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.
S P Setia, Sime Darby, I&P abort affordable housing JV in Jakarta with PT Hanson International
KUALA LUMPUR (Jan 17): Property developer S P Setia Bhd announced today that S P Setia (Indonesia), Sime Darby Bhd and I&P Group Sdn Bhd have decided not to pursue the joint venture with Indonesia’s PT Hanson International Tbk to jointly develop an affordable housing project in Greater Jakarta, Indonesia.
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.
Strategic alliance opens up market for Malaysian properties
THE local real estate industry can look forward to expanding their businesses across the Asean (Association of Southeast Asian Nations) region more effectively, thanks to an initiative by regional real estate bodies, including The Malaysian Institute of Estate Agents (MIEA).
Singapore REITs outlook cloudy as rate hike looms following Trump triumph
SINGAPORE (Nov 16): Dark clouds are gathering for Singapore real estate investments trusts (REITs).
Oakwood Hotel & Residence Kuala Lumpur targets 70% occupancy rate
KUALA LUMPUR (Nov 10): Malaysia’s first Oakwood hotel and residence, Oakwood KL, — formerly the Nomad SuCasa Hotel — is eyeing to achieve an average occupancy rate of 70% backed by strong demand from business and leisure travellers, according to Oakwood Hotel & Residence Kuala Lumpur director of sales and marketing Kenny Goh (pictured).
