI Capital expects its commercial development in Sri Kembangan to be its main revenue contributor for the financial year ending Dec 31, 2008.Managing director Datuk Jeffrey Ng Chin Heng expressed confidence in the project comprising 100 units of two- and three- storey shoplots in Taman Pinggiran Putra in Sri Kembangan, which [...]


Mah Sing: All components in Southgate for sale

By BUSINESS TIMESPROPERTY developer Mah Sing Group Bhd says all components of its RM256 million Southgate Commercial Centre on Jalan Tun Razak, Kuala Lumpur, are for sale.Mah Sing will continue to sell its developments and only retain properties for investment when it decides to set up a real-estate investment trust, said deputy chief operating officer [...]


Project to be ‘Mid Valley of Petaling Jaya’

By BUSINESS TIMESPJCC Development Sdn Bhd has sold RM50 million of properties under the first phase of its Petaling Jaya Commercial City (PJCC) development project.The first phase, which is only 45 per cent complete, comprises the retail city precinct that offers three-, five- and eight-storey shop-lots.The book value of the retail city is RM80 million, [...]