O&C Resources to launch Isola KLCC by 1Q2017
PETALING JAYA (Jan 28): O&C Resources Bhd is looking to launch Isola KLCC at Jalan Yap Kwan Seng in Kuala Lumpur by the first quarter of 2017.
Borneo Oil acquires seven plots of quarry land in Lahad Datu
KUALA LUMPUR (Jan 27): Borneo Oil Bhd is acquiring seven plots of quarry land in Lahad Datu, Sabah as part of its expansion plan into limestone mining.
CRCT posts 8.5% decline in 4Q DPU to 2.37 cents on additional tax provision and forex losses
SINGAPORE (Jan 26): The manager of CapitaLand Retail China Trust (CRCT) has declared a distribution per unit (DPU) of 2.
Perennial-led consortium divests 70% stake in TripleOne Somerset
SINGAPORE (Jan 26): Perennial Somerset Investors (PSIPL), a consortium led by Perennial Real Estate Holdings (Perennial), has agreed to divest a 70% stake in TripleOne Somerset to Simply Swift Limited, an indirect wholly-owned subsidiary of Hong Kong-listed Shun Tak Holdings.
Ascendas Hospitality Trust posts 13.1% higher 3Q DPS of 1.64 cents
SINGAPORE (Jan 26): Ascendas Hospitality Trust saw DPS grow 13.
Fancy a resort home in Kota Kinabalu?
AT Sutera Harbour Resort in Kota Kinabalu, more than 2,500 people attended a New Year’s Eve party that featured a live performance by Singapore band Reverie and a 12-minute fireworks display on the waterfront.
Mapletree Commercial Trust’s 3Q DPU grows 9.7% to 2.28 cents
SINGAPORE (Jan 25): The manager of Mapletree Commercial Trust (MCT) has declared a distribution per unit (DPU) of 2.
CMMT sees rental pressure remaining in near term
KUALA LUMPUR (Jan 25): The downward pressure on rental in shopping malls will remain in the near term as more shopping space comes into the market, according to Low Peck Chen (pictured), the chief executive officer (CEO) of Capitaland Malaysia Mall REIT Management Sdn Bhd (CMRM), the manager of Capitaland Malaysia Mall Trust (CMMT).
Singapore top gains and losses in 2016
AS the proportion of unprofitable property transactions surged from 9% (508 out of 5,433 matched transactions) in 2015 to 17% (1,002 out of 5,924 matched transactions) in 2016, the losses incurred by sellers climbed 62% from S$161 million to S$260 million over the same period.
