Amcorp Properties Bhd (AmProp) is planning to venture into the Hong Kong property market via a tie-up with Grosvenor Asia Pacific Ltd.

MBSB said it plans to negotiate with the existing shareholders of AFB, namely Qatar Islamic Bank, RUSB Investment Bank Inc, Tadhamon International Islamic Bank and Financial Assets Bahrain WLL.

The group said the decline was partly mitigated by correspondingly higher profit of the hotel and resort business arising from higher revenue as well as higher share of profit from associated companies, including Berjaya Kyoto Development (S) Ltd.

It was a cool, sunny spring morning in Melbourne in the middle of last month when S P Setia Bhd hosted the ceremony for the completion of Parque Melbourne, its third residential project there. Parque (see sidebar) was launched in 2013 and the 332-unit block was sold out in three months.

MRT Corp said the construction schedules of the linkways were beyond its control.

There are 573 double-storey terraced houses in phase 1 of Kundang Estates, with built-ups ranging from 1,733 to 2,434 sq ft. Prices start from RM570,000.

DBS Group Research has an “underweight” rating on the Singapore REIT sector as it anticipates four interest rate hikes by the US Federal Reserve in 2017 alone.

BHS Industries Bhd is hoping to turn itself around in the financial year 2017 (FY2017) by diversifying into the construction and property business.

In September, GSH launched a 632-unit high end residential development in Kuala Lumpur called Eaton Residences at prices ranging for RM1.14 million for a 635 sf unit to RM4.92 million for one spanning 2,874 sf.

O&C Resources Bhd shares jumped 3.75% this morning after its 34.3%-owned indirect subsidiary, AES Builders Sdn Bhd, was appointed by Perbadanan PR1MA Malaysia (PR1MA) to carry out the design, planning, procurement, construction and completion of a project in Bukit Jalil.