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.

It features no more than 150 units, to be priced above RM3 mil each.

The group said its wholly-owned unit, Mudajaya Corp Bhd, accepted the award yesterday from Mass Rapid Transit Corp Sdn Bhd for the project covering the stretch from Universiti Putra Malaysia in Serdang to Taman Pinggiran Putra in Putrajaya.

OCR said its 70%-owned subsidiary Kita Mampan Sdn Bhd, through its associate AES Builders Sdn Bhd, last Thursday received a letter of award from Perbadanan PR1MA Malaysia to be the main contractor for the proposed project.

The group is acquiring the land from its single largest shareholder, the Armed Forces Fund Board (LTAT), which controls 60.92% of the group, for RM172.78 million, to be satisfied entirely by proceeds from a rights issue it completed on June 23.

Selayang18 is a 3.2-acre leasehold project comprising two towers of 22 storeys each. It has a gross development value of RM240 million.

Jade Hills is a luxury gated-and-guarded residential development in Kajang.