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KUALA LUMPUR: Gadang Holdings Bhd is teaming up with Perikatan Progresif Sdn Bhd (PPSB) to develop town houses with an estimated gross development value of RM160mil on a 17.5-acre land in Puchong, Selangor.
PETALING JAYA: Gadang Holdings Bhd has entered into a joint-venture (JV) agreement with Perikatan Progresif Sdn Bhd (PPSB) or the landowner for the proposed development of a parcel of leasehold residential land, measuring approximately 17.5 acres located at Taman Putra Perdana, Puchong, with an estimated gross development value of RM160mil.
PETALING JAYA: Malaysian REIT Managers Association (MRMA) chairman Datuk Jeffrey Ng said Malaysian REITs will give an average distribution yield this year of 6.3% despite the escalating supply of office and retail space in the country, particularly in the Klang Valley.
KUALA LUMPUR: In a stock exchange where real estate investment trusts (REITs) own assets as varied as commercial, office, industrial, hotel and plantation properties, a REIT listing will have to “stand out” in terms of portfolio to get the attention of investors.