News about Australia

KUALA LUMPUR (June 17): Hong Leong IB Research has maintained its “Neutral” rating on the property sector with IOI Properties Group Bhd as its top pick after cooling measures were recently announced in several states in Australia to curb speculation by foreign property buyers.

WHO: Combining the old with the familiar and coming up with something unexpected is how Singapore-based designer Jarrod Lim describes his creative process.

KUALA LUMPUR (June 10): Major Malaysian real estate investments in London will be affected if Britain leaves the European Union (EU) as it will result in a significant drop in the value of the pound sterling, said an economist.

FROM its trendy restaurants to its art and culture centres, Melbourne has long presented itself as one of the most desirable places to live and work.

TASMANIA (June 6): The chief executive and founder of Fragrance Group, Koh Wee Meng is believed to have bought a A$5.

PETALING JAYA (June 6): Gamuda Land, the property arm of construction group Gamuda Bhd, aims to launch its first Australian project — 661 Chapel St in Melbourne — Down Under in the third quarter of this year, said the developer’s chief operating officer Ngan Chee Meng.

SINGAPORE (June 2): Frasers Property Australia says construction firm Brookfield Multiplex has been awarded a A$290 million ($290 million) contract to build the DUO in Sydney.

GAMUDA Land’s first Australian project in Melbourne — 661 Chapel St — has recorded a take-up rate of 30% since its launch in Kuala Lumpur in June last year.

SEREMBAN (June 1): Matrix Concepts Holdings Bhd is confident its M.

Matrix Concepts Holdings Bhd (May 23, RM2.