Titijaya partners CREC to develop RM575 mil mixed project in Kota Kinabalu
KOTA KINABALU (Feb 27): Property developer Titijaya Land Bhd is partnering China Railway Engineering Ltd to jointly develop mixed-use project with a gross development value (GDV) of RM575 million on a 1.
Sime Darby's 2Q net profit more than doubles to RM644 mil, declares 6 sen dividend
KUALA LUMPUR (Feb 27): Sime Darby Bhd saw its net profit for the second financial quarter ended Dec 31, 2016 (2QFY2017) more than double to RM644 million or 9.
Shanghai is the No 1 real estate investment destination in Asia Pacific
PETALING JAYA (Feb 22): Shanghai has emerged as the top city for real estate investment in Asia Pacific as of 4Q2016.
Asian millennials continue to seek financial security in real estate
KUALA LUMPUR (Feb 21): Some 45% of millennials continue to purchase properties across Asia to generate rental income for their retirement, according to the “Manulife Investor Sentiment Index” report.
CapitaLand got a boost from its China properties in 4Q but will it last?
SINGAPORE (Feb 16): UOB Kay Hian and OCBC Investment Research are maintaining their “buy” calls on CapitaLand with a target price and fair value of S$4.
CityDev subsidiary acquires Shanghai commercial project for S$186 mil
SINGAPORE (Feb 15): CDL China, a wholly-owned subsidiary of City Developments Limited (CDL), is acquiring a prime Shanghai commercial project, Meidao Business Plaza for RMB 900 million (S$186 million) through the purchase of a 100% equity stake in Shanghai Meidao Investment Co.
CapitaLand posts 74% rise in 4Q earnings to S$430.5 mil on higher handover of China projects
SINGAPORE (Feb 15): CapitaLand reported a 73.
Sunway Property targets RM2 bil worth of launches for 2017
KUALA LUMPUR (Feb 14): Sunway Property, the property division of Sunway Bhd, is looking to launch RM2 billion worth of properties this year with 90% of the launches in Malaysia, while the remaining will be in Tianjin, China.
Frasers Centrepoint’s 1Q earnings nearly double to S$187.5 mil
SINGAPORE (Feb 9): Frasers Centrepoint Ltd (FCL) has announced 1Q2017 earnings of S$187.
