Singapore is the second-most important destination in the world for Asian ultra-high-net-worth individuals (UHNWIs) when it comes to real estate investments, according to the latest edition of Knight Frank’s Wealth Report 2017, released on March 1. The UK remains the top destination, followed by Singapore, Hong Kong, China and the US.

MB World Group Bhd’s (MBWG) maiden township development, Taman Sri Penawar in Bandar Penawar, Kota Tinggi in Johor, will be officially launched this Saturday (March 11).

LBS Bina Group Bhd has teamed up with YPJ Plantations Sdn Bhd to jointly develop a mixed township in Kota Tinggi, Johor, with an estimated gross development value (GDV) of RM2.6 billion.

UOB Kay Hian has downgraded its call on Ascott Residence Trust (Ascott REIT) to “hold” from “buy” previously, following Tuesday’s announcement of its S$442.7 million rights issue to acquire Ascott Orchard Singapore, Citadines City Centre Frankfurt and Citadines Michel Hamburg.

The global construction industry’s productivity has been relatively poor due to multiple reasons, but productivity can be improved as much as 50% to 60% .

The East Coast Rail Link (ECRL) is capable of boosting gross domestic product (GDP) growth by about 1.5% for the three states — Pahang, Kelantan and Terengganu — in the East Coast, says Prime Minister Datuk Seri Najib Razak.

DBS is maintaining its “buy” recommendation for CapitaLand Commercial Trust, thanks to the timely acquisition of the remaining 60% stake in CapitaGreen.

The Construction Industry Development Board (CIDB) expects its RM2.5 million MyBIM Centre to commence operations in May this year.

The rejection rate for housing loans is as high as 60%, causing property sales to remain sluggish, says the Real Estate and Housing Developers' Association (Rehda).

Hock Seng Lee Bhd (HSL) has been awarded Package A of the Centralised Wastewater Management System for Miri City (Phase 1) worth RM333 million.