Daily Industry News Update (3 February 2022)

INDUSTRY NEWS (3 February 2022)

Court Of Appeal Rules Minister Is Empowered To Extend Delivery Of Vacant Possession

The Court of Appeal has held that the Minister of Housing and Local Government is empowered to extend the time for the delivery of vacant possession, a ruling that will have a reverberating effect.

Pavilion REIT’s FY21 above expectation

PAVILION Real Estate Investment Trust’s (REIT) financial year 2021 (FY21) core net profit was above CGS-CIMB Securities Sdn Bhd’s expectations at 113% and consensus full-year forecasts.