YTL buys Singapore REIT

By BUSINESS TIMESThe sale to the infrastructure conglomerate involves 247.1 million units of Macquarie Prime REIT at S$0.82, a premium of 52 per cent over the units’ last traded priceINFRASTRUCTURE conglomerate YTL Corp Bhd yesterday thrust itself into the heart of Singapore’s Orchard Road prime property belt when it took control of the Macquarie Prime [...]


YTL ventures into S’pore REIT

By THE STARPETALING JAYA: YTL Corp Bhd is making inroads in Singapore’s real estate sector with its proposed acquisition of about 26% in Macquarie Prime REIT (MP REIT) and 50% of Prime REIT Management Holdings Pte Ltd from Macquarie Bank Ltd for S$285mil. Prime REIT is the holding company of Macquarie Pacific Star Prime REIT [...]


Sunrise is confident RM1.3bil in unbilled sales can sustain performance over three years

By THE STARKUALA LUMPUR: Despite softer conditions in the property market, Sunrise Bhd expects to perform well in the next two to three years due to its high unbilled sales of RM1.36bil. Executive deputy chairman Datuk Allan Lim Kim Huat said the sales were equivalent to about 2.6 times its average annual income over the [...]


Emkay to develop more projects via Setia Haruman

By BUSINESS TIMESThe group may buy more land to build data centres, more purpose-built commercial buildings and a university for Malaysian and international investorsTHE Emkay Group expects to boost its revenue in Cyberjaya, Selangor, by opening up new land for development via its stake in Setia Haruman Sdn Bhd, the master developer of Cyberjaya.Setia Haruman, [...]


i-Berhad expects RM2b township to drive profit

By BUSINESS TIMESI-BERHAD, a home appliances maker turned property developer, expects to see double-digit growth in its net profit this year.Director Eu Hong Chew said this would be driven by its RM2 billion integrated commercial township in Shah Alam, known as i-City. Last year, the company made a net profit of RM1.9 million.”The main (profit) [...]


Bukit Kiara in UAE JV It is injecting RM700mil of properties

By THE STARDUBAI: The Bukit Kiara group is injecting its properties, with a gross development value (GDV) of RM700mil, into a joint-venture (JV) company with United Arab Emirates’ Al Batha group to focus on property developments in Malaysia and overseas. Under the JV agreement signed in Dubai yesterday, the JV company, Al Batha Bukit Kiara [...]