LBS Bina declares two sen special dividend for FY2016, proposes six sen for FY2017
The property developer said the dividend will be paid out from the receipt of the third tranche of the promissory note payment worth HK$200 million.
AEON scraps Batu Pahat mall plan with termination of land purchase
The proposal in 2014 to buy the freehold plot from Genting Property Sdn Bhd for RM34.85 million was for the development of a shopping centre, AEON said in a filing today.
WCT bags contract for LRT3-related works worth RM185.9 mil
The job was awarded to WCT's wholly-owned unit, WCT Bhd (WB), which received a letter of acceptance from Prasarana on Tuesday.
AHB's interim income distribution drops slightly to 3.1 sen per unit
Amanah Hartanah Bumiputera's (AHB) income distribution for the six months ended March 31, 2017 fell to 3.1 sen per unit, compared with 3.3 sen for the previous corresponding period.
Forest City’s Chinese buyers to get refunds
In a report by South China Morning Post (SCMP) today, Zhu Jianmin, vice-president of Country Garden said “they can cancel the transaction and there is no need to pay a forfeit fee”.
Keong Saik Road’s second wave of gentrification
In early March, Chinatown Hotel on Teck Lim Road was put up for sale. The 42-room boutique hotel is located off Keong Saik Road in the Chinatown-Bukit Pasoh area. The owners have been operating the hotel for the past 25 years.
Here's why STI investments could see better returns than Singapore’s property market
Taking your chances on Singapore’s Straits Times Index (STI) could be a wiser investment decision than putting your capital in the local property market, says Tata Goeyardi of Religare Capital Markets.
PHB’s Mayang Mall to be completed by 2020
The real estate arm and wholly-owned subsidiary of Yayasan Amanah Hartanah Bumiputera (YAHB), Pelaburan Hartanah Bhd (PHB) has officially launched Mayang Mall in Kuala Terengganu. The mall will be completed by 2020 and managed by Sogo KL.
Ascott to build Citadines serviced residences in Brazil
The 92-unit Citadines VN Jardins São Paulo and 122-unit Citadines VN Faria Lima São Paulo are scheduled to open in 4Q2017 and 2020 respectively, both of which will be operated by a local real estate company, Vitacon.
Ascendas REIT completes S$26.5 mil acquisition of Melbourne logistics property
Ascendas Fund Management, the manager of Ascendas REIT, today announced completion of the REIT’s acquisition of Stage 4, Power Park Estate in Melbourne, Australia, from Goodman Dandenong Trust for a purchase consideration of A$24.8 million (S$26.5 million or RM84 million).
