A penthouse at Aman Residences Dubai, a luxury residential development in the Jumeirah Peninsula in the UAE, was sold for AED422 million (RM452.62 million) on March 5, transaction data published by the Dubai Land Department shows.
Jesselton Courtyard, a freehold residential development in Penang, Malaysia, will be launched for sale to Singapore buyers at an event hosted by Savills Singapore during the weekend of Jan 17 and 18.
This marks the seventh consecutive quarter of decline in Singapore retail rents, widening from the 0.5% fall in 2Q2021. Retail rents have fallen 21% from pre-Covid-19 levels in 4Q2019
The leasehold vacant land measuring 3.781ha was originally slated to be developed into an integrated mixed development that will comprise a shopping mall, cineplex, convention hall and auditorium, meeting rooms, a hotel block and a serviced apartment block
The Medici-Watermark is an indirect 60%-owned subsidiary of Hatten Land
Genting Singapore is leading a consortium comprising Sega Sammy Holdings, Sohgo Security Services Co, Kajima Corporation, Takenaka Corporation and Obayashi Corporation
Awana Rentak currently owns 48.4 acres of industrial land in Tanjung Malim, which it has unsuccessfully tried to sell in the last two years.
The group noted that despite the tough economic impact of Covid-19, operating revenues were sustained from sales and construction of projects such as Vertu Resort and Beacon Executive Suites as well as sales from completed projects such as Tri Pinnacle and Vervea.
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