“CapitaLand China properties have strong recurrent income generation with good longer-term visibility, in our view,” says  CIMB.

Kumpulan Jetson Bhd has received a letter from MCC Overseas (M) Sdn Bhd wherein the latter purported to unilaterally rescind the award of a RM919.3 million subcontract to undertake main building works for a mixed commercial project on Jalan Conlay.

The Real Estate and Housing Developers' Association (REHDA) is targeting to achieve RM1 billion in sales from around 100,000 units ranging not more than RM500,000 at its upcoming 3-day Affordable Housing Carnival — Malaysia Property Expo (MAPEX) from Aug 11 to Aug 13, 2017.

UOB Kay Hian is reiterating its “buy” call on CapitaLand Commercial Trust (CCT), following news of its divestment of Wilkie Edge to construction and property development firm, Lian Beng Group, for a consideration price of S$280 million (RM870 million).

The manager of Ascott REIT says net sale proceeds, estimated to be around RMB 239 million, may be used to pare down the debts of Ascott REIT and its subsidiaries, or fund potential acquisitions and other general corporate purposes.

Eversendai Corp Bhd fell as much as 6.98% at mid-morning today, on possible profit taking on the counter.

Construction player Bina Puri Holdings Bhd has received the green light from the Indonesia Stock Exchange (IDX) for the listing of its subsidiary PT Megapower Makmur Tbk.

Tiger Synergy said the proposed JV allows it to expand the operation of its property segment and to complement the company’s existing business activities.

Bina Puri Holdings Bhd rose 3.66% this morning after it had received the green light from the Indonesia Stock Exchange (IDX) for the listing of its subsidiary PT Megapower Makmur Tbk, expected to take place on Wednesday.

Including the new acquisitions, the company’s projects in the pipeline have a combined GDV and unbilled sales of approximately RM30 billion which can support eight years of revenue growth.