E&O’s unbilled property sales soar to RM605m
By BUSINESS TIMES EASTERN & Oriental Bhd (E&O) (3417) says its unbilled property sales as at September 30 have surpassed peak levels recorded in the year ended March 2008. E&O, listed on Bursa Malaysia’s main board, locked in unbilled property sales of RM604.8 million during the period compared to RM203.7 million registered as at March [...]
MRCB to go big in the property sector
By THE STAR Merger with IJM Land will result in the second-largest property developer on Bursa Malaysia PETALING JAYA: After nearly 30 years, Malaysian Resources Corp Bhd (MRCB) is poised to join the premier league of the property development sector via its proposed merger with IJM Land Bhd. The company started in 1969, under the [...]
M-REITs on the acquisition trail
By THE STAR Set to expand yield accretive and market capitalisation PETALING JAYA: Malaysian real estate investment trusts (M-REITs) are taking steps to expand their yield accretive potential and market capitalisation with a number of asset acquisitions underway. Malaysian REIT Managers Association (MRMA) chairman Stewart LaBrooy said there was a resurgence in activity in the [...]
KL plans RM1b Islamic property trust
By BLOOMBERG Pelaburan Hartanah Bumiputra Bhd, a unit of a Malaysian government foundation, said it will start a RM1 billion Islamic property trusted to enable the country’s so-called bumiputeras to invest in real estate. Bumiputeras, comprising ethnic Malays and indigenous people, will able to invest in the trust for a minimum RM500, Pelaburan Hartanah said [...]
HSBC Amanah: Islamic REITs drawing Gulf investors
By REUTERS DUBAI: More syariah-compliant real estate investment trusts (REITs) will come to market in Asia in early 2011 as cross-regional Islamic investors increasingly embrace the product, HSBC Amanah Malaysia’s new head said. Singapore’s first syariah-compliant REIT, Sabana REIT, listed last Friday, has drawn a mixture of both conventional and Islamic investors, a quarter of [...]
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