AmanahRaya REIT buys property in Cyberjaya for RM40 million

AmanahRaya Real Estate Investment Trust (REIT) is acquiring a land together with a 4-storey office building in Cyberjaya for RM40 million from Cyberview Sdn Bhd and Setia Haruman Sdn Bhd. The freehold land is 2.05 acres in size while the building has a gross floor area of approximately 93,804sf. The property has tenancy agreement for a tenure of five years with a potential for extension for another three years. It also provides an initial net yield of 7.19% per annum.


(The Edge Property, 16/06/2016)

PR1MA to buy affordable homes from Gabungan AQRS for RM314m

PR1MA Corp Malaysia plans to buy 1,140 units of affordable homes, along with the 19.03-acre land on which they will be built, from AQRS Bhd for RM314 million. The project sits on a leasehold land in Putra Perdana Sepang, Selangor. It comprises 4 blocks of 19-storey apartments by a lake side with three different built-up areas of 850sf, 950sf and 1,050sf. The project is estimated to be completed in 3.5 years.


(The Edge Property, 23/06/2016)

Ideal Sun City to buy commercial buildings for RM50 million

Penang-based Ideal Sun City Holdings plans to invest RM50 million to acquire commercial buildings in Penang, Kuala Lumpur and Selangor. Currently, the group has 58 units of stratified properties in Penang and 12 light industrial units in the Klang Valley. It is also pursuing a mixed development project in Selangor.

(The Edge Property, 28/06/2016)