Ireka plans six projects worth RM1.3b
KUALA LUMPUR (July 18): Property development and construction outfit Ireka Corp Bhd, which unexpectedly announced last Tuesday that it had called off its plan to build a RM203.
Property market still slow and outlook seems uncertain
THE CURRENT slowdown in the property market doesn’t look like it will pick up anytime soon.
Koharu Resort receives TripAdvisor’s Certificate of Excellence 2016
THE debut project of a Malaysian developer has been a hit with international travellers.
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IOI Properties unveils JW Marriot Hotel in Singapore
KUALA LUMPUR (July 15): IOI Properties Group Bhd’s joint venture with Singapore-listed developer City Developments Ltd — South Beach Consortium Pte Ltd — recently announced its collaboration with Marriott International to launch the JW Marriott Hotel Singapore South Beach.
BNM’s decision positive for sentiment on property
Property sector (July 14) Maintain neutral: Bank Negara Malaysia (BNM) has cut its overnight policy rate by 25 basis points (bps) to 3%.
Lower OPR expected to have positive impact on existing borrowers, property sector
PETALING JAYA (July 14): Bank Negara Malaysia’s (BNM) decision to cut the overnight policy rate (OPR) by 25 basis points to 3% is expected to have a positive impact on borrowers and the property sector, said property developers and mortgage firms.
Trepidation ahead of Singapore REITs 2Q results
SINGAPORE (July 14): Daiwa Capital Markets is keeping its “positive” rating on Singapore Real Estate Investment Trusts (S-REITs), but has “low expectations” ahead of announcement of 2Q16 results by the 14 S-REITs under its coverage starting Friday.
