Preserving the charms of pre-war heritage buildings
AT the time of the establishment of the Straits Settlement in Penang, local architecture was strongly influenced by British, Indian, Chinese and Islamic elements.
How many pre-war houses in Penang’s heritage zone have been sold to foreigners?
GEORGE TOWN (Dec 14): It looks like the saga concerning pre-war houses in Penang’s heritage zone is not going to be over soon.
The luxurious Jumeirah Al Naseem opens in Dubai
DUBAI (Dec 14): Luxury hotel Jumeirah Al Naseem has officially opened its doors for guests on Dec 1, the global engineering and infrastructure advisory company for the resort, Aurecon Group stated in a press statement today.
Oxley officially launches Convention City in Batam
SINGAPORE (Dec 14): Property developer Oxley Holdings has officially launched the first phase of its 20,000 sq m Oxley Convention City in Batam, Indonesia.
Greater KL development negative for property and REITs, says HLIB Research
KUALA LUMPUR (Dec 14): The Greater Kuala Lumpur development has been deemed as being negative for the property sector and real estate investment trusts (REITs) by Hong Leong IB Research.
Frasers Hospitality launches North Park Place in Thailand
SINGAPORE (Dec 13): Frasers Hospitality Group, a division of Frasers Centrepoint Limited, recently launched North Park Place, a 105-unit luxury serviced residence located within the exclusive Rajpruek Golf Club in Bangkok, Thailand.
Alila Fort Bishangarh in Jaipur to open in 1Q2017
PETALING JAYA (Dec 13): Alila Fort Bishangarh, located in the Aravalli hills in Rajasthan, Jaipur district, India will open in the first quarter of 2017, according to Alila Hotels and Resorts.
Oxley Tower achieves TOP; 100% of sellable area sold
SINGAPORE (Dec 13): Property developer Oxley Holdings has announced that its development project Oxley Tower has achieved Temporary Occupation Permit (TOP) from the Building and Construction Authority (BCA) of Singapore.
Country Garden in JV to launch Forest City
KUALA LUMPUR (Dec 13): One of China’s top 10 real estate developers and also among Forbes Asia’s Top 30 companies, Country Garden has partnered with Johor’s Esplanade Danga 88 Sdn Bhd in a joint venture (JV) to launch its latest project, Forest City, with a gross development value of US$100 billion (RM441 billion).
‘REITs’ fundamentals still intact’
KUALA LUMPUR (Dec 13): While the spike in Malaysian Government Securities (MGS) 10-year yield has made real estate investment trusts (REITs) relatively less attractive, analysts said the fundamentals of REITs are still intact and are still commanding a premium over MGS yields.
