KUALA LUMPUR: Standard & Poor's Ratings Services has revised its industry outlook for China's real estate development sector to negative from stable, as credit conditions in that country have become increasingly challenging.

KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT) has entered into a conditional sale and purchase agreement to acquire East Coast mall in Kuantan, Pahang, priced at RM310 million.

In its announcement to Bursa Malaysia on Tuesday, June 14, CMMT noted that the total acquisition cost would come up to about RM330 million after factoring in the acquisition fee and expenses.

HONG KONG: Hotel ICON, an upscale hotel in Tsim Sha Tsui East, announced its soft opening here on Tuesday, June 14.

SEOUL: Daewoo Engineering & Construction Co, South Korea's fourth-largest builder won a US$190 million (RM575.7 million) deal to build a luxury hotel in Kuala Lumpur, reports South Korea's Yonhap news agency on Tuesday, June 14.

LONDON: The BBC has put its landmark Television Centre broadcasting hub up for sale under plans to cut its property holdings by 30%.

The disposal of the 51 year-old building in London's White City district could raise more than £300 million (RM1.49 billion) for the publicly-funded broadcaster.

CapitaMalls Malaysia Trust (June 13, RM1.17)

Sunway Holdings Bhd (June 13, RM2.56)

MELBOURNE: For S P Setia Bhd, the next phase of growth could be coming from Down Under.

The property group will be launching its maiden property venture in Australia, Fulton Lane, that has an estimated gross development value (GDV) of A$470 million (RM1.5 billion) in September.

London: An estimated foreign capital of over £3.3 billion (RM16.3 billion) is being injected into the London property market annually, according to a report by Savills. In addition to that, a further £0.4 billion is expected to fuel its newly-built stock.

KUALA LUMPUR: The loan stocks of Malton Bhd lost 29.6% of the value when they commenced trading on Monday, June 13.

At 4.02pm, Malton-LR was down 8.2 sen to 19.5 sen with 10.85 million units done. It shares fell three sen to 52.5 sen with 6.26 million shares done.