High-net-worth individuals focusing on real estate investments
A mid the global political and economic uncertainties, global high-net-worth individuals (HNWIs) tend to shy away from high-risk investments.
Landmarks to raise up to RM36.93m via private placement
KUALA LUMPUR (April 18): Landmarks Bhd is proposing a private placement to raise as much as RM36.
Singaporeans account for 24% of Gramercy Park buyers to date
SINGAPORE (April 11): City Developments Ltd (CDL) has announced positive sales for its 174-unit luxury freehold residential development thus far, with average sales prices ranging from over S$2,600 (RM8,205) to S$2,800 per sq ft.
GIC in joint venture to own, develop mixed-use complex in Jakarta
SINGAPORE (April 3): Singapore sovereign wealth fund GIC announced Monday that it has formed a joint-venture with Indonesian property developer PT Intiland Development Tbk to own and manage an integrated mixed-use complex in Indonesia.
Australia’s IMG partners Lyon Capital to offer retirement village consultancy
PETALING JAYA (March 22): Australia’s Independent Management Group (IMG) has inked an agreement with Malaysian boutique developer Lyon Capital Sdn Bhd to provide consultancy and management services for medium- to high-end retirement village developments in South East Asia.
Spore's PropNex Realty goes regional, starting with Indonesia
After 17 years, home-grown real estate agency PropNex Realty has finally decided to venture overseas.
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.
Sime Darby confirms cancellation of RM3.5 bil Indonesian housing project
KUALA LUMPUR (Jan 18): Sime Darby Bhd today confirmed that the conglomerate and two other property groups, SP Setia Bhd and I&P Group Sdn Bhd, have aborted their plans to jointly develop an affordable housing project in Indonesia worth 11.
A tale of three markets
THIS year will see acquisitions and mergers for some developers in Malaysia.
