In a Thursday announcement, the property development, investment and capital management unit of Temasek, says the acquisition is part of its long-term strategy to strengthen its corporate housing and serviced apartment business.

CapitaLand says the acquisition will strengthen the group’s foothold in Greater Tokyo and increase the its total asset size in Japan to about S$2.5 billion.

YFG said the project is expected to commence on a date to be notified in writing by Wearegold and to be completed within 24 months.

Project involves the building and infrastructure works of the proposed development of 1,572 units of PR1MA homes.

It will provide management support, technical advice.

According to Bloomberg data, the shares were traded in five blocks at a price of RM1.75 apiece, representing a 3.3% discount to the counter’s closing price of RM1.81 yesterday

TCS Group Holdings Sdn Bhd is set to officially launch its serviced apartment development TCS Arcadia on Feb 18 at Bandar Saujana Putra, Kuala Langat, Selangor.

The outlook for the retail sector is expected to remain flattish this year due to multiple negative factors, said Savills (M) Sdn Bhd managing director Allan Soo.

Sold for: RM1.23 million (RM714 psf); Concluded by: Ho Chan Foong (REN 20362) (016-595 7752) and Freeman Woo Chee Meng (REN 05026) (012-656 7617) of MIP Properties; When: October 2016

CityDev says the acquisition was subject to an open market tender in accordance with regulatory requirements, and that Global City International was awarded the tender at a consideration of RMB550 million.