KUALA LUMPUR: Oxley Holdings, a Singapore developer, has exchanged contracts to purchase Royal Wharf, a 40-acre (16ha) tract in London along the River Thames, for £200 million (RM1.02 billion) from Ballymore Group. The contract of sale was signed on Oct 31.

PETALING JAYA: Speculation in the property market can be further reduced by increasing stamp duty, said Rahim & Co Chartered Surveyors Sdn Bhd founder and executive chairman Datuk Abdul Rahim Abdul Rahman.

KUALA LUMPUR: KPJ Healthcare Bhd expects to add another 10 hospitals worth RM1 billion to its current network of hospitals over the next five years.

KPJ managing director Amiruddin Abdul Satar said its 23 hospitals nationwide have more than 3,000 beds and with the additional 10 hospitals, there will be a further 1,500 beds.

KUALA LUMPUR: Iskandar Malaysia recorded cumulative total investments of RM129.42 billion from 2006 to October this year, said Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin.

Khaled, who is also Iskandar Regional Development Authority (IRDA) co-chairman, said of the total, 44% or RM56.32 billion represented investments that had been realised.

KUALA LUMPUR: Gamuda Bhd has made an offer to buy out highway concessionaire, Kesas Holdings Bhd, for RM875 million cash.

MELBOURNE: S P Setia Bhd plans to continue investing in Australia and London, in line with its policy to have half of its sales coming from overseas projects.

According to S P Setia president and CEO Tan Sri Liew Kee Sin, the company expects 40% of its sales to come from its international properties this year.

KUALA LUMPUR: The recent cooling measures to curb speculation in the local property market are likely to dampen Iskandar Waterfront Holdings Sdn Bhd’s (IWH) IPO on Bursa Malaysia.  

PETALING JAYA: Ekuiti Nasional Bhd (Ekuinas) may have fetched a much higher price from the divestment of its 61.6% stake in Konsortium Logistik Bhd (KLB) to DRB-Hicom Bhd, if it had revalued the property assets in the logistics provider before the sale.

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