News about ER

IN less than two years, Singapore-based Lee Rubber Co (Pte) Ltd has divested itself of at least four assets in Malaysia, namely in Johor, Kuala Lumpur and Penang.

Sometimes investing in property overseas could be a good move to avoid putting all your eggs in one basket.

Housing projects designed specifically for mobile and independent retirees are nothing unusual in many developed countries.

PETALING JAYA (Feb 11): WZR Property Sdn Bhd will be launching two new phases of its Bukit Jalil development — The Earth, by the end of next month, according to the company’s director of development Ibrahim Rahmad.

SINGAPORE (Feb 10): REIT management company ARA Asset Management posted 28% lower earnings of S$18.

KUALA LUMPUR (Feb 10): In May last year, O&C Resources Bhd (OCR) shareholders gave the rubber and baby products manufacturer the greenlight to diversify into property development.

PETALING JAYA (Feb 10): Property prices in Johor’s Iskandar Malaysia is expected to drop in 2017 due to weak market sentiments and other challenges, but there are opportunities for developers to target buyers from overseas, said Landserve (Johor) Sdn Bhd executive director Wee Soon Chit.

Sold for: RM435,000 (RM753 psf) Concluded by: Derrick Hum (REN 10765) of Property Exchange (012-723 0309) When: October 2016 Noteworthy: ● Freehold ● 578 sq ft ● One bedroom and one bathroom ● High floor ● Facilities: Children’s playground, wading pool, gymnasium, leisure pool, lap pool, multipurpose hall, open terrace and sauna Situated on a three-acre freehold site, Desa Green is a high-density serviced apartment developed by UOA Development Bhd.

SINGAPORE (Feb 9): Frasers Centrepoint Ltd (FCL) has announced 1Q2017 earnings of S$187.

AS connectivity and infrastructure improve and the rental gap between Kuala Lumpur’s central business district (CBD) and city fringe narrows, more companies may move into or relocate to the CBD.