Ascott to manage Somerset Arcadia Miri
PETALING JAYA (Sept 2): CapitaLand’s wholly-owned serviced residence business unit, The Ascott Ltd (Ascott) has successfully secured a management contract for the 200-unit Somerset Arcadia Miri in Sarawak.
Hong Kong office market recovery sees return of en bloc sales
HONG KONG (Sept 1): The recovery of Hong Kong office market has renewed investor interest in en bloc properties, according to JLL Asia Pacific Office Investment Highlights Mid-Year Review 2015.
Tropicana Corp to unveil Tropicana Metropark’s third phase in October
KUALA LUMPUR (Aug 21): Tropicana Corporation Bhd expects to unveil the first commercial component for its integrated development Tropicana Metropark in October.
GST play for estate agents
GEORGE TOWN (Aug 18): The Goods and Services Tax (GST) implemented in April this year is affecting property players and estate agents.
21 finalists selected for The Edge-Mah Sing Millionaire contest
KUALA LUMPUR (Aug 13): The much-anticipated The Edge-Mah Sing Millionaire Contest is definitely heating up as the 21 finalists have been chosen recently and are currently being notified.
Central London residential property activity expected to rise, says CBRE
LONDON (JULY 30): Commercial property and real estate services adviser CBRE expects Central London residential sector activity to increase in the second half of the year.
Mumbai expected to be short of office space from 2018
India's financial capital Mumbai, will add between 12 million to 15 million sq ft of office space, an increase of about 16%, to its current Grade A office stock of 96 million sq ft in the next two years, according to JLL India research.
Axis-REIT, Haisan enter into RM46 mil sale and leaseback agreement for Port Klang property
KUALA LUMPUR (June 22): Axis REIT Managers Bhd (ARMB), the manager of Axis Real Estate Investment Trust (Axis-REIT), is acquiring an industrial facility in Port Klang, Selangor from Haisan Resources Bhd for RM46 million cash on an acquisition and leaseback arrangement.
Mah Sing expects better sales in 2H
KUALA LUMPUR (June 19): Mah Sing Group Bhd expects sales to pick up in the second half of the year (2H2015) following sales of just RM761 million in the first four months of the year – or 22% of their RM3.
Mah Sing Jan-April property sales at RM761 mil, better 2H seen
KUALA LUMPUR (June 18): Mah Sing Group Bhd, which sold RM761 million worth of properties between January and April this year, expects sales to be better in the second half (2H) of 2015.
