Brexit raises uncertainty over Amcorp’s sales

Amcorp Properties Bhd (July 8, 87 sen) Downgrade to hold with a target price (TP) of 86 sen: With more than 90% of Amcorp Properties Bhd’s (AmProp) earnings derived from London, we believe Brexit would raise uncertainty over its sales, at least in the near term.

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Infinity pool glass panels at Singapore condo crashes

PETALING JAYA (July 9): The glass panels of a fifth-storey infinity pool at the Cradels condominium in Whampoa, Singapore, crashed to the ground yesterday, sending shattered glass flying across the condo compound and water pouring from the pool, reported the Straits Times.

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PROPERTY SNAPSHOT 2: What’s affordable in Subang/Ara Damansara?

•     While Subang and Ara Damansara are located adjacent to each other, they offer vastly different landscapes with the former dominated primarily by industrial sites and affordable housing while the latter is more affluent with gated and guarded neighbourhoods and increasingly upmarket condominiums.

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