SINGAPORE (Jan 27): Andaz Singapore, a boutique hotel brand under Hyatt Hotels Corporation, is scheduled to open in the first half of 2017, said M+S Pte Ltd chairman Tan Sri Azman Yahya.
 
“The hotel itself is of a decent size, at over 340 rooms, and we have gone through a long and detailed evaluation process before choosing Andaz,” he said at a media briefing here today.

KUALA LUMPUR (Jan 27): IGB Real Estate Investment Trust (REIT) recorded a total distribution per unit of (DPU) of 7.79 sen for the financial year ended Dec 31, 2014, an increase of 10.7% from 7.04 sen in FY13.

The total DPU in FY14 represented a yield of 5.37%, based on the unit’s closing price of RM1.31 today.

HONG KONG: Dalian Wanda Group, China’s biggest commercial real estate conglomerate, said yesterday it is investing US$1 billion (RM3.61 billion) in a prime property development close to Sydney Harbour, its second large investment in Australia.

KUALA LUMPUR (Jan 26): KLCC Property Holdings Bhd (KLCCP) has announced a distribution per unit (DPU) of 8.75 sen for its fourth quarter ended Dec 31, 2014, which is marginally higher than last year’s 8.71 sen.

KUALA LUMPUR (Jan 26): Perduren (M) Bhd will divest its existing property assets to focus on a possible niche area of property development and property investment businesses related to the oil and gas (O&G) industry, the company said in a filing to Bursa Malaysia today.

KUALA LUMPUR (Jan 26): CapitaMalls Malaysia Trust (CMMT) announced it has entered into a conditional sale and purchase agreement with Tropicana City Sdn Bhd, a wholly-owned subsidiary of Tropicana Corp Bhd, for the acquisition of Tropicana City Mall.

PETALING JAYA (Jan 26): Furniweb Industrial Product Bhd (FIPB) which is in talks with a few parties to establish joint ventures in property development, is taking a cautious stance in selecting its partners.

KUALA LUMPUR: While a cut in development spending seems remote for now, a further fall in commodity prices could force the government to consider doing so, especially with a possible credit rating cut looming in the background.

KUALA LUMPUR (Jan 23): Lifestyle property developer Eastern & Oriental Bhd (E&O) has teamed up with Taiwan-based marketing agency TW House, to kick off the regional launch of its "18 East at Andaman" condominium project in Penang.

KUALA LUMPUR (Jan 23): Private property developer OCR Land Holdings Sdn Bhd had acquired today, 15 million shares or a 7.6% stake in Takaso Resources Bhd.

In a filing with Bursa Malaysia, Takaso (fundamental:1.25; valuation: 0.3) announced that OCR had acquired the shares today via direct business transaction, and raised its direct interest in Takaso to 13.88% or 27.5 million shares.