Press Release: Sunway Property Unveils RM 150 million GDV Serene Villas in its Thriving Sunway Wellesley Master-Planned Community Master Community Developer Sunway Property has officially
Global property consultancy Knight Frank’s Asia-Pacific Prime Office Rental Index for Q3 2024 shows prime office rents in Asia-Pacific are stabilising, falling 0.1% quarter-on-quarter, suggesting a potential bottoming out of the market. This trend is supported by growth in Indian markets, which exhibit strong and sustained demand from offshoring operations and domestic businesses.
As traffic congestion and pollution worsen across urban centres in Malaysia, Selayang residents are rallying for the inclusion of Selayang in the MRT3 line. Leading the advocacy is developer 168 Park Selayang, which recognises the critical need for improved public transportation in the area. The inclusion of Selayang in the MRT3 line would not only help alleviate traffic but also enhance public transport services, which are desperately needed by the local community.
We commend the government’s proactive measures outlined in Budget 2025, which clearly demonstrate a strong commitment to addressing the needs of first-time homebuyers in Malaysia. In light of affordability remaining a key concern and the continued demand for affordable housing, the government’s allocation of RM900 million for the People’s Residence Programme (PRR) and Rumah Mesra Rakyat (RMR) projects is a well-timed initiative.
SUNREIT Perpetual Bond Berhad, a special purpose vehicle wholly owned by Sunway REIT, had successfully issued its maiden rated sustainability-linked perpetual securities of RM500 million on 22 October 2024.
The transaction marked the first ever rated perpetual securities issued by a REIT in Malaysia, and it was also the first ever sustainability-linked perpetual securities in Malaysia.
As another triumphant milestone, IJM Land is pleased to announce the launch of Phase 2 of Ridge View @ Puchong, a premium residential development that has quickly become one of Puchong’s most sought-after addresses. This new phase introduces a limited release of 38 Double Storey Link Villas, offering modern luxury and serene living against the picturesque backdrop of the Ayer Hitam Forest Reserve and Wawasan Hill Trail.
SHAH ALAM, 2 September 2024 – Set to redefine the shopping experience in the northern Shah Alam area, Sime Darby Property Berhad (“Sime Darby Property” or “the Company”) officially marked the soft opening of Elmina Lakeside Mall (“ELM”) with over 98% of its retail spaces confirmed with tenants. ELM is Sime Darby Property’s second wholly-owned mall after KL East Mall.
SELAYANG, 2 September 2024: The 660 units in Block C of 168 Park Selayang comprising commercial units and designer suites is now completed and ready for vacant possession, with the first letters going out to its respective owners on Aug 30, 2024.
For Immediate Release – Savills Singapore, as the exclusive marketing agent, is pleased to launch Concorde Hotel & Shopping Centre on 100 Orchard Road for sale by way of a public tender.
Putrajaya, 28 August 2024 – IOI Properties Group Berhad (IOI 置业集团, Stock code: 5249) announced today that its Board of Directors (“Board”) has decided not to accept the offer by its Group Chief Executive Officer, Lee Yeow Seng (“LYS”) to acquire Shenton 101 Pte Ltd (“Shenton 101”), for the redevelopment of “Shenton House”, a commercial property that is located at 3 Shenton Way, 068805 Singapore (“Shenton House”) (“Proposal”).
IOI Properties Group Berhad (“IOIPG” or “Group”) recorded a revenue of RM2.94 billion for
financial year 2024 (“FY2024”) which ended on 30 June 2024. The robust performance is attributed to stronger results across all segments. The property investment segment maintained its stellar performance with a commendable growth of 32%. The hospitality and leisure segment also grew by 26% driven by the contributions from Moxy Putrajaya, a 480-room hotel which opened its doors just before Chinese New Year and the newly acquired 150-room W Kuala Lumpur, which came onboard in February 2024.
Sime Darby Property Berhad (“Sime Darby Property” or “Group”) delivered record results for the first six months ended 30 June 2024 (“H1 FY2024”), marking its strongest half-year performance since the 2017 demerger.