CDL’s UK portfolio — which makes up 11% of assets — is also set to receive a boost from better-than-expected performance of UK economy.

CIMB analysts Lock Mun Yee and Yeo Zhi Bin pointed out that it was the highest level of homes sales since the total debt servicing ratio (TDSR) framework was implemented in 2013.

CapitaLand is acquiring a prime commercial site in the CBD of Ho Chi Minh City to develop its first international Grade A office tower in Vietnam.

China Huashi will also fund RM50 million of the construction cost, which is equivalent to the cost of M101 Skywheel’s substructure construction.

Integrated property developer Kepong Industrial Park Group better known as KIP Group will be adding another five hybrid community-centric retail centres under the KiP brand in Selangor, Negeri Sembilan, Pahang and Kedah over the next three to five years.

The firms it is buying are A&M Concrete Products Sdn Bhd and Show Piece Sdn Bhd.

The group’s wholly-owned subsidiary, Mudajaya Corp Bhd (MCB), commenced adjudication proceedings against CMC Machipex Sdn Bhd in October 2015 for a principal sum of RM175.3 million together with late payment interest and cost.

Wholly owned subsidiary, CRL Realty sold its 100% stake in Nassim Hill Realty (NHR) to unrelated third-party Kheng Leong Company.

The selling price for phase two starts from RM600,000 and is slated to be completed by 2019.

By 2030, Asia’s burgeoning smart home market will grow to US$115 billion (RM513 billion), accounting for 30% of the global share, according to global management consulting firm A T Kearney.