SINGAPORE (Jan 4): Franses Gallery, a London-based UK art gallery, says it is currently in the midst of a “bitter [court] dispute” with CapitaLand over a new 15-year lease of purpose-built premises within the Singapore-listed property developer’s Ascott-branded Cavendish Hotel.
THE year has been a mixed bag for the global property markets; some have performed fairly well while some, like in Malaysia, are wishing for better days ahead.
KUALA LUMPUR (Dec 21): Amcorp Properties Bhd (AmProp) is planning to venture into the Hong Kong property market via a tie-up with Grosvenor Asia Pacific Ltd.
PETALING JAYA: The world’s most important, influential and interconnected cities with the deepest pools of firms and talent continue to command the highest office occupation costs, with Hong Kong topping the chart of global real estate firm JLL’s Premium Office Rent Tracker.
PETALING JAYA (Dec 16): Malaysia’s second largest pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has bought Kuala Lumpur’s Menara AIA Cap Square from Germany’s Union Investment Real Estate GmbH (UIRE).
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SETIA ALAM (Dec 8): Eco World Development Group Bhd (EcoWorld) is aiming for an even higher sales target for its 2017 and 2018 financial years after having met its sales target of RM4 billion in FY2016 ended Oct 31, 2016.
LODHA UK, the British development subsidiary of India’s Lodha Group, exhibited its new London apartments — Lincoln Square — in Kuala Lumpur at the weekend (Nov 26 and 27).
PETALING JAYA (Dec 2): Hong Kong has the world’s highest rent for premium office space in 2016, taking a significant lead from two other global cities, London and New York, according to international real estate consultancy JLL.
PETALING JAYA (Nov 10): The first residents and The London Film School will soon move into the London City Island development, joining the English National Ballet and English National Ballet School.
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