KUALA LUMPUR: Boutique property developer KL Metro Group Sdn Bhd will kick off the third phase of its water chalets and home project in Port Dickson, Negri Sembilan, by the end of this year, said its managing director Datuk Low Tak Fatt.The third phase, called the Hibiscus Garden Chalets, with a gross development value (GDV) of RM45 million, is a single-storey landed resort comprising 74 units,
SINGAPORE: CapitaLand Ltd, Southeast Asia’s biggest developer, said third-quarter profit fell 33% from a year earlier, when it booked gains from asset sales.
PUTRAJAYA: Putrajaya Holdings Sdn Bhd is planning to start construction a commercial project adjacent to Alamanda shopping complex in Precinct 1, Putrajaya sometime next year, said chief executive officer Datuk Azlan Abdul Karim.
Azlan said the company plans to build “a big box retail area” that is designed for retailers of home furnishing and electrical goods.
PETALING JAYA: Sunway City Bhd announced on Oct 27 it has signed an MoU with Sino-Singapore Tianjin Eco-City Investment and Development Co Ltd (SSTEC) to develop a project in Tianjin Eco-City with a gross development value (GDV) of RM2.48 billion.
NEW YORK: Fewer US households are prepared for retirement after the value of their homes and investment portfolios declined in the recession, Nationwide Mutual Insurance Co said.
KUALA LUMPUR: Boutique property developer KL Metro Group is gearing up to expand its signature water homes resort to Penang, said Datuk Low Tak Fatt, managing director, KL Metro Development Sdn Bhd during a press conference on Oct 27. Water homes are properties built on a platform or surface over water, in this case, over the sea.
WASHINGTON: The stabilisation in US home prices won’t last, according to economists at Goldman Sachs Group Inc in New York.
Their counterparts at BofA Merrill Lynch Global Research see a “treat” rather than a retreat.
Investments in commercial real estate logical strategy as inflation looms in Asia, says Cushman & Wakefield
KUALA LUMPUR: The latest Economic Pulse report from Cushman & Wakefield shows that inflation is a likely scenario for Asia excluding Japan in the medium- to long-term future.
Hence, the international real estate services firm suggests investing in selected Asian real estate asset markets as a logical strategy under present circumstances.