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Maybank Research's 'buy' call on Glomac

KUALA LUMPUR: Maybank Investment Research has initiated coverage on Glomac with a “buy” call and RM1.78 target price (41% upside), on its attractive value proposition and explosive earnings growth driven by upcoming high-margin commercial projects.

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Feng Shui in Melbourne

MELBOURNE: This city is the capital and the largest in the state of Victoria. Located in the southeastern part of Australia, Melbourne was established in 1835 but it only transformed into a wealthy metropolis when gold was discovered in the 1850s. It then grew to become one of the largest and richest cities in the world by the 1880s. It is now the second-most populous city in Australia

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City & Country: HDB to sell Clementi Mall by tender

The Singapore HDB is putting up Clementi Mall for sale by tender and has appointed Jones Lang LaSalle (JLL) as the exclusive marketing agent. The suburban retail mall is at the junction of Commonwealth Avenue West and Clementi Avenue 3, and in the heart of an established residential township with over 98,000 residents.

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City & Country: Foreign briefs

DTZ sees positive sentiment translated into higher investment in Asia-PacificTotal commercial real estate investment transactions in Asia-Pacific reached an estimated US$17.1 billion (RM58.5 billion) in 3Q2009, 50% higher than in 2Q, according to a DTZ report. The strong investment recovery comes after the volume fell to a low of US$4.3 billion in 4Q2008.

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The Edge Top Property Developers Awards 2009: Gearing for growth

Sunway City has big plans and while the global financial crisis may have decelerated some of these plans, the developer has its sights firmly trained on the future.Three things excite Sunway City Bhd. According to its managing director (property development) Ngian Siew Siong, they are “property development, our real estate investment trust (REIT) and our regional expansion”.

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