PKNS to enter REIT industry
By THE STAR PETALING JAYA: Selangor State Development Corp (PKNS) will be signing a series of agreements to mark its entry into the real estate investment trust (REIT) industry. The signing ceremony is scheduled for Thursday. PKNS’ prime properties will be put under the PKNS REIT. News of the company’s plan to go into the [...]
Deferred IFRIC 15 brings relief
By THE STAR Local property players get more time to discuss ruling PETALING JAYA: The Malaysian Accounting Standards Board (MASB) has deferred implementing the much-debated accounting practice that recognises developers’ revenue only on completion of projects to 2012, MASB announced on its website yesterday. Under the current system, developers report profits progressively. The new ruling [...]
No decision on Menara Olympia
By THE STAR Jelita Timur has earlier aborted acquisition PETALING JAYA: Olympia Industries Bhd is yet to make a decision on the fate of its Menara Olympia property located along Jalan Raja Chulan in Kuala Lumpur following the decision by Jelita Timur Sdn Bhd to abort the acquisition. Olympia’s corporate communications senior manager Jennifer Chow [...]
RM300m properties sold at expo
By BERNAMA Over RM300 million worth of properties were sold at the sixth iProperty.com Expo Luxury Collection 2010 recently. Organised by iProperty.com Malaysia, the expo showcased some of the world’s most luxurious property developments and resorts at the prestigious Kuala Lumpur Convention Centre from July 30 to August 1. The record expo sales figures are [...]
S’pore moves to cool record property prices
By AP SINGAPORE: Singapore moved yesterday to discourage short-term speculative real estate investing as property prices soar to record highs amid a rapid economic recovery. Bank loans for second homes will now be limited to a maximum of 70 per cent of the value of the property, down from 80 per cent previously, the National [...]
How to build yourself a highly profitable property portfolio without spending a cent
How to build yourself a highly profitable property portfolio without spending a cent. Discover what no estate agent wants you to know, how to buy property with no money down even in the recession. – Property investing seminar
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