CapitaLand raises S$2.47 bil in shopping mall IPO
SINGAPORE: CapitaLand Ltd raised S$2.47 billion (RM6 billion) on Nov 17 selling shares in its CapitaMalls Asia Ltd unit in Singapore’s biggest IPO since at least 1993.
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Oriental Interest plans RM60m housing projects
GEORGE TOWN: Oriental Interest Bhd (OIB) plans to embark on eight to nine housing projects in Selangor, Negeri Sembilan and Kedah in 2010, which would have a total gross development value exceeding RM60 million.
AQRS’s Contours development targeting year-end launch
KUALA LUMPUR: AQRS The Building Company Sdn Bhd (AQRS) plans to launch courtyard homes with an estimated gross development value of RM120 million in Melawati Heights in Kuala Lumpur by the year-end.
The Contours, comprising 40 units, is AQRS’s biggest project yet in terms of GDV.
Oriental Interest plans more than RM60 mil worth of housing projects
GEORGE TOWN: Oriental Interest Bhd (OIB) plans to embark on eight to nine housing projects in Selangor, Negri Sembilan and Kedah in 2010, which would have a total gross development value exceeding RM60 million.
MRCB Group MD is Fiabci Property CEO of the Year
KUALA LUMPUR: Group managing director of Malaysian Resources Corp Bhd (MRCB), Shahril Ridza Ridzuan was honored as the Property CEO of the Year in the Fiabci Malaysia Property Award 2009 on Nov 16.
Star to house Utar, 3 radio stations in Section 13
PETALING JAYA: Star Publications (M) Bhd will redevelop its former headquarters site in Section 13 here to house both an expanded campus of Universiti Tunku Abdul Rahman (Utar) and the publishing group's three radio stations.
Starwood Property completes US$144 mil in deals
CHICAGO: Barry Sternlicht’s Starwood Property Trust Inc, the commercial real estate mortgage investor and lender, completed US$144 million (RM484.7 million) in investments in its first 60 days.
Goldman Sachs sells Miami condos for US$113,000 each
NEW YORK: Goldman Sachs Group Inc sold 158 condominiums in a foreclosed project outside Miami for about US$113,000 (RM380,358) each, roughly one-third the cost of land and construction.
Northern Ireland house prices rise in 3Q, says report
BELFAST: Northern Ireland house prices rose 3.3% in the third quarter from the previous three months, signalling an easing in the UK recession, a report said on Nov 16.
US commercial property falls 21% through September
NEW YORK: US commercial real estate values fell more than 21% in the first nine months of this year, as the highest unemployment since 1983 weakened demand, Investment Property Databank Ltd (IPD) said on Nov 16.
